by TMD_Admin | Dec 20, 2021 | Uncategorized
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...
by TMD_Admin | Dec 9, 2021 | Uncategorized
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...
by TMD_Admin | Apr 3, 2019 | Reverse Mortgage Benefits
Reverse Info: HECM to HECM Refinance aka HECM Reset With HECM Reverse Mortgages, there is an old misconception that once you do a Reverse Mortgage you’re stuck with the loan for life. Fortunately, this is wrong. A Reverse Mortgage is the same as any mortgage in...
by TMD_Admin | May 18, 2017 | Southern Utah
I love Saint George Utah and I think you would too. My family and I moved to St George five years ago this summer and we have loved every minute. My wife was born and raised in Cedar City Utah, I was born in Roosevelt Utah, and have also lived in Vernal, Provo, and...
by TMD_Admin | May 12, 2017 | Reverse Mortgage Benefits
Even if you’ve done a Reverse Mortgage you should be aware of the HECM to HECM refinance option. If you live in an area like Southern Utah where home values are climbing at 5-10% year after year a HECM to HECM Refinance could make your life even better by...
