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"Happiness is a place between too little and too much." ~Finnish Proverb

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Today's Community Review:

January 14, 2021

Kalmia Landing, Aiken, South Carolina

Aiken is in western South Carolina and is the location of Kalmia Landing, a small, homey, lushly landscaped 55+ community with single family homes, condominiums, a clubhouse, tennis courts, a swimming pool, neighborhood get-togethers and more.

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Previous Daily Reviews (More Below):

Villas at Five Forks, Williamsburg, Virginia

Charming Williamsburg is in southeastern Virginia and is the site of Villas at Five Forks, an intimate 55+ town home community with a lovely clubhouse and a park-like setting.

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Best Mortgage Lenders

Homeowners approaching retirement often have enough equity to sell their current home and buy a less expensive one outright. Some people, though, want to keep the cash from their home sale and finance a new home, while others might need a small or short-term mortgage to cover the gap between their available cash and a home's purchase price. If you do need a mortgage, it is important to choose the right one. Here are three of the best lenders.

Better Mortgage - According to Nerd Wallet, this mortgage company charges no commission fees and has no application, underwriting or origination fees. They also close most loans within 21 days, two times faster than the national average.

Quicken Loans - This mortgage company has a five star rating in the 2019 J.D. Power U.S. Primary Mortgage Origination Satisfaction Study and an A+ rating with the BBB. Quicken Loans has processed more than two million mortgages.

Vylla Loan - This mortgage lender has multiple loan programs for people with less than steller credit and considers alternative credit data, such as bank statements and rent payments.

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The Vineyard, Redding, California

Tucked in the shadow of the Cascade Mountains in north central California, Redding is the location of The Vineyard, a verdant, gated 55+ community with single family homes, two lakes, distant mountain views, reasonable HOA fees and more.

Plantation at Leesburg, Leesburg, Florida

In a north central Florida lakeside town not far from Orlando, gated, friendly 55+ Plantation at Leesburg has a variety of home styles, three clubhouses, two golf courses, lakes, a restaurant, lifestyle directors and more.

Lake Providence, Mt. Juliet, Tennessee

Outside of Nashville in north central Tennessee, Lake Providence is a gated, 55+ community with single family homes, town homes, a 15-acre lake and a wide range of amenities, clubs and activities.

Bonterra at Woodforest, Montgomery, Texas

North of Houston in southeastern Texas, Montgomery is the setting for Bonterra at Woodforest, a 55+ single family home enclave within Woodforest, a fast growing master-planned development. Amenities include a golf course, a lagoon-shaped pool, walking paths, planned events and more.

Olaloa, Mililani, Hawaii

On Hawaii's beautiful island of Oahu, Mililani is the site of Olaloa, a mellow, gated 55+ condominium community with 21 acres of green spaces, a swimming pool, a neighborhood garden, planned activities and more.

Alligator Park, Punta Gorda, Florida

On Florida's Gulf Coast, Punta Gorda is the site of Alligator Park, a low key 55+ cooperative with low maintenance mobile/manufactured/park model homes, a fishing and boating lake, a heated swimming pool, a chapel, a bounty of resident activities and more.

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Communities by State

Alabama   Arizona   California   Colorado   Florida   Georgia   Nevada   North Carolina   Oregon   South Carolina   Tennessee   Texas   Virginia   Washington  

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How to Qualify for a Reverse Mortgage

All borrowers must be at least 62 years old. The older you are, the more funds you can receive from a reverse mortgage.

You must live in your home as your primary residence for the length of the reverse mortgage. You must own your home outright or have at least 50% equity.

You must meet with a HUD-approved reverse mortgage counselor prior to applying for a reverse mortgage to learn exactly how a reverse mortgage works and how much it costs (fees, etc.). The counseling session is to ensure that the borrow completely understands how a reverse mortgage works.

Single family homes, manufactured homes built after 1976, condominiums that are FHA-approved and town homes are all eligible for a reverse mortgage.

You must show the financial ability to meet your loan obligations, including paying property taxes, insurance and HOA fees if applicable. You must also maintain the home.

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