Heritage Reverse Mortgage Blog
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Downsize with a Reverse Mortgage
A downsize with a Reverse Mortgage could be an excellent option to live better in retirement. Life Happens It’s amazing how dramatically life can change from year to year. My wife and I have six kids all under 12. I can see already that our housing needs are going...
What are Reverse Mortgage Equity Reserves?
The Mechanics of a Reverse Mortgage require Equity Reserves to protect the homeowner, bank, and FHA. Mechanics Reverse Mortgages are negative amortization loans. Therefore, if payments are not made, the balance of the mortgage will increase. This happens because the...
Appraisal Required Repairs
Occasionally our clients face what’s called Appraisal Required repairs. Because FHA insures the majority of Reverse Mortgages they get to determine what is an acceptable condition of a property. Occasionally as part of the appraisal process, we identify certain...
The Power of Reverse Mortgage Interest Rates
Reverse Mortgage Interest Rates are a little different from standard Mortgage Interest Rates. The idea is essentially the same but how the reverse mortgage interest rate affects the loan is pretty unique. Understanding these differences can have a big impact on how...
Heritage Reverse Mortgage in Texas
We are so excited to announce the recent licensing of Heritage Reverse Mortgage in Texas. (Link 3) Serving more people in Texas Our past clients often refer friends and family to us. A Reverse Mortgage is a life-changing event. Therefore, it's something people want to...
Heritage Reverse Mortgage in California
Serving More People in California A Reverse Mortgage is a life-changing event. Our past clients often refer friends and family to us. Therefore, it's something people want to share with those they care about. Our clients know from experience that we’ll take care of...
Reverse Mortgage Appraisals and 2nd Appraisals
If you’ve had a mortgage, you understand that Appraisals are a basic requirement for the majority of Home Lending. Reverse Mortgages are no different and every Reverse Mortgage requires an Appraisal. What’s different about Reverse Mortgages however is that...
Why do people get Reverse Mortgages? – To see my children
“Children are a heritage from the Lord… Blessed is the man whose quiver is full of them.†Psalm 127: 3, 5 Nothing has brought me greater happiness in life than my wife and children. I can understand why so many of my clients want to spend so much of their...
Why do people get Reverse Mortgages? – Home Remodel
https://youtu.be/NE8ZNJ39KK4 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...
Why do people get Reverse Mortgages? – The Death of a Spouse
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...