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 one and the same. HECM is a simple rebranding of an old product. History of Reverse Mortgages: The Reverse Mortgage was signed into...
by Trevor Carlson | Feb 17, 2021 | Uncategorized
What is a HECM Refinance? AKA a HECM to HECM Refinance? Most people don’t know that a Reverse Mortgage can be refinanced. A Reverse Mortgage is like any other mortgage. If we can improve the terms of a Reverse Mortgage we can refinance it. Why Refinance a HECM?...
by Trevor Carlson | Feb 11, 2021 | Uncategorized
How does a HECM Loan Work? Answer: Just like your conventional mortgage but with no payments. Misconceptions: People tend to fear what they don’t understand. Reverse Mortgages often gets a bad rap because people think they are more complicated than they really are....
by Trevor Carlson | Feb 5, 2021 | Uncategorized
Who owns my home with a Reverse Mortgage? The quick answer is, you do. There is a false conception that if you do a Reverse Mortgage you are giving your home to the bank and the bank is letting you live in it for the rest of your life. Fortunately, this is not...
by Trevor Carlson | Jan 21, 2021 | Uncategorized
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...
