Am I purposely not doing special things like going out to eat, or going on vacation because of my tight budget?
I am concerned about losing my house to nursing home/long-term care issues
I’m concerned about running out of money before I run out of life. I am purposely not doing family/special things because of my limited income.
Would I like to have a condo, lake house, or a place where it is warm in the winter?
Am I purposely not doing special things like going out to eat, or going on vacation because of my tight budget?
I am concerned about losing my house to nursing home/long-term care issues
I’m concerned about running out of money before I run out of life. I am purposely not doing family/special things because of my limited income.
Would I like to have a condo, lake house, or a place where it is warm in the winter?
Many people feel that paying off their home and having no mortgage with lots of equity is the Holy Grail of retirement. Several people wait until their home is paid off before they retire and then feel they are safe to do so. The truth is that home equity is good, but it is not great because it is not liquid. In the face of fluctuating home prices along with nursing home and long-term care threats, it is typically better to have your equity in cash and in a form that you can control instead of relying on uncontrollable factors.
With people losing their homes in the depression era of the ‘30s and in the latest round of the housing foreclosure crisis starting in 2008, there are many people who feel that having a paid-off home in retirement is the safest way to go. The fact is that when a reverse mortgage enters the picture, the rules change because there is no payment and no risk of foreclosure as long as you live in the home as your primary residence and pay insurance and property taxes and maintain the home.
Marie Bjornson and her team will help you choose the financing that’s best for you and your family. They save you time by streamlining the loan process, and keeping everything schedule, so your home purchase — and your loan — close on time. Almost all our business comes from clients who refer their family and friends because they know they can trust our experience, dedication, and integrity.
Marie Bjornson Mortgage Team
NMLS#111765
112 Prospect Street Bellingham, WA 98225
(across from old Whatcom Museum)
Phone: (360) 676-9600 Fax: (360) 392-6111
Monday – Friday 10.00 – 5.00
Marie Bjornson,
CPA, Certified Mortgage Planner
NMLS #111765
Marie Bjornson,
CPA, Certified Mortgage Planner
NMLS #111765
Fairway Independent Mortgage Corporation (“Fairway”), NMLS#2289
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