Blake Waverly

What is a Reverse Mortgage, and How Does It Work?

Rising interest rates, high inflation, the return of student loan payments and the disappearance of stimulus checks are making it hard to save. Americans’ average retirement savings in 2019 had a median of $65,000. That’s only a 2% increase from 2016. The increase in retirement savings doesn’t even cover the cost of average yearly inflation. …

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Teaching Kids to Save Money: 15 Tips to Build Healthy Financial Habits

Teaching kids to save money and build healthy financial habits can be a good foundation for a bright financial future. It is never too young to start laying solid financial foundation practices that will cause them less financial stress in the future. Before kids can save money, they need to make money and understand how …

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10 Ways to Make the Most of Your Home Equity Loan or Line of Credit

According to the most recent data from Freddie Mac, in the first quarter of 2021, the amount of home equity cashed out rose to $49.6 billion, the highest level since the 2007 housing boom. This statistic includes home equity lines of credit. Americans pulled out a total of $70.4 billion. You may be one of …

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How to Get a Second Mortgage for a Manufactured, Modular or Mobile Home

According to manufacturedhousing.org, the manufactured housing industry produced almost 95,000 new homes in 2019. Approximately 10% are new single-family starter residences. About 63% of new manufactured homes are placed on private property, and 37% are in manufactured home communities. The average sales price of a new manufactured home without land is $78,500. There were 4.06 …

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Types of bankruptcy

Types of Bankruptcies Explained: Which (If Any) Fits You?

Do you have severe debt problems? Are you underwater with credit card debt, have a mortgage you can’t manage, unpaid medical bills, outstanding personal loans, and other unsecured debt, or have your wages garnished? According to statistics from the Administrative Office of the U.S. Courts, the September 2021 annual bankruptcy filings totaled $434,540. Filing for …

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