Arthur Santos, NMLS #235750

01/16/2024

I'm with the boomers! Aging in place is the way to go. And staying active, of course!

Buying a family-sized home with three or more bedrooms used to be manageable for young people with children. But with home prices climbing faster than wages, mortgage rates still close to 23-year highs and a shortage of homes nationwide, many Millennials with kids can’t afford it. And Gen Z adults...

12/30/2023

Always good to know. Check out this link:

You may have heard the saying "You can't take it with you." But here's how your Social Security benefits may continue when you die.

12/21/2023

Here's hoping we've truly dodged the recession bullet!

The U.S. Federal Reserve started 2023 on a grim note, with staffers calling a recession "plausible," and policymakers penciling in growth near stall speed and rising unemployment as the costs of quashing inflation with rapid-fire interest rate increases.

08/25/2023

Not quite out of the woods yet.

Additional interest rate hikes are still on the table and rates could remain elevated for longer than expected, Federal Reserve Chair Jerome Powell said Friday.

05/10/2023

I am pleased to share that I have recently signed up as a Business Community Partner with The Center in Palm Springs. I am holding an Introduction To Reverse Mortgages Workshop there on Wednesday, May 17 at 10:00 AM. If you or someone you know are interested in reverse mortgages or could benefit from my workshop, please feel free to share this post with them. Thank you 😀🙏!

03/24/2023

There's no place like home. But is your home appropriately built for you to age in place in it? The answer is most likely not, unfortunately.

Baby Boomers don’t want to go to a senior care facility. The problem? Most houses aren’t designed for older adults.

08/17/2022

Aging in place requires planning and preparation. This article lists a number of aging in place home projects, aimed at boosting safety and future independence. More importantly, it suggests options on how a senior homeowner can fund such home modification projects.

Now might be the best time for senior homeowners to use the equity in their homes to do some of those aging-in-place modifications.

07/26/2022

Can you afford to pay the high costs of long term care? It's the question a lot of Americans are pondering, as we all get older. For homeowners with substantial equity in their homes, a reverse mortgage may offer a viable solution.

A reverse mortgage can provide a crucial stream of income to pay for long-term care costs, but there are some limitations.

07/22/2022

Medicare does not pay for home health care. And it is quite expensive. Here's where having a reverse mortgage comes in handy.

Aging in place at home can be far more expensive than you imagine. Know the costs and prepare ahead of time or face a crisis.

07/19/2022

Baby boomers finding creative ways to make ends meet. Otherwise known as home sharing or finding a 'boommate'. But it's not for everyone. So, if it's not for you, obtaining a reverse mortgage may be another option to consider.

Amid high inflation and rising housing costs, some seniors are turning to home-sharing. Economics correspondent Paul Solman has the story about a growing number of baby boomers who are becoming "boommates."

07/16/2022

If downsizing to a smaller home is not in the cards at the moment, consider getting a reverse mortgage on your current home, to improve your cash flow.

Is there still money to be made in selling big and buying small?