Heather Mirich, Loan Officer- MLO 994487

04/13/2024

Some great information here for our aging population.

There is another option that wasn’t mentioned and that is aging in place. There are some great financial tools to help you better achieve this. Reach out to learn more.

Caring for an elderly parent or relative can be expensive. Here's are some terms that will help you gain an understanding of the resources available and at what cost.

04/13/2024

By 2035, there could be 9.2 million fewer boomer homeowner households, according to a Freddie Mac analysis.

This forecast raises critical questions about the future of the housing market, particularly in light of the existing shortage of single-family homes. Experts are predicting that this impending wave of boomer homeowners exiting the market could trigger what some are calling a "silver tsunami." This phenomenon would involve an influx of homes hitting the market as aging boomers seek to sell. However, Freddie Mac takes a more nuanced view, describing it as more of a "silver tide" - a gradual ebbing of this demographic that will likely be balanced out by new homeowners entering the market.

These seven states have a higher-than-average number of households occupied by homeowners aged 65 and older, making them potential destinations for finding good bargains:

1. Maine
2. Vermont
3. New Hampshire
4. West Virginia
5. Illinois
6. Florida
7. New York

🏡 The best time to sell is April 14-20. See how much your home is worth and find a trusted agent: https://rltor.cm/dtrvhg

04/12/2024

Sometimes FHA loan rule changes don't affect the borrower. But the rule changes that DO can be important to know about going into your house hunting journey. https://www.fha.com/fha_article?id=3782

04/10/2024

Faced with high borrowing costs and uncertain relief, a reverse mortgage could be valuable for seniors today.

03/08/2024

Interesting proposal for a housing tax credit for first time homebuyers, move-up buyers that are selling their starter home and for those whose parents don’t own a house (curious how they verify that one) and then no lenders title insurance required on refi’s. Will title companies need to make up that loss of revenue elsewhere? I don’t know…

The tax credit would be nice if this happens, it won’t help make qualifying any easier since it’s only a 1 or 2 year tax credit depending on the use. So maybe it will help pay their electric bill for a year or two or help with initial costs of homeownership.

But will it happen? “
The tax credits, a revival of an idea from Biden’s first election campaign that never came to fruition, are among a raft of new housing policies Biden is set to propose Thursday night during his State of the Union address.”

If you’re one of many people who want to buy a house but can’t afford to break into today’s pricey market, President Joe Biden is proposing a new tax credit to help tip the financial scales in your favor.

01/26/2024

A sellers perspective on downsizing and the process of listing their memories.

https://www.aarpethel.com/fulfillment/downsizing-the-good-the-bad-and-the-hopeful?fbclid=IwAR1I9F89KNGgYppfGRVU0uYviQyBrCbdUHtTZeY7Ae-DnsYiHJ12XS4UX8Q_aem_AUgGgF4WCF2LTBBfw5kHSNqyJlWp1e-dFXz4MFouT1v2tI80vybT5oOVfjmxtgHXwl0

How a smaller home unleashed my exciting next chapter.

01/18/2024

01/05/2024

12/20/2023

Is adding a non-occupant co-borrower right for you?

12/20/2023

Part 6 of my series on 15 ways to make buying a house and getting a mortgage less stressful.

Here’s what I have to say when I’m asked if adding a co-borrower is helpful:

12/19/2023

Part 5 of my series on 15 ways to make buying a house and getting a mortgage less stressful.

Here’s what I have to say when someone asks why the monthly payment is different depending on the house you purchase: