Mortgages and Divorce

Normally, this is something one researches only when already deeply entrenched in divorce. But, some forethought could preserve finances, and work to make a sometimes deeply contentious situation, less contentious. By utilizing calm decision making skills—free of emotion—both parties may be better prepared for their new lives. Time.com has some advice on their site.

 

Couple Fight Over House

Home Equity for Senior Citizens 16% Above Pre-Recession High

Seniors currently have $5.83 trillion in home equity, which is 16% above the pre-recession peak. Bankrate has a piece today detailing the new data, and what options it offers to senior citizens. President and CEO of the National Reverse Mortgage Lenders Association, Peter Bell, says “”For the millions of seniors without a pension, home equity is a valuable resource and can be an integral part of their retirement funding strategy.”

 

Home Equity Cloud

When is the Best Time to List Your Home?

Stan Humphries, chief economist at Zillow, says that early May is the peak time to list your home. Basing his advice on a lower inventory this year, he posits that increased buyer competition will result in a faster sale. Furthermore, Thursday is apparently the best day to list your home, because buyers are preparing to go shopping over the weekend. CNBC has an article and accompanying video worth checking out.

 

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