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What Are Closing Costs?

What Are Closing Costs?

What Are Closing Costs? Closing costs are one-time expenses associated with the purchase of a home. If you’re settled on purchasing a home, you have to account for these extra outlays in your budget. A common mistake for homebuyers is to underestimate the amount...
What is a Reverse Mortgage and Who is Eligible?

What is a Reverse Mortgage and Who is Eligible?

As our senior citizen population expands amidst widespread financial challenges, you might be wondering, how will this significant population financially sustain themselves, post retirement? One practical option for those seeking a source of income at this stage of...
What is Bridge Financing?

What is Bridge Financing?

What is Bridge Financing? For most people, the first home they purchase will not be the one they will live in forever. At some point in time, they may decide to upgrade or downsize or move to a new city. The usual process is to first sell the old home and use a...