by TMD_Admin | Dec 29, 2021 | Uncategorized
A downsize with a Reverse Mortgage could be an excellent option to live better in retirement. Life Happens It’s amazing how dramatically life can change from year to year. My wife and I have six kids all under 12. I can see already that our housing needs are going...
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 | Jul 21, 2021 | Uncategorized
A Home Remodel is another very common reason for doing a Reverse Mortgage. As of today, in 2021 the housing market is on fire. Home prices are soaring which is fantastic for anyone who wants to sell a home but the problem is in replacing the home. Even though homes...
