Category Archives: Reverse Mortgages

Reverse Mortgages

Home values have been on the rise across the US since 2013. As a result, your home may now be worth much more money than you think, which means you may have more equity in your home. A Home Equity … Continue reading

Posted in Bond Market, Bond Markets, Elderly, Equity, Finance, Financial News, Home Financing, Mortgage Rates, Mortgages, Rates, Real Estate, Real Estate Mortgages, Retiree, Retirement, Reverse Mortgage, Reverse Mortgagee, Reverse Mortgages, Seniors, Spirituality, Stay at Home, Uncategorized | Tagged , , , , , , , , , , | Leave a comment

Reverse Mortgages-a good option!

From the desk of:                                                                        Call … Continue reading

Posted in Finance, Home Financing, Mortgage Rates, Mortgages, Rates, Real Estate, Real Estate Mortgages, Realtor, Realtors, Retiree, Retirement, Reverse Mortgage, Reverse Mortgagee, Reverse Mortgages, VA, VA Mortgage, Veteran, Veterans | Leave a comment

New Appraisal Rules

SOMETHING NEW, SOMETHING BLUE?:   COLLATERAL UW Collateral Underwriter by FNMA launches on Monday, January 26th . . . don’t know what that is?   Don’t worry, you are not alone Here is the definition of Collateral Underwriter: Collateral Underwriter (CU™) is … Continue reading

Posted in Equity, Home Financing, Love, military, Mortgage Rates, Mortgages, Rates, Real Estate, Real Estate Mortgages, Realtor, Realtors, Retiree, Retirement, Reverse Mortgage, Reverse Mortgagee, Reverse Mortgages, Spirituality, Uncategorized, VA, VA Mortgage, Veteran, Veterans | Tagged , , , , , , , , , , , , , , , , , , | Leave a comment

IS YOUR VACATION HOME UNDER WATER?

JUST CLOSED! Property values are still depressed in some vacation areas! I just refinanced a client with a 115% loan to value. Fannie Mae and Freddy Mac have programs to refinance properties that are “under water”. Many people have not … Continue reading

Posted in Equity, Home Financing, Love, military, Mortgage Rates, Mortgages, Rates, Real Estate, Real Estate Mortgages, Retiree, Retirement, Reverse Mortgage, Reverse Mortgagee, Reverse Mortgages, Spirituality, Uncategorized, VA, VA Mortgage, Veteran, Veterans | Tagged , , , , , , , , , , , , , , , , , , , , , | Leave a comment

VA Mortgage Loans

VA MORTGAGES Did you know that you could purchase a home or refinance your current loan with a VA loan?? You can get 100% financing. There are county limits that determine the VA’s maximum guaranty amount for a loan. Generally, you … Continue reading

Posted in Equity, Home Financing, Love, military, Mortgage Rates, Mortgages, Rates, Real Estate, Real Estate Mortgages, Retiree, Retirement, Reverse Mortgage, Reverse Mortgagee, Reverse Mortgages, VA, VA Mortgage, Veteran, Veterans | Tagged , , , , , , , , , , , , , , , , , | 1 Comment

Another Day … Another Dollar

  Life is expensive. Food, Utilities, Movies, Clothes, Medical, Insurance,  Housing, etc. Either refinancing or a reverse mortgage can free up some of the cash from your “money tree”.   Many of us have lots of equity in our home. … Continue reading

Posted in Equity, Home Financing, Mortgage Rates, Mortgages, Rates, Real Estate, Real Estate Mortgages, Retiree, Retirement, Reverse Mortgage, Reverse Mortgagee, Reverse Mortgages, Uncategorized | Leave a comment

REVERSE MORTGAGES – Strategies for using a Reverse Mortgage

SUPPLEMENTAL INCOME STRATEGY THEORY Obtaining a conversion mortgage will allow a borrower to draw consistent supplemental income from their home equity through a monthly (tenure or term) payment stream. This has the benefit of taking pressure off the borrower’s retirement … Continue reading

Posted in Equity, Home Financing, Mortgage Rates, Mortgages, Rates, Real Estate, Real Estate Mortgages, Retiree, Retirement, Reverse Mortgage, Reverse Mortgagee, Reverse Mortgages, Spirituality | Tagged , , , , , , | Leave a comment