By Scott Burton
There are limitless options when it comes to choosing reverse mortgage lenders. Almost every bank and financial institution offers their own service, and some outside companies will offer them as well. How do you make sure that you get the best deal and don’t get taken advantage of? There are certain factors that [...]
By Vickie Faria
Many people find themselves in financial trouble and unable to pay all of their bills from month to month. If you are currently in this situation you may be wondering what your options are to free up some of your finances and ease some of the stress that you are feeling. You might [...]
By Steven Moline
The new Administration in Washington recently passed legislation that changed the FHA Home Equity Conversion (HECM) Reverse Mortgage ‘Lending Limit’ to $625,500! Previously the FHA capped the Lending Limit at $417,000. The Lending Limit is the maximum home value used to calculate the benefit a senior can receive from a HECM Reverse Mortgage.
So [...]
By George Fisher
The reverse mortgage is fundamentally a financial-planning tool. There are millions of seniors that are house-rich and cash poor. They often have substantial equity in their homes but cannot access it without taking on the burden of payments, whether they use a conventional mortgage or pay the monthly interest on a “line of [...]
By Matt M. Borkowski
Most people want to leave a legacy in some form for their kids. When it comes to the reverse mortgage most are concerned about how much of the home’s equity will be left over after they pass away.
To recap how a reverse mortgage works, the reverse is a true negative equity mortgage. [...]
By Vanessa Born
Every loan is different. Some loans have a fixed rate, while others have a variable rate that can fluctuate over time. Therefore, since every loan is different, there are many things to take into consideration when choosing which one is the right one for you, because you likely do not want to look [...]
By Vickie Faria
There are many perks that come along with being a home owner. You have the freedom of choosing how you will landscape your yard, what color you will paint the outside and inside of your home, how you will decorate and so many other things. You may also have financial options available that [...]
By Kevin Reichard
Let’s discuss something that has been in question more and more by seniors I am visiting…the notion that the FHA Reverse Mortage is a fraudulent product designed to steal homes.
While we all know that the protections in place do prevent a large amount of fraudulent activity, examination of what is ‘possible’ is something [...]
By Vickie Faria
If you have just purchased a new home, you are probably giddy with excitement at the thought of moving in. You probably already have grand plans for how you will decorate and paint every room in the home as well as how you will landscape the outside around your lot. If you did [...]
By Vickie Faria
There are many things to think about as a home owner, such as if you will have enough money each month to make your house payment, as well as if you will have any money left over after making your house payment for other things that you would like to, or need to, [...]
