We understand that buying a home might not be a viable option for some people, but there are so many benefits to buying a home instead of paying monthly rent that you may not know about! Our experts at Penny Lane Financial can connect you with awesome realtors and can help you find a mortgage that works for your needs. We can also make sure you're covered with renters and homeowners insurance. Whatever you need, we're happy to help. So, why should you buy a home instead of co

What is a Reverse Mortgage?* A reverse mortgage is a national program available to homeowners age 62 and older providing you access to your home’s equity without having to make monthly mortgage payments. This program is available for your primary residence. You must continue paying your property taxes and homeowners insurance. How much can I qualify for?* The amount of funds available through a reverse mortgage loan is based on the youngest spouses age and the appraised val

It is very important to know your terms before applying for a mortgage . Bookmark this tab on your computer so that you can reference these terms at any time before or during the mortgage process. Appraisal : A rough estimate of how much the home is worth. Appraisals are required by lenders before a home loan can be signed. The appraisal tells the lender how much can be loaned to the borrower. Appraisals come from an independent third party, not the lender. Principal: The s

By now, if you're reading this, you probably know who we are. But do you know what we actually do? Aside from having “Financial” in our name, how do we help people? Here’s a quick breakdown of our services and why they should or could be important to you: Retirement Planning – Many Americans are not as prepared for retirement as they might like to be, or actually need to be. What does your retirement look like financially? Where will your income come from? What about your he

As you or your loved ones begin to grow older it is important to feel safe and secure about your financial situation. At Penny Lane Financial we have specialists that are here to help create a secure retirement plan that works for your specific needs, and a reverse mortgage just might be part of that plan. A reverse mortgage can offer peace of mind that financial stability and a comfortable standard of living are maintained while income may slow, medical expenses increase,

There are trends that suggest that many American households are not as prepared for retirement as they should be. With rising costs of living as well as longer life expectancy, more and more people are finding themselves and their family members coming up short on funds to secure a comfortable retirement . Penny Lane Financial is excited to help you navigate the rough waters of preparing for retirement in hopes to make way for smooth sailing. For some, a reverse mortgage m

This is a great time to consider the following: Refinance by lowering your existing loan rate or term, pay off secondary debt, finance impro

Making a Realistic budget and withdrawal strategy while boosting your retirement cash flow.

DO Contact your insurance agent early in the process and inform them of your new home purchase. Do promptly provide all documents (ALL PAGES

The ceiling limit for “high-cost areas”, including King and Pierce counties, will be $726,525. These new limits give borrowers more purchasi

In September the Federal Reserve raised its benchmark fed funds rate to 2.25 percent, and has indicated it will further increase this interest rate to 2.5 percent in December 2018, 3.0 percent in 2019, and 3.5 percent in 2020. How will this affect you? The Federal Reserve rate hikes mean banks will pay you a higher interest on your savings. But they will also charge you more for loans. Here are six steps to take now while interest rates are on the rise. 1. If you need to bu