by Trevor Carlson | Jul 21, 2021 | Uncategorized
A Home Remodel is another very common reason for doing a Reverse Mortgage. As of today, in 2021 the housing market is on fire. Home prices are soaring which is fantastic for anyone who wants to sell a home but the problem is in replacing the home. Even though homes...
by Trevor Carlson | Jun 21, 2021 | Uncategorized
There are endless reasons why people choose to do a Reverse Mortgage, the death of a spouse is amongthe more common. This situation was one of the reasons I dedicated my career to doing ReverseMortgages exclusively. Scenarios like this confirmed for me that as a...
by Trevor Carlson | Mar 11, 2021 | Uncategorized
Can I inherit a home with a Reverse Mortgage? Answer: Of course, IF you’re the heir. The False myths about Reverse Mortgages lead most people to believe that the bank will always get the home when a Reverse Mortgage is done. This is not true but its origins give...
by Trevor Carlson | Mar 3, 2021 | Uncategorized
How Long does a Reverse Mortgage Last? Answer: As long as you need it too. Age Limit Technically speaking a Reverse Mortgage is guaranteed by HUD/FHA until age 150 of the youngest Borrower. But because that number is still so far above current life expectancy the real...
by Trevor Carlson | Feb 26, 2021 | Uncategorized
What is the difference between a HECM Mortgage and a Reverse Mortgage? Truth be told, there is no difference. In other words, they are the same. HECM is a simple rebranding of an old product. History of Reverse Mortgages: The Reverse Mortgage was signed into law by...
