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 | Nov 29, 2021 | Uncategorized
Reverse Mortgage Interest Rates are a little different from standard Mortgage Interest Rates. The idea is essentially the same but how the reverse mortgage interest rate affects the loan is pretty unique. Understanding these differences can have a big impact on how...
by TMD_Admin | 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...
by TMD_Admin | Aug 23, 2019 | Uncategorized
Reverse Mortgage: Utah, Nevada, Colorado I am a Specialist in Reverse Mortgages serving Utah, Nevada, and Colorado. I’ve been doing Reverse Mortgages since 2012 and I started my own HECM Reverse Mortgage company in 2016. (Heritage Reverse Mortgage) I love my...
