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Should You Rent or Buy a Home?

Hank and Hannah Homeseeker are considering buying a $225,000 house. They’re currently renting for $1,300 per month. There are many factors that could sway their decision, but which decision would make the most financial
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New Ways of Thinking About Reverse Mortgages

Reverse mortgages used to be considered a cash-flow option of last resort. That perception is changing, due to new regulations that have made them safer, as well as new cash-flow strategies that appeal to younger retirees.
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The Refinancing Train Is Leaving The Station

It's been roughly 18 months since SMI last looked at the ins and outs of refinancing a home mortgage. But some things have changed since then that merit taking another quick look at the issue. What's changed? Interest
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When Is it Advisable to Prepay Your Home Mortgage?

A home is typically your most expensive asset, largest expense, and most valuable tax deduction. So, all financial decisions related to your home are extremely significant. When buying, SMI recommends putting at least 20%
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Is a Reverse Mortgage Right For You?

Anyone in or near retirement who has plenty of home equity but not enough income has likely heard the reverse mortgage (RM) sales pitch: "Unlock" some of that equity, taking it tax-free with no obligation to pay it back
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