There are a variety of money issues that can affect seniors, including:
If you are a senior or know senior facing money issues, it is important to seek help and support. Resources available, such as financial advisors, credit counselors, and community organizations, can provide assistance and guidance.
Are you seeking a safe and secure way to save your hard-earned money? Certificates of deposits (CDs) are a smart option to maximize your savings as they provide higher interest rates than traditional savings accounts. In this blog post, we will guide you through the advantages of CDs, factors to consider when choosing a CD, … Read more
Reverse mortgages can be a powerful financial tool for seniors, allowing a safe way to access their home equity without having to sell their property. This beginner’s guide seeks to provide an introduction to reverse mortgages and the valuable information you need to know as you consider this option for your retirement needs. We’ll cover … Read more
If you have bad credit and want to get a credit card, it can appear daunting. You may be uncertain of the best way to go about obtaining a card with your current financial situation. Here are five steps you can take to get a credit card with bad credit that will ensure you have … Read more
If you are considering taking out a personal loan, then you should consider taking out a short-term loan. A short-term personal loan can offer various benefits, from quick access to funds to improved credit scores. In this blog post, we will discuss five key reasons why taking out a short-term personal loan can be beneficial. … Read more
How Real Estate Crowdfunding can Generate Passive Income If you’re a long-time reader of this blog, you already know that I think passive income is one of the best ways to grow your personal wealth and find financial freedom. So today, I want to introduce you to an investment strategy with long-term potential for passive income: real … Read more
In 2022, millions of retirees are going to get a boost in their Social Security benefits. At 5.9%, this is the largest cost-of-living adjustment that has been made in nearly 40 years. The coronavirus pandemic led to an economic meltdown throughout the world, which has resulted in staggering inflation in the U.S. If you receive … Read more
One standout benefit of serving in the military, National Guard, or Reserves is your qualification to apply for a VA mortgage. Administered through a broad range of lending institutions, VA loans are guaranteed by the federal government. That’s why they usually feature lower interest rates and more flexible qualification standards. Many service members buy their … Read more
Quick Facts All of the costs rolled into the loan No down-payment required Buy an existing home or build a new home Income limits exist Who can apply for USDA Loans?? If you have a household income that does not exceed 115% of the AMI (area median income); you can check the income limits in your … Read more
Two Kinds of Mortgage Points There are two main types of mortgage points. In this Senior Affair article, we answer what mortgage points are and how it works. Before we get into it, let’s remove the concern about origination points from the conversation; they aren’t the object of this discussion. Origination points are the fees … Read more
How Do You Qualify for A VA Loan? Currently, there are over 20 million veterans taking advantage of these no money down payment loans since 1944 when there were originally established. VA loans may be the most unique and attractive loan on the market today. With 22 Million people qualifying for the VA loan benefit, … Read more
