HECM to HECM Refinance With a Non-Borrowing Spouse
If you are thinking about doing a HECM to HECM Refinance, it’s important to know FHA’s current value limits as well as your current home value. One without the other, makes it impossible to know how much money you are entitled to receive if you refinance. For instance, if the money [...]
‘The Smart Sell’: Planning Your Future With a Reverse Mortgage
“There’s no such thing as ‘hard sell’ and ‘soft sell.’ There’s only ‘smart sell’ and ‘stupid sell.'” -Leo Burnett I think it’s an important distinction to be made. As an independent reverse mortgage broker, I am not in the business of tricking, pressuring or misleading my clients, potential or otherwise. I’m [...]
Do I Still Own My Home…If I Get a Reverse Mortgage?
Do I Still Own My Home…If I Get a Reverse Mortgage? Yes, you do! A reverse mortgage is a viable option for seniors who want to remain in the house they’ve called ‘home’ for most of their life. Whether it be because they are comfortable in their home, they want [...]
Ethical Practices are the Backbone of Any Business
Ethical Practices are the Backbone of Any Business More rules and regulations are coming into effect this year, this time via the Consumer Financial Protection Bureau, effectively creating a safer, more ethical atmopshere for consumers. The new rules won’t effect reverse mortgages directly, according to an article published in Reverse Mortgage Daily, [...]
Reverse Mortgage Changes Will Protect (and Hurt) Consumers
Reverse Mortgage Changes Will Protect (and Hurt) Consumers The beginning of August was an important month for the Reverse Mortgage Program. President Obama signed the Reverse Mortgage Stabilization Act of 2013 in law and with it set into motion a chain of events that will potentially change the reverse mortgage program [...]
The Benefits of Reverse Mortgage Counseling
The Benefits of Reverse Mortgage Counseling The benefits of reverse mortgage counseling is growing. In June, the Department of Housing and Urban Development awarded the new funding, in the form of $40 million, to housing counseling agencies in hopes of sustaining HUD-approved counseling. The funding went toward helping new and existing home buyers manage [...]
