by Trevor Carlson | Oct 29, 2020 | Uncategorized
If you have a Reverse Mortgage or are thinking of getting one then Reverse Mortgage Changes aresomething you keep an eye on. Every year around the end of September and again in December FHA/HUD likes to surprise the HECMReverse Mortgage industry with changes....
by Trevor Carlson | Sep 22, 2020 | Uncategorized
With Reverse Mortgages you have two basic loan options. The options are the Traditional Fixed Rate Reverse Mortgage or the Growth Line of Credit. Both have pros and cons and the right choice really depends on your specific situation. General HECM Benefits: Regardless...
by Trevor Carlson | May 27, 2020 | Uncategorized
“What happens to my Reverse Mortgage and Heirs when I die?” This is a question I get from almost all of my clients. This is partly because they want to know how the heirs will be affected but they’ve also heard some negative stories about the old Reverse Mortgage that...
by Trevor Carlson | Apr 29, 2020 | Uncategorized
What are the basic requirements for a HECM Reverse Mortgage? There are five basic requirements for a HECM Reverse Mortgage: Age – One borrower must be 62 or olderUse – The home must be the primary residenceEquity – There must be sufficient equity in...
by Trevor Carlson | Apr 8, 2020 | Uncategorized
How Do HECM Reverse Mortgages Work? The Mechanics of how HECM Reverse Mortgages work is more simple than you’ve been led to believe. When you understand the truth about the HECM Reverse Mortgage it will seem a lot less scary. To help, let’s compare a Reverse Mortgage...
