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Special Tax Break for Seniors Over Age 70 1/2
Erin Meredith, CMPS® The Meredith Team Danville, CA 94526 925-918-0585 direct 925-918-0585 alternate 925-226-3215 fax erin@cmgmortgage.com http://www.cmgmortgage.com Special Tax Break for Seniors Over Age 70 1/2 In 2009, many taxpayers over age 70 1/2 are allowed to skip one year of withdrawals from their retirement accounts without penalty! Typically, you must take minimum... [Read more]
SHOPPING AROUND FOR A MORTGAGE
SHOPPING AROUND FOR A MORTGAGE Here’s the inside scoop on how to do it right. Erin Meredith, CMPS® The Meredith Team Danville, CA 94526 925-918-0585 direct 925-918-0585 alternate 925-226-3215 fax erin@cmgmortgage.com http://www.cmgmortgage.com Always make sure you are working with an experienced, professional lender. The largest financial transaction of your life is far... [Read more]
Top 6 Things to Know When Investing in Real Estate in Retirement
Thursday, November 05, 2009 Top 6 Things to Know When Investing in Real Estate in Retirement FOXBusiness Kathryn Elizabeth Tuggle With the real estate market seemingly ripe for the buyer, many investors are turning to property as a long-term asset. For those nearing retirement, owning a home can provide an extra layer of security, but it’s not without... [Read more]
A new way to pay off your house
A new way to pay off your house Accelerator loans, common in Australia and the U.K. but new to the U.S., use special accounts that encourage borrowers to apply all extra money toward their mortgages. The savings can be big. A different type of home loan, called a mortgage accelerator, has migrated to the United States. It uses home-equity borrowing and a borrower’s... [Read more]
A Reverse Mortgage…..Is It Right For You?
A little pitch and the basics of the loan: Although this sounds too good to be true, Americans 62+ can now use the equity from the sale of their previous home, or other cash or savings, to move into a different home – just with a single down payment. You will never have to make another mortgage payment, as long as you remain in the home and pay your property taxes and insurance. Imagine the financial... [Read more]
