RECENT BLOG POSTS
Buying a home in Hemet with a reverse mortgage is not too much different than buying a home with any other financing. There are some differences, but the basic thing to keep in mind is that the bank will be making a loan on the property and the buyer has to come up with the difference between t...
12/11/2010
I sometimes hear from people that a reverse mortgage just sounds too good to be true. That can make them suspicious. The reality is that a Reverse Mortgage is just a mortgage. Here is one of the most common questions I answer every day: When do I have to repay the loan? A HECM loan must be rep...
12/06/2010
3
Comments
A reverse mortgage is a special type of home loan that lets you convert a portion of the equity in your home into cash. The equity that built up over years as you made your mortgage payments can be paid to you. But unlike a traditional home equity loan or mortgage, no repayment is required until...
12/05/2010