If you are over the age of 45, then chances are you are thinking about staying in the home you are currently in far into your retirement years.
That is according to a recent study highlighted by HousingWire, that found that more than 50 percent of Baby Boomers desire to stay in the home they are in now. Additionally, the study found that many Baby Boomers are unclear about options when it comes to housing for seniors. Maintenance and property taxes are some the financial concerns Baby Boomers have about housing, according to the study.
The study analyzed responses from 1,068 people who were 45 years or older.
If you are a Baby Boomer who plans to stay in your home over the long-term and are concerned about finances, a refinance could be an option. Nationwide, many homeowners are currently refinancing because of falling interest rates*.
There are various options for those who plan to stay in their home several years and are interested in paying less on a monthly basis. If you aren’t sure about what your options are, make sure to connect with one of our knowledgeable loan officers. At Element Mortgage, we have extensive experience helping homeowners and homebuyers in the Seattle/Renton/Tacoma areas.
Contact us today to get started.
*©2019 American Pacific Mortgage Corporation. All information contained herein is for informational purposes only and, while every effort has been made to ensure accuracy, no guarantee is expressed or implied. Any programs shown do not demonstrate all options or pricing structures. Rates, terms, programs and underwriting policies subject to change without notice. This is not an offer to extend credit or a commitment to lend. All loans subject to underwriting approval. Some products may not be available in all states and restrictions apply.