Team Hochberg Blog
Does The Real Estate Market Stop During The Holidays Season?
One of the biggest myths regarding real estate is nothing happens between Thanksgiving and the Super Bowl, which is nonsense. Realtor Lauren Dayton of Jameson Sotheby, real estate attorney David Schlueter and I had a great conversation regarding this topic on my show, Home Sweet Home Chicago which I think you will find interesting. Please…
Read MoreCredit Enhancement and Protection Tips This Holiday Season
Credit card and identity theft increases during the holiday season, because more consumers are out shopping. I had Gary Novel, the foremost credit expert who has helped thousands of radio listeners and our borrowers enhance and protect their credit, on my show to discuss these topics. The tips Gary provides during the interview apply to…
Read MoreFire and Carbon Monoxide Safety this holiday/winter season
Temperatures have been dropping the past thirty days, which means most of our borrowers who live in Chicago and other cold weather states will be firing up their fire places. It also means that snow and ice storms might knock out power and that people will be using generators to heat their homes. I recently…
Read MorePros and Cons of Reverse Mortgage Loans
For those who have followed me over the years or have heard me on the radio you know that I LOVE reverse mortgage loans, but there is so much negative baggage attached to this amazing loan program. These are the top six reasons I LOVE reverse mortgage loans; Enables experienced homeowners to pay off their…
Read MoreGreat NEWS for first-time homebuyers.
Attention all first-time homebuyers, which is anyone who has not owned a home within the past three years, I know that doesn’t make any sense but I don’t make the rules. If you are a first-time homebuyers at or below 100 percent of area median income (AMI) and below 120 percent of AMI in high-cost…
Read MoreReverse Mortgage Originators See Opportunity with Single Female Borrowers
By: Maggie Callahan The real estate market is seeing more activity from older, single – especially divorced – women, and the reverse mortgage industry is no different. Not only is the number of baby boomer marriages ending in divorce growing faster than other groups, but widows continue to outnumber widowers. Howard Frankel, senior reverse mortgage loan officer…
Read MoreReverse Mortgages Help Curb Retirement Risk for Divorced Women
by Alex Spanko Reverse mortgages have been increasingly pitched as a way to stave off the effects of so-called “gray divorce,” and a new research brief shows just how a split can put both parties’ retirement futures at risk — and how home equity benefits one demographic in particular. Households in which at least one…
Read MoreReverse Mortgage Originators Look to Emulate Lenders’ TV, Radio Success
by Maggie Callahan Big-name pitchmen like Tom Selleck and Henry Winkler have graced reverse mortgage ads for large national lenders for years, but local originators also have also found their own paths to success using TV, radio, and the internet. Michael Banner, the president of Professional Mortgage Alliance LLC in Clearwater, Fla., is no stranger…
Read MoreOriginators See Growing Reverse Mortgage Support from Adult Children
by Maggie Callahan As adult children become less debt-adverse and more involved in their parents’ finances, originators are noticing more receptivity and engagement from borrowers’ children during the reverse mortgage loan process. Laurie MacNaughton, a reverse mortgage specialist with Atlantic Coast Mortgage in the Washington, D.C. area, says more adult children are picking up the…
Read More21% of Boomers Lack Savings for One Month’s Expenses
by Maggie Callahan Yet another poll reveals that all generations feel unprepared when it comes to retirement savings — with 21% of baby boomers lacking adequate savings to cover one month of basic expenses, according to AARP. Co-commissioned with the Association of Young Americans, the “Three Generations Survey” asked baby boomers,Generation Xers, and millennials, a…
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