29 Mar 2023
By RESCO Realty

A Reverse Mortgage And A Home Equity Conversion: What To Know

Real Estate, ,
If you are getting ready to retire, you need to make sure you have income to support yourself during your golden years. One popular option is a reverse mortgage, and you can use it to supplement the benefits you receive through Social Security. On the other hand, you may have also heard about a home equity conversion mortgage. What are the differences between them, and which one is right for you? A Reverse Mortgage A reverse mortgage is a popular option because you can tap into the equity you have in your home to receive funds from a specific lender.…
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23 Mar 2023
By RESCO Realty

White Lies That Could Make It Harder To Buy A Home

Real Estate, ,
Right now, the real estate market is very competitive, and you might be tempted to use a few white lies to make your offer seem more competitive. No matter how much you want to purchase a home, you need to make sure you are completely honest and open when you go through the process from start to finish. What or a few examples of common white lies that people tell that could jeopardize your application or your mortgage as a whole? Lying About Your Primary Residence If you plan on living in the house full-time, make sure you say so.…
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21 Mar 2023
By RESCO Realty

An Overview Of A Wrap-Around Mortgage: What To Know

Real Estate, ,
Are you having a difficult time qualifying for a traditional mortgage in the current market? If so, there are other options available, and a lack of financing can frustrate not only the buyer but the seller as well. For example, one option that you may have heard about is called a wrap-around mortgage. The entire goal of this mortgage is to help the buyer get financing to purchase the house while making sure the seller still turns a profit. What do you need to know about a wrap-around mortgage?  What is A Wrap-Around Mortgage? A wrap-around mortgage is a specific…
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