by Trevor Carlson | Apr 18, 2018 | Reverse Mortgage Product Details
IS THE BANK GOING TO TAKE YOUR HOME? NOT WITH A NEW REVERSE MORTGAGE. One of the primary myths that is fixed by the New Reverse Mortgage is around the idea that the bank takes the home when the homeowner passes away. This is absolutely a Myth but in all fairness the...
by Trevor Carlson | Sep 14, 2017 | General Reverse Mortgage Info, Reverse Mortgage Product Details
Reverse Mortgage Changes on Oct 2nd – The Pros and Cons The Department of Housing and Urban Development (HUD) which oversees FHA and subsequently Reverse Mortgages announced late in August that the Home Equity Conversion Mortgage AKA HECM/Reverse Mortgages will be...
by Trevor Carlson | May 25, 2017 | Reverse Mortgage Product Details
The Risks of a HECM Reverse Mortgage I’ve written at length about the advantages of a HECM so it’s only fair that I write today about the risks of a Reverse Mortgage as well. Few people love Reverse Mortgages as much as I do but that doesn’t mean I’m blind to the...
by Trevor Carlson | May 5, 2017 | Reverse Mortgage Product Details
Reverse Mortgage Myth: THE BANK OWNS MY HOME This week I’ve had multiple conversations with clients in St George and Cedar City where the borrower asked, “so if I do a Reverse, the bank owns my home, right?” The shortest answer I can give is, NO. Reverse Mortgages are...
by Trevor Carlson | Jan 30, 2017 | Reverse Mortgage Product Details
How does a Reverse Mortgage use your home equity If you’re considering a Reverse Mortgage you must know how a Reverse Mortgage uses your home equity. In our free information kit we’ve developed a clear picture to answer this question. The graph and definitions below...
by Trevor Carlson | Dec 22, 2016 | Reverse Mortgage Product Details
Reverse Mortgage Myth Series: Myth #1 – The bank gets any remaining equity when I die. As a HECM Reverse Mortgage Specialist I’ve learned there are a few common misconceptions out there about Reverse Mortgages. As I meet with many of my clients for the first time I...
