While you’re isolating at home, there are things you can do to help buy a home now or in the near future. Instead of spending time surfing the Internet looking at homes, do the groundwork necessary to be able to purchase the home that you find. There is a lot...
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About: Maggi Pritchard
Recent Posts by Maggi Pritchard
Showing Procedures During Covid-19
Maggi Pritchard
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During these unsettling times, sellers and buyers are concerned about staying healthy and virus-free as we all are. To keep all parties safe, new procedures should be considered regarding the procedure for showing houses. Agents are reporting that they are selling homes where the buyers have not physically been in...
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Why have a mortgage during retirement?
Maggi Pritchard
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You don’t have to watch TV for long before Tom Selleck, Henry Winkler or Robert Wagner will tell you why seniors should consider a reverse mortgage. However, there are a seniors who are resisting the conventional wisdom of having their home paid for and opting for a mortgage with payments...
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Understanding Reverse Mortgages
Maggi Pritchard
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Reverse mortgage loans are like traditional mortgages that permits homeowners to borrow money using their home as collateral while retaining title to the property. Reverse mortgage loans don’t require monthly payments. The loan is due and payable when the borrower no longer lives in the home or dies, whichever comes...
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Anticipating the Cost of a Home
Maggi Pritchard
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The largest expenditure a buyer has when purchasing a home is the down payment which can range from zero for veterans or 3.5%, 5%, 10% and 20%. With mortgages come closing costs which can be another 2-4% and must be paid at settlement in cash. Most mortgages require an escrow...
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