When You Invest in Homer,
You Invest in a State of Mind
Welcome to our blog, where we go in-depth about current market trends, offer tips and information for Buyers and Sellers, answer frequently asked questions, and more.
Latest from the Blog
What is a Reverse Mortgage?
This is a special type of mortgage specifically for homeowners 62 and older designed to aid retirees with limited income to turn their home’s equity into cash to spend however they see fit (typically to help cover living expenses). Unlike traditional mortgages, reverse mortgages do not require the borrower to make monthly payments. Instead, the loan is repaidContinue reading “What is a Reverse Mortgage?”
Uncommon Types of Mortgages
https://www.investopedia.com/terms/b/balloon-mortgage.asp https://www.investopedia.com/terms/j/jumboloan.asp https://www.consumerfinance.gov/ask-cfpb/what-is-a-piggyback-second-mortgage-en-1955/ https://www.bankrate.com/mortgages/interest-only-mortgage-payment-calculator/ https://www.rocketmortgage.com/learn/construction-loans
Common Types of Mortgages
https://www.rocketmortgage.com/learn/conforming-loan-limits#:~:text=The%20baseline%20conforming%20loan%20limit,higher%2Dcost%20counties%20as%20well. https://www.rocketmortgage.com/learn/fha-loans https://www.benefits.va.gov/homeloans/ https://www.bankrate.com/mortgages/types-of-mortgages/
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