Q: I will soon make our final mortgage payment. My wife will retire in two years and I will work to age 67. We are both 60 today. Because I don’t get a pension I really have been looking forward to this final payment. We bought the house 25 years ago, but I shortened the term of the loan by refinancing to a 15-year loan in 2003. Are we doing well to have the mortgage paid off by age 60?

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Millennials Are Skipping Starter Homes For Their Dream Homes

Thursday, December 6th, 2018
Denise Rivers

A new trend has begun to emerge. With home prices skyrocketing in the starter home category, many first-time homebuyers are skipping the traditional starter homes and moving right into their dream homes.

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VA Loans: Making A Home For The Brave Possible

Thursday, November 8th, 2018
Denise Rivers

Since the creation of the Veterans Affairs (VA) Home Loans Program, over 22 million veterans have achieved the American Dream of homeownership. Many veterans do not know the details of the program and therefore do not take advantage of the benefits available to them.

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Are You Wondering If You Can Buy Your First Home?

Thursday, November 1st, 2018
Denise Rivers

There are many people sitting on the sidelines trying to decide if they should purchase a home or sign a rental lease. Some might wonder if it makes sense to purchase a house before they get married or start a family, some might think they are too young, and still, some others might think their current incomes would never enable them to qualify for a mortgage.

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Why Should You Use A Professional To Sell Your Home?

Thursday, October 18th, 2018
Denise Rivers

When homeowners decide to sell their houses, they obviously want to get the best possible price for their home with the least amount of hassles along the way. However, for the vast majority of sellers, the most important result is actually getting their homes sold.

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Will Your Current House Fit Your Needs In Retirement?

Thursday, October 11th, 2018
Denise Rivers

As more and more baby boomers enter retirement age, the question of whether or not to sell their homes and move will become a hot topic. In today’s housing market climate, with low available inventory in the starter and trade-up home categories, it makes sense to evaluate your home’s ability to adapt to your needs in retirement.

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Selling Your Home? Here’s 2 Ways To Get The Best Price!

Thursday, October 4th, 2018
Denise Rivers

Every homeowner wants to make sure that they maximize their financial reward when selling their home, but how do you guarantee that you receive the maximum value for your house?

Here are two ways to ensure that you get the highest price possible.

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A Closer Look at Online Home Value Estimates

Thursday, September 20th, 2018
Denise Rivers

Consumers who are seriously in the home-buying and -selling market should be mindful of a variety of competing home price estimators. Solely relying on just one price estimate is likely to skew the views of what a particular property will actually transact for. When it comes to online home value estimates, however, the No. 1 caveat for consumers is that these estimates are not a substitute for formal appraisals, comparative market analyses and the in-depth expertise of real estate professionals. Nonetheless, it is important to know the different sources of automated valuation models (or AVMs) and home value estimates available online, so that you can help clients and potential clients understand these estimates in their proper context.

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What Is a Jumbo Mortgage and When Do You Need One?

Thursday, September 13th, 2018
Denise Rivers

Home prices have shot up in some areas of the U.S., to the point where buyers need jumbo loans to finance them. In mortgage-speak, jumbo refers to loans that exceed the limits set by the government-sponsored enterprises (GSEs) that buy most home loans and package them for investors.

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At Home in Retirement: Boomers Facing a Hard Truth

Thursday, September 6th, 2018
Denise Rivers

Baby boomers are on the cusp of retirement, but the ability to afford their desired lifestyle is at odds with their preferences, according to a recent report by The NHP Foundation (NHPF), an affordable housing nonprofit.

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