Mortgage lender Equity Resources opens Wilmington branch
23.09.18
The office is staffed with four loan officers and Sales Manager Pamm Jones.
WILMINGTON -- Equity Resources Inc., a full-service mortgage company with its home office in Newark, Ohio, is opening a branch at 3240 Burnt Mill Drive, Suite 9A. The office is staffed with four loan officers, MacRae Dunn, Freddy Dunn, Samantha Morris and David Starling, along with Sales Manager Pamm Jones.
“I am very excited about our new Wilmington team," said Regional Sales Manager Buddy Ratchford. "Altogether, they bring over 60 years of mortgage lending experience and I look forward to their future success.”
“I feel so fortunate to have joined a company that has the culture and expertise of Equity Resources," Jones, said, adding, “Their commitment to service and improving the lives of families aligns with my personal and professional goals, as well as those of my team. They truly care about their customers and their employees.
Source: http://www.starnewsonline.com/entertainmentlife/20180821/mortgage-lender-equity-resources-opens-wilmington-branch
Should You Get a Mortgage in Retirement?
23.09.18
Buying a new home in retirement isn't always wise
A mortgage is a big expense, and even if you do get approved for one, it isn't always the smartest financial move. Most retirees have lower incomes than they did during their working years, and many people underestimate how long this money will need to last them. By adding a mortgage payment to your monthly expenses, you could deplete your funds even faster, leaving you struggling to make ends meet in the last years of your life.
Evaluate your finances carefully before applying for a mortgage. Make sure you have enough money saved for retirement to comfortably sustain you for the rest of your life. Of course, no one can be sure exactly how long they're going to live -- so it's a good idea to overestimate just to be on the safe side.
You should also evaluate how much debt you have. Debt can hurt your credit score if you end up falling behind on your payments, and it raises your debt-to-income ratio. Both of these things can make it harder to secure a mortgage. Plus, debt places additional demands on your budget. If your debt spirals out of control, you may have trouble paying your monthly mortgage payments.
Source: https://www.fool.com/retirement/2018/08/17/should-you-get-a-mortgage-in-retirement.aspx
