You have decided you are not ready to give up homeownership, but your current house does not meet your needs. What is the best way to purchase your next home? Cash? New mortgage? Reverse mortgage? What are the differences?

Are there things about mortgage lending that you have always wanted to know but were afraid to ask?

Questions that often come up regarding home financing that will be addressed include:

What’s the difference and advantages between a “cash Out” refinance and a Home Equity Line of Credit?
Why do you have to have an appraisal done when refinancing?
Is a Reverse Mortgage a good thing? What are some of the reasons for “Yes” or “No?”
Why to consider having a Home Equity Line Credit in place?
Why are Condominiums harder to finance?
What are the Pros/Cons of a HELOC vs a Reverse Mortgage?
Should I payout my existing mortgage with a recently received inheritance?
Why did interest rates go up so much and so fast? What is the projection for next year?
What is a TITLE LOCK? Is it a scam?

Tuesday Nov 11th @ 10am
Fayetteville Public Library
https://lighthousegroupnwa.com/senior-seminars-events-arkansas/
Call 479-717-7710, ext 3