Resolve to keep your family and home healthy in 2019

Did your 2019 resolutions include getting healthy—physically and financially?  Fix-It Fairs are FREE City of Portland events designed to help you reach those goals. The events occur between November and February at various locations around Portland, 9:30AM - 2:30PM. Ongoing exhibits and hourly workshops cover topics such as: Water and energy savings Safe and healthy home … Continue reading Resolve to keep your family and home healthy in 2019

What is a reverse mortgage?

reverse mortgage

A reverse mortgage** is a strictly regulated and insured Federal Housing Administration (FHA) loan specifically designed for seniors. A reverse mortgage allows homeowners who are at least 62 or older to access the equity in their home. Unlike a traditional mortgage or home equity loan, a reverse mortgage does not have to be repaid until … Continue reading What is a reverse mortgage?

Short-Term vs. Long-Term Interest Rates

The Federal Open Market Committee (FOMC) meets eight times per year to determine increases and decreases in the target Federal Funds Rate. The current target is 1.75% to 2.00%. The FOMC regulates this rate by controlling the amount of currency available in the US economy. The more money available in the marketplace, the faster the … Continue reading Short-Term vs. Long-Term Interest Rates