All about Properties

Oh man oh man the subprime market is sure getting shook up with lender going straight to A paper and other closing their doors or being bought out.  It sure sending some mortgage professional running because subprime as been all they know for many years.  I say chill out stick around and ride the...

You have a choice of payment options. You can receive fixed monthly payments for as long as you live in your home or for a predetermined period of time. You can receive a lump sum payment at closing.   The most commonly chosen option is a line of credit which allows you to access your reverse mor...

The proceeds can be used for any purpose.  You can payoff your existing mortgage and other debts, perform needed home improvements, travel, put your grandchildren through college, or simply have the money available as a safety net in the event of unexpected expenses. Let face it, it seems the ol...

All parties on title must be 62 years or older and reside in the property.  Your home must be in reasonable repair.  Your home does not have to be fully paid for but you usually must have 50% equity or more in your property.  Based on your home value, your age(s) and current interest rates, a ce...

I have started a new leads program with my company but sometime they send me Spanish leads.  I don't speak a lick of Spanish so I am giving them away.Here are the rules.Must be a Loan Officer- as I am female and a minority the first lead goes to someone that fits both those categories.  Everythin...

Just when I was about to through my hand up at 2007 things started looking up.  Yesterday I was honored when one of the officers from my Old command called me up and told me that my old commander was thinking of refinancing and he brought my name up and he wanted to speak with me.  When we conta...

Reverse mortgages were specifically created to help senior homeowners more easily access the equity in their homes.  Many seniors have accumulated large sums of equity in their home over a period of years but either no longer qualify for traditional bank financing or do not want another monthly ...

                                           A reverse mortgage is a mortgage that allows senior homeowners to access the equity in their home without qualifying or having to make regular monthly payments.  Based on their age, the value of their home and current interest rates, a certain percentag...

Hi everyone it's been a while since I have written a blog.  Part of the reason is I have been immersing myself in Reverse Mortgage.  I think I have finally found my niche.  I love working with older borrowers because they really show their appreciation when you have done a great job. So I am goin...

    $50,000 $100,000 $150,000 $200,000 30 yr Fixed 7.75% 358.95 717.16 1075.36 1433.57 30 yr I/O Fixed 8.1% 337.5 675 1012.5 1350.00 5 Year Arm  7.25 % 341.91 683 1024.09 1365.18 5 Year Arm I/O  7.6% 316.67 633.33 950 1266.67 2 Year ARM  7% 333.52 666.17 998.82 1331.47 2 Year ARM I/O 7.35% 306.2...