A reverse mortgage can allow you to tap the equity in your home without having to sell it or take on another loan. Reverse mortgages or HECMs are commonly used by older Americans in retirement. A reverse mortgage can supplement other retirement income from investments and Social Security.
A reverse mortgage may be a way to obtain some extra income, especially if you're elderly or retired. A reverse mortgage lets you get the equity out of your home without having to sell it or take on another loan such as a home equity loan. Learn who might be a good candidate for a reverse mortgage, or HECM.
The Internet is full of scams that sound too good to be true. Learn about some common Internet scams involving credit cards, health care, investments, online auctions and more. Some Internet scams also involve fraudulent telephone charges. Learn how to discover an Internet scam and who to report it to.
Buyers and sellers can find home inspectors just by opening the phone book. But buyers and sellers must beware and determine whether home inspectors they choose are legitimate. Buyers and sellers can find some of the most qualified home inspectors by checking with the American Society of Home Inspectors.
In some ways, finding the right broker or agent is tougher for a seller than for a buyer. Both buyers and sellers should find someone with who they feel comfortable, whose personality meshes with theirs. It's important to have someone who can listen to your concerns and can explain potential problems to you in a way you can understand.
Homeowners who are selling their home should attach a lockbox to their property to allow real estate agents to show your home to potential home buyers. The lockbox is a metal box attached to your property with a master key that allows real estate agents entrance to the home while the seller is gone. More sophisticated lockbox systems use electric key cards so several real estate agents can show the seller's home, increasing the chances of a home sale.