Oregon’s housing crisis is a pressing concern, and the influential role of baby boomers is undeniable. The state currently faces an alarming shortage of nearly 6 million homes, a complex issue fueled by a convergence of factors creating a challenging environment for home inventory. These factors encompass: The weight of student debt can hinder qualification…

Brad Eaton from HomeSmart Realty Group is one of our trusted Oregon real estate advisors. Selling your home as a senior can be fraught with worry, but Brad and his team have garnered a reputation for personalized care and tailor-made approaches to selling homes, aligning with clients’ preferences. We sat down with Brad to delve…

Downsizing in Oregon is different for everyone and is often bittersweet. According to NAR, 39% of home buyers in 2019 were seniors: seniors are moving and their goal is often to find a more manageable living situation that will allow them freedom in retirement. With that can come a lot of big decisions and the…

Historically, it hasn’t been easy to get a condo project FHA approved. FHA has many rules and requirements that many associations are not able to meet.  HUD has been under increasing pressure to tweak the requirements to allow more people to achieve the American dream of homeownership. On august 14th 2019, HUD announced new changes in Docket…

In times of critical health, legal, or financial needs, seeking guidance from a specialist is often the best course of action. Jeff Foody, the President and Owner of Northwest Reverse Mortgage in Clackamas, Oregon, believes the same principle applies to reverse mortgages. As an experienced reverse mortgage specialist, Jeff Foody brings over 2 decades of…

The Oregon property tax deferral program offers relief to eligible seniors and disabled citizens by allowing them to delay paying their property taxes, albeit with interest. A notable drawback has been the inability of program participants to retain their deferral status while pursuing a reverse mortgage on their property. However, this obstacle is about to…

When you are 55 or older, home repairs can get tricky. Some things are just too hard or dangerous to undertake on your own anymore. It’s not worth the risk to climb a ladder, mess with the circuit breakers, or get up on the roof or under the house anymore. When you have big plans to…

The notion of downsizing carries profound implications, especially as retirement approaches. It’s the little things that weigh big on your mind: What do you do with the door with all the kids’ growth marks on it? Will the new owners cherish the patina that life has brought to your kitchen cabinets or tear everything out? Should you…

Reverse mortgages, a financial solution with intricate origins, are a multifaceted loan program that carries a checkered history. To thrive as a reverse mortgage loan officer, a comprehensive grasp of the entire program and history is essential, transcending a mere understanding of the loan product itself. The evolution of the reverse mortgage landscape has been marked…