Owning a home is a significant milestone in anyone’s life, and for Florida residents, the Homestead Exemption offers a valuable financial benefit that can …
Affording home healthcare can be a significant financial burden, especially for seniors who don’t want to deplete their investment accounts. Imagine being a 70-year-old woman dealing with the challenges of multiple sclerosis (MS), owning a $900,000 home free and clear, and having
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Reverse Mortgage is a strategic tool that allows adults 62 and over to increase their buying power for the purchase of their new dream home while eliminating required monthly mortgage payments. Move closer to family and loved ones Buy on the beach,
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Over several decades, reverse mortgages have gone through an evolution of policy and legislative changes that incorporate key protections for borrowers. Thanks to improved regulations and education and a changing financial landscape, these financial tools, once considered questionable by many financial advisors,
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The Florida Hometown Heroes Housing Program makes homeownership affordable for eligible community workforce. The Florida Hometown Heroes Housing Program This program provides down payment and closing cost assistance to first-time, income-qualified homebuyers so they can purchase a primary residence in the community where
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As people age, it is common for families to consider generational housing, which involves multiple generations living together in the same household. However, financing generational housing can be challenging, as it often involves significant upfront costs and ongoing expenses. In this blog,
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In 2020, the COVID-19 pandemic brought significant changes to the real estate market, including changes in the requirements for conventional mortgages for condos. Before the pandemic, the requirements were relatively relaxed, but after 2020, lenders began to tighten their standards to reduce
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A reverse mortgage can be a useful financial tool for seniors looking to purchase a home. It allows individuals to use the equity in their current home to obtain a loan for the purchase of a new home without requiring monthly mortgage
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Buying a home is a major decision that requires careful consideration. In 2023, the housing market may be in a different place now, so it’s important to evaluate your personal and financial situation before making a decision. In this blog, we’ll explore
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A first time home buyer is an individual who is purchasing their first home. Typically, this means that they have never owned a home before, or if they have, it was only for a short period of time. After 3 years of
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