How Seniors in Washington Can Buy a Home Without Monthly Mortgage Payments

Did you know that if you’re 62 or older in Washington State, you can purchase a new home using a Home Equity Conversion Mortgage (HECM)—commonly known as a reverse mortgage? Many retirees feel stuck in homes that no longer fit their needs, whether it’s a two-story or three-story house that’s difficult to navigate or a property that’s simply too…

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The Minimum Wage Housing Crisis An Unseen Struggle

In today’s housing market, minimum-wage earners face an uphill battle in securing affordable rental housing. A recent report by Redfin highlights the stark reality: the average minimum-wage worker in the U.S. would need to work 106 hours per week to afford a median-priced apartment. This calculation is based on an effective national minimum wage of…

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Hey everyone, Larry Burgher here with Empire Home Loans! Today, I want to highlight three key mortgage opportunities that could help homeowners, investors, and buyers make smarter financial moves. 1. Home Equity: Put Your Investment to Work Did you know that homeowners in the U.S. hold a combined $17.2 trillion in home equity? If you…

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One of the biggest challenges homeowners face when moving is the timing—selling their current home while securing their next one. The fear of being stuck with two mortgages or scrambling to find a new place after selling can create a stressful, uncertain situation. That’s where Buy Before You Sell bridge loans come in. This financial tool allows homeowners…

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For many retirees, their most valuable asset isn’t stocks or savings, it’s the equity in their home. However, when planning for retirement, many people miss this key resource. A reverse mortgage, also known as a Home Equity Conversion Mortgage (HECM), can be a powerful tool to boost your retirement income, protect your investments, and ensure…

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The other day, I was having a conversation with a certified financial planner I know, and we got onto the topic of Power of Attorney (POA). It’s one of those things most people don’t think about until it’s too late, and the statistics on how many people don’t have one in place are pretty shocking.…

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Greetings, In the realm of financial planning, exploring innovative ways to leverage assets and secure a comfortable retirement is paramount. One such avenue that’s gaining attention for its unique benefits is the reverse mortgage (AKA: Home Equity Conversion Mortgage or HECM). Contrary to traditional mortgages, where homeowners make monthly payments to a lender, reverse mortgages…

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Greetings! In the world of personal finance, making savvy decisions can often be the difference between financial strain and freedom. One such decision that homeowners frequently contemplate is mortgage refinancing. With interest rates fluctuating and financial circumstances evolving, the concept of refinancing your mortgage can become a powerful tool in your financial arsenal. Today, we…

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Buying vs Renting: When considering the advantages of buying a home versus renting, there are several factors to take into account. Here are some key points that first-time homebuyers often consider: Equity Building: Buying: When you purchase a home, you are building equity over time. As you make mortgage payments, you’re increasing your ownership stake in…

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