What Is The Cost Of Waiting With A Reverse Mortgage? I think it tends to be human nature in that for some people, they hesitate to make a decision for just about…
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Financial Assessment And LESA
The purpose of the financial assessment is for lenders to review a borrower’s financial status, including income, expenses and credit history. This is to insure that the borrower has the willingness and…
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Equity Versus Cash
The Difference Between Equity And Cash One of the most interesting topics I educate on is the difference between equity and cash. We all seem to value our home equity; sometimes we…
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Need Cash In Retirement?
Get To Know HECM vs. HELOC Many older adults face increased expenses while having limited income. Whether you are facing an expense or looking to improve your quality of life, tapping your…
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A Reverse Mortgage To Stay In Your Home
“Use your home to stay at home” That is the title of the official reverse mortgage consumer booklet approved by the U.S. Department of Housing & Urban Development. What a powerful statement.…
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Is A Reverse Mortgage Your Best Case Scenario?
Are you considering a reverse mortgage, but feel unsure if one is right for you? I’ve guided many different people from all situations and walks of life through reverse mortgages, and they’ve…
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Researching A Traditional HELOC Or A Reverse Mortgage
What are the differences between a Reverse Loan Line-of-Credit and a traditional Home- Equity- Line- of- Credit? Are there certain advantages of one over the other? Are the loan terms and fees…
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Home Equity Conversion Mortgage Program
Discovering the HECM for Purchase for buyers 62 and better. Imagine purchasing a new home with no monthly mortgage payments required. The safe, government insured home equity conversion mortgage (HECM) allows for…
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The Increasing Importance Of Reverse Mortgages
In years past, reverse mortgages tended to be a last resort option for seniors who were struggling financially with no relief in sight. However, this is no longer the case as a…
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Reverse Mortgages And Natural Disasters
Here’s how this specialized loan may help qualifying homeowners in California if a natural disaster strikes. California cities, including Sacramento, San Francisco, Riverside, and San Diego, are ranked in the top ten…