by TMD_Admin | 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 can be fixed by the New Reverse Mortgage is the idea that the bank takes the home when the homeowner passes away. This is absolutely a Myth. Although in all fairness...
by TMD_Admin | 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) oversees FHA and subsequently Reverse Mortgages. They announced late in August that the Home Equity Conversion Mortgage AKA HECM/Reverse Mortgages will be...
by TMD_Admin | 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...
by TMD_Admin | 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...
by TMD_Admin | Jan 30, 2017 | Reverse Mortgage Product Details
How does a Reverse Mortgage use your home equity? If you’re considering a reverse mortgage, you need to understand how it uses your home equity. In our free information kit, we explain this with a simple visual. The graph and definitions below come from that...
by TMD_Admin | Dec 22, 2016 | Reverse Mortgage Product Details
Reverse Mortgage Myth Series: Myth #1 The bank gets any remaining equity when I die. There are many Reverse Mortgage myths that cause people to delay making a smart financial decision. As a HECM Reverse Mortgage Specialist, I often meet clients who were given...
