Real Estate

Retirement is a time for relaxation, adventure, and enjoying the things you
love. As you imagine this exciting new chapter in your life, it’s important
to think about whether your current home still fits your needs.

Everyone’s vision for the future is personal and unique. But for many,
common goals include success, freedom, and prosperity — values closely tied
to having your own home and the iconic feeling of achieving the American
Dream.

There are a few key things you’ll want to avoid after applying for a
mortgage to make sure you’re in the best position when you get to the
closing table. Don’t change bank accounts, apply for new credit, make any
large purchases or transfers, and don’t co-sign loans for anyone. Here’s a
good rule of thumb. Always connect with your loan officer before making any
financial decisions once you’ve started the mortgage process.

Even if you didn’t own a home at the time, you probably remember the
housing crisis in 2008. That crash impacted the lives of countless people,
and many now live with the worry that something like that could happen
again. But rest easy, because things are different than they were back
then. As Business Insider says:

If you’re thinking about selling your house, here’s something you really
need to know. Even though it’s still a seller’s market today, you can’t
pick just any price for your listing.

In life, patience is a virtue – but in the world of homebuying, waiting too
long in hopes of finding the perfect home actually isn’t wise. That’s
because the pursuit of perfection comes at a cost. And in this case, that
cost may be delaying your dream of homeownership. As Bankrate explains:

Insulating old homes is a major part of maintaining affordability and
functionality. Follow these best practices to begin addressing the old
materials.

Owning a second property may require some extra time and investment, but
for many, it’s a lucrative opportunity that can be incredibly rewarding.