What Is a Reverse Mortgage?

Growing older can be an expensive proposition, complete with rising healthcare costs, home improvement projects, keeping up with living expenses, and paying down debts. For older homeowners, it may be tempting to find a way to use built-up home equity as a source of cash.  Home equity is an enormous source of wealth for older Americans. In fact, adults 62 and older held $6.5 trillion in home equity in the third quarter of 2017, according to //READ MORE

2019-11-11T15:21:15-06:00November 19th, 2019|Community|

2019 Consumer Bankruptcy Trends to Keep an Eye On

Understanding consumer debt and bankruptcy trends is a key part of understanding the overall health and well-being of the U.S. economy. These important economic indicators can be a bellwether of things to come, both good and bad – while also helping observers gain a clearer perspective on where we’ve been.  So, what consumer bankruptcy trends, statistics, and stories have we been keeping an eye on? As we prepare to wind down 2019 and look ahead to //READ MORE

2019-10-28T15:33:21-05:00November 7th, 2019|Community|

Investment Property Vs. Second Home

Maybe you’ve always had dreams of owning multiple homes in different cities across the globe – you know, a beachfront property in Malibu, a gleaming penthouse in New York, a cozy cabin in Telluride.  Perhaps your goal has always been to retire as a “snowbird,” and spend the chilly half of the year in California, before coming back to Chicago for a sunny spring. Or, perhaps, you’re the sort of person who’s always aspired to own //READ MORE

2019-10-21T15:50:09-05:00October 31st, 2019|Community|

Applying for Credit After Bankruptcy: Key Things to Keep In Mind

Bankruptcy is intended to give debtors some breathing room, and the chance at a fresh start. The bankruptcy process can allow debtors to discharge certain debts and restructure other obligations, to make them less of a month-to-month burden. This way, the debtor can move forward as a productive member of the economy once again – and often, that is going to include taking on new lines of credit over time.  For debtors looking to move on //READ MORE

2019-10-21T15:42:08-05:00October 29th, 2019|Community|

Looking Out For Debt Relief and Credit Repair Scams

When you’re facing mounting debts, every ringing phone or trip to the mailbox can become a stressful ordeal. Debt can impact just about every aspect of a person’s life – including your overall health and well-being. If you’re feeling trapped under burdensome debt, it’s only natural to start looking for ways to get out from under it all – or, at the very least, to find a solution that may make your monthly obligations more manageable.  //READ MORE

2019-10-14T16:30:48-05:00October 24th, 2019|Community|