JoAnn Moore's (simplyhomeloans) Blog

Reverse Mortgage – The Home Pension PlanIn Europe, the term for reverse mortgages is the home pension plan. It really is a way to plan and handle your finances in retirement. There is no limit on how you can use the funds from a reverse mortgage. One great strategy to boost your income would be t...

A few years ago Reverse Mortgages were not viewed in a positive light.  Media coverage focused on the few cases where the borrowers didn't understand that even though they didn't have a mortgage payment; they did need to pay their property taxes and insurance. Things are done differently now to h...

Understanding Mortgage Rate Buy Downs The 2-1 and 3-2-1 buy down terms have been popping up all over since interest rates increased last year. It is a great strategy allowing the new home owners to ease into a higher monthly payment. The sellers of the home provide funds to the buyer to be able t...

Funds Available for Sussex County Home Buyers SUSSEX County Council’s Housing Trust Fund is helping home buyers with funding their down payments and/or closing costs. These funds are offered at zero interest. If the home buyer lives in the home for ten years the note is considered satisfied. The ...

How to Prepare for a Home Loan First, decide on a good place to keep all of the information; a file folder, box or on your computer. Just make sure you can access it once you are ready to start looking for a home. Have a soft pull of your credit done to find out if there are any errors. Look it o...

Celebrate MomThis Mother’s Day, why not do something special and unexpected?Schedule a session with Mom and the Kids, Multiple Generations, or Just Mom! Mom will have a lasting memory of her special day and a gift your family will cherish for years to come.Schedule your photo session or purchase ...

 Living Large with a Lower PaymentYes, that’s right. You can purchase or refinance the home of your dreams and pay interest only for 10 years. You can choose to refinance at the 10 year mark, sell the home, or start paying the principal and interest payments for the remaining 20 years. The beauty...

Not Your Everyday Home Loans-Opportunities for Self employed, passive Income Earners, and Investment Property OwnersIf you are paid with 1099 income, are self employed, have passive income or own investment homes, there are loans specifically for your situation. A lot of people think that a borro...

Home Loans for Self Employed and 1099 Income BorrowersIf you are paid with 1099 income or are self employed and don’t qualify for a Conventional, FHA or VA home loans, don’t give up. There are loan product options for outside the normal, everyday W-2 income earners.1099- For borrowers paid with c...

Jumbo Home Loans are Back in DelawareLenders are back to offering jumbo home loans. Jumbo loans are loan amounts over the conforming loan limit of $548,250. This is great news for many home owners and home buyers. Tthe down payment is lower than what you would traditionally need for a jumbo. Loan...