What the HECM: Understanding A HECM Home Equity Conversion Mortgage
Learn all about What the HECM in this comprehensive guide. Understand the ins and outs of Home Equity Conversion Mortgage, its benefits, eligibility, and frequently asked questions. Get expert insights and valuable information to make informed decisions.
If you are a homeowner who's at least 62 years old, you might have heard about a financial product called a Home Equity Conversion Mortgage (HECM). But what is a HECM, a...
Making the Right Move: Tips for Adult Children Navigating Senior Housing Options
As our parents age and seniors continue to make up a larger proportion of the population, the demand for various types of senior housing options is increasing. As a realtor with assisting in seniors moving, it is important to have a good understanding of the different types of housing available to meet your parent's unique needs. By providing options on senior housing, you can assist your aging parents in making in...
How Older Parents Can Downsize: Selling their Home and Moving to a Townhome or Apartment
As parents grow older, they may find that the home they've lived in for years no longer suits their needs. With the children grown up and moved out, maintaining a large family home can become more of a burden than a joy. Many older parents choose to downsize by selling their home and moving to a smaller, more manageable townhome or apartment. In this article, we'll explore the benefits of downsizing, the...
Inheriting a home can be both a blessing and a challenge. Here are some things you should know if you inherit a home:
Probate: In most cases, you'll need to go through the probate process to transfer the title of the property to your name. This process involves proving that you're the rightful heir and can take several months or more. Your Attorney will give you more details reguarding this process. Taxes: Depending on the value of the home and your state's laws, you may be subject to inher...
Deciding when it's time for your parents to move can be a difficult and emotional process, but there are a few things you can do to help them make the right decision.
Start the conversation early: It's important to have an open and honest conversation with your parents about their future living arrangements before any major health or safety concerns arise. Consider their needs and wants: Take the time to understand your parents' preferences and priorities for their next home. Do they want...
