I Went to the Podiatrist for Brain Surgery…
I Went to the Podiatrist for Brain Surgery… If you needed brain surgery, would you go to the Doctor who happens to be a podiatrist just because you know someone who works there? A Medical Doctor after all is a Medical Doctor and they can all help people with any ailment, [...]
Why I Started PS Financial Services
Why I Started PS Financial Services I was in training at one of the country’s largest reverse mortgage companies when the CEO said, “We don’t want every loan.” What he meant by this was, “We will deny the less than perfect borrower and/or property.” I had difficulty with this concept [...]
An Innovative Way to Pay Off Your Mortgage (and Plan For Retirement)
An Innovative Way to Pay Off Your Mortgage (and Plan For Retirement) When I speak to clients for the first time, they often tell me one of the reasons they never considered a reverse mortgage is because they do not currently have a mortgage. I let them know, off the [...]
How Much Can a Borrower Receive With a Reverse Mortgage?
How Much Can a Borrower Receive With a Reverse Mortgage? That is the question a lot of clients seeking information about the reverse mortgage first ask. In truth, while how much a borrower can receive is an important question, there are many other things that should be considered before giving [...]
Mortgage Brokers Can Ease the Strain of Getting a Home Loan
Mortgage Brokers Can Ease the Strain of Getting a Home Loan There was a time when reverse mortgages could be taken out at the local branch of the bank you’ve trusted with your money for years. However, after the boom and bust, more and more banks bowed out of originating [...]
History of the REVERSE MORTGAGE
History of the REVERSE MORTGAGE The Reverse Mortgage (RM) first started in Great Britain. 1961: The first reverse mortgage in the U.S. was done by Nelson Haynes of Deering Savings and Loan for Nellie Young of Portland, Maine because she wanted to stay in her home despite the loss of her husband’s [...]
