Mortgages

Discover tailored mortgage solutions for seniors designed to fit retirement lifestyles. Options like reverse mortgages or low-interest refinancing can provide financial flexibility, home equity access, and peace of mind. Empower your future with smart senior-focused mortgage plans!

Latest Articles 3 Articles

Mortgages - Dec 30, 2024 Current Mortgage Rates in December 2024: Trends and Outlook

Image of a senior woman calculating mortgage interest

As of December 2024, mortgage rates are averaging around 6.8% for 30-year fixed loans and 6.1% for 15-year fixed loans, with rates expected to ease down in the coming year due to economic factors and Federal Reserve actions.

Mortgages - Dec 06, 2024 Home Mortgage & Home Equity Line of Credit Deductibility for Seniors: Tax Benefits Explained

Homeowners can potentially enjoy tax benefits through mortgage interest deductions and home equity line of credit (HELOC) interest deductions. Understanding the specific rules and limits on these deductions can help you maximize your savings and make informed financial decisions.

Mortgages - Dec 04, 2024 Reverse Mortgages for Seniors: Pros, Cons, and What You Need to Know

Picture of a paper heart with a drawing of a senior couple with canes

Reverse mortgages provide seniors access to home equity as cash, offering financial flexibility without monthly payments. Options include lump sums, monthly payouts, or credit lines. While they reduce future inheritance and accrue interest, they can support income needs or homeownership goals.