Tag: managing wealth

How to House Aging Parents: Affordable Solutions Revealed

Posted on by Evan in Swanson Home Loans Blog - Mortgage Rate Updates and More

Did you know that advancements in healthcare are extending our life expectancy? This means more of us will be figuring out how to house our aging parents.

In the next 5-10 years, the number of Oregonians over 85 will more than double! This could be a challenge for many families. But don’t worry, I’ve got a solution for you!

Introducing the Fannie Mae and Freddie Mac Family Opportunity Loan Program! This program allows adult children to purchase a home for their aging parents with as little as 5% down and at primary residence interest rates. It’s an affordable way to provide comfortable housing for your loved ones while also building wealth over time.

If you’re trying to figure out how to house your aging parents affordably, reach out to me today! I’d be honored to help.

Ballenger’s tic-tact-toe metaphor

Posted on by Evan in Personal Finance

From the book “Borrow Smart Retire Rich“-

The first time you played tic-tac-toe, did you win or lose?  How about the second time?  I’d guess that the first time someone showed you the game, you probably lost.  I’d also guess that the second or third time you played, you were less likely to lose.  Eventually, when both players understand the rules of tic-tac-toe, the winner is the one who can maintain their focus.

Like tic-tac-toe, the rules of managing wealth in the house are very much within your reach.  Once you realize that you’re playing a game, you’ll be more likely to want to understand the rules.  You can spend your entire life playing a game without realizing it.  Or, you can learn the rules and choose to play with a higher degree of awareness.