What are Reverse Mortgage Equity Reserves?

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

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...
Heritage Reverse Mortgage in Texas

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...
Heritage Reverse Mortgage in California

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...