Be aware of differences with reverse mortgage closings and set accurate expectations. More and more seniors are taking advantage of reverse mortgages to finance the purchase of their new home. And why not? If they have $200,000 available, and they don't want mortgage payments (who does?), they
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04/03/2014
The Importance of Good Financial Health in Retirement If you're planning retirement or already there, your financial health is up there in level of importance as physical health. And each has an impact on the other! Worry and stress from not being able to pay the bills or get out and enjoy life
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03/15/2014
Announcement on Fixed Rate HECM Reverse Mortgage Products Reverse Mortgage News update to previous blog post (below) Below are highlights from the Ginnie Mae All Participant Memorandum that was published yesterday, Monday, April 1st. In summary, Ginnie Mae will prohibit the inclusion of the
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03/08/2014
Many of my reverse mortgage clients want to purchase a condo or already own a condo and find their association is not FHA approved. For those who want to purchase, this is a deal killer because reverse mortgages on the market today require the association be FHA approved. For condo owners wanti
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03/01/2014
For your reverse mortgage purchase transaction to go smoothly, be sure you understand the guidelines before starting your search for a home. If you are the buyer / reverse mortgage borrower or Realtor helping with the process, study these important tips to assure closing on time and without heada
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02/25/2014
As a person in the reverse mortgage origination profession, I want to share what I do and what motivates me. In plain English, I help older homeowners realize financial security. My focus is on learning about my client’s financial details and needs and show them how a reverse mortgage may or ma
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01/20/2014
UPDATE ON April 27th: To qualify for this option, manditory obligations must be at least 50% of the principal limit. You may take an additional 10% in cash. The remaining funds will be available after one year and can be a line of credit or a monthly payment option with no minimum term. In t
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01/11/2014
I am please to announce that I am now a Reverse Mortgage Specialist at The Federal Savings Bank which is licensed nationwide. I can originate reverse mortgage is all states in the United States. So if you are interested in the HECM reverse mortgage for purchase or want to get rid of mortgage pa
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12/11/2013
Remember that old credit card commercial that enacted wonderful family events and examples of spending money that was ‘priceless’? That’s how I see reverse mortgages. The value of the many benefits reverse mortgages provide are often ‘priceless’. Or structuring a reverse mortgage in retirem
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11/16/2013
Seniors aren’t going to have any spending sprees in 2014 with the meager increase in social security benefits recently announced. The latest adjustment will add about $19 to monthly checks, taking the average benefit to $1,294, according to a CNNMoney article: Social Security benefits up just 1
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11/02/2013
