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Age is no barrier for mortgage applicants

By Mike Wheatley | January 23, 2020
Many older citizens do not realize that they could still qualify for a mortgage, even though discrimination against applicants based on their age is forbidden by the Equal Credit Opportunity Act. Indeed, even some mortgage professionals are unaware of the rules, it seems. The Wall Street Journal relates the case of Mary Babinski, a senior […]
Home Buying, US Real Estate

Contrary to popular opinion, most baby boomers aren't looking to downsize

By Mike Wheatley | May 8, 2019
The common perception that retirees are thinking of downsizing and moving to urban areas might be a myth. Instead, most baby boomers actually have similar ideas to millennials and Generation Xers, a new study has found. The survey by Del Webb, a builder of active-adult communities owned by the Atlanta-based PulteGroup, found that most homeowners […]
Real Estate, Residential, US Real Estate

Baby boomers could struggle to downsize from their 'supersize' homes

By Mike Wheatley | March 26, 2019
Baby boomers who have built “supersized” homes for themselves may find it difficult to sell when they want to downsize, according to a report in the Wall Street Journal. The report adds that some sellers are resulting to steep price cuts in order to attract prospective buyers. Around 15 years ago, just before the Great […]
Mortgage, US Real Estate

When the Time Comes for a Reverse Mortgage

By Brian Kline | May 9, 2017
Baby boomers are retiring at a rate of about 10,000 per day (more than 3.5 million a year) and will continue doing so for the next decade. According to a report by the Economic Policy Institute (EPI), the average household
Real Estate, US Real Estate

Retirees weigh up renovation vs relocation

By Mike Wheatley | April 20, 2015
A recent report revealed that as people edge towards retirement age, the more they value the emotional connection to their home rather than the financial value.
Featured News, Real Estate, US Real Estate

All Bets on Boomers as Millenials Struggle to Buy

By Mike Wheatley | December 19, 2014
While younger people increasingly delay home ownership, baby boomers are stepping in to fill the void.
Mortgage, Real Estate, US Real Estate

More Retirees Fail To Pay Off Their Mortgages

By Mike Wheatley | November 6, 2014
A new Census Bureau report shows an alarming rate of older households carrying home debt well into retirement, and the amount of debt they're carrying has risen over recent years.
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