If any of those scenarios sound familiar, it might be time to upsize your home. But is expanding right for you?
For years, con artists have preyed on the elderly, claiming to be their grandchildren and in trouble with desperate need for money. This is the traditional grandparent scam and it dates back to as long as grandparents have had home phones. Scammers know that grandma will do anything to help out, and they also know members of “the greatest generation” are excellent marks for phone scams. In the traditional version of this scam, someone calls and tells the grandparent their grandchild has been jailed for a minor offense in a foreign country or has had a medical emergency befall them. Of course, other situations that would present an immediate need but be very hard to quickly verify are also used, so there is no one sure tell based upon circumstance.
What about when we don’t have any specific investments in either area? How might it affect us then? Below are some of the people likely to be affected by the economic news of China’s struggles last week. Some it will hurt, some it will help and some we’ll have to wait and see.
But you could also get a great deal on home fixtures and appliances very soon. Chinese factories need the cash, and with their domestic housing bubble bursting, you’re the only one left to buy that amazing new washer/dryer. What if you moved up your remodel to this fall? You could be looking at glorious home goods at ridiculous prices.
Talk to Destinations Credit Union about automobile and personal loans. Get one of the lowest loan rates in the Baltimore area in addition to the cheaper cost of the goods you want to buy. Let’s see if we can help you capitalize on this opportunity.
As you face your back-to-school expenses, don’t forget that Destinations Credit Union can help with your student loan financing!
Whether they want to get more sun, get closer to grandchildren or downsize their home to cash out some equity, Baby Boomers are moving more often during their first few years after retirement than did the previous generations of retirees. The final year in the workforce can feel a lot like moving, as individuals run themselves ragged trying to make last-second arrangements, finalize budgets and journey into a yet-unexperienced phase of life. So retirees who are moving often have twice the stress, too. Leaseback arrangements, a staple of commercial real estate, have become far more popular as Boomers retire, allowing retirees to eliminate some of the stress and uncertainty involved in moving during retirement.
How it works
Benefits for home sellers
Benefits for homebuyers
Then, talk to your realtor about a leaseback arrangement. Many realtors offer temporary leaseback agreements as a standard part of a sale, so even if they haven’t arranged a long-term leaseback before, it should be a piece of cake.
As we reach the dog days of summer, many of us are facing the consequences of our springtime procrastination. For the next few months, we’re going to have to either spend every weekend on the home improvement projects we’ve been putting off or spend the fall and winter with a half-finished patio. Again. It’s tempting to put down your toolbox and pick up your checkbook, but before you do, make sure you can trust the person you’ll pay to do the work.
Saving money is a lot like losing weight. It’s no fun, requires sacrifices and no one at a dinner party wants to hear about your plan. For many first-time home-buyers, trying to save enough money for the down payment on a house can seem like a diet that won’t end. It might even be tempting to click one of those email links that promise magical results, even though you know there’s no magic pill for weight loss and no magic plan for saving money.