Ishakis Finance Report Mortgage Broker Brooklyn
Loan Officer Yael Ishakis’s take on mortgage and finance news.
So you are soon to be an empty nester! With the kids flown from the nest, it’s your time to welcome a new chapter of freedom and flexibility. Whether you’re looking to downsize to a cozier space or relocate to your dream destination, navigating the mortgage landscape can seem overwhelming. There is no need to… Continue reading Mortgage Tips for Empty Nesters: Downsizing and Relocating
If you have been in your house for a long time, there is a great chance that you have paid off almost the entirety of your mortgage. Furthermore, your home may have even gone up in value by tens of thousands of dollars.
If you’re moving from a large home into a smaller house or condo, you’re probably looking forward to enjoying a lower heating bill and not having to do as much cleaning. But before you move, you’ll want to take certain precautions to ensure that you’re not overwhelmed.
After the children are all grown and moved out, the family home often feels excessively large and empty. If you’re in this stage of life, you may be wondering if you should downsize like so many others, or stay put. Downsizing may be the best option, depending on your lifestyle.
With Baby Boomers already rolling into retirement and Gen X looking forward to shrugging off the stress of the 40-hour work week, downsizing could be a strategic move.
Instead of going for larger homes, which was an overwhelming trend in years past, many people are choosing micro-dwellings.