Heritage Reverse Mortgage Blog
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Who owns my home with a Reverse Mortgage?
With a Reverse Mortgage, you own your home. Then the bank allows you to use the equity in your home to live better but you are always free to sell or refinance the home. Then when you pass away your heirs will still inherit the home and any remaining Equity.
Most Common Reverse Mortgage Scenarios
There are many reasons people do Reverse Mortgages but today's article shows the most common Reverse Mortgage Scenarios. Depending on your situation a Reverse mortgage could be an absolute life changer. Or it may just provide nominal improvement to your already solid...
HECM Reverse Change – LIBOR vs. CMT
If you have a Reverse Mortgage or are thinking of getting one then a HECM Reverse Change issomething you keep an eye on. https://www.youtube.com/embed/e9o_F2YZCBU Every year around the end of September and again in December FHA/HUD likes to surprise the HECMReverse...
HECM – Fixed Rate Reverse Mortgage vs. The Growth Line of Credit
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. https://youtu.be/43lpWcc-FJI...
WHAT HAPPENS TO MY REVERSE MORTGAGE AND HEIRS WHEN I DIE?
https://youtu.be/EnHtl1y0hLg 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...
Basic Requirements for a HECM Reverse Mortgage
What are the basic requirements for a HECM Reverse Mortgage? https://youtu.be/MWZsyHz1qzo 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...
How do HECM Reverse Mortgages Work?
https://youtu.be/GkTgDNPfvRE 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,...
Growing Demand for Reverse Mortgages
https://youtu.be/0xceMKFb5Oc The Growing Demand for Reverse Mortgages You've probably noticed the demand for Reverse Mortgages is growing. More and more of your friends and neighbors are considering this as a great solution for their financial goals. I see the demand...
History of Reverse Mortgages
https://youtu.be/a4hYHQ5tzPk I know you've heard all the negativities about the history of Reverse Mortgages. And rightfully so, Reverse Mortgages have a rough past. To me, the program resembles the growth and evolution of human growth from infancy to adulthood. Let...
Reverse Mortgage Specialist: Oregon
Reverse Mortgage Specialist: Oregon I am excited to announce that we've just finished licensing Heritage Reverse Mortgage in the State of Oregon. Of course, we specialize in Reverse Mortgages but we offer most products including VA, FHA, Conventional, Jumbo, and USDA....