Buy a new home using the HECM for Purchase. Traditionally a Reverse Mortgage has been used to refinance the home you already own. With changes in recent years, HUD created the HECM for Purchase program which makes it possible to use a Reverse Mortgage to purchase a...
Reverse Mortgage Myth #3 My home has to be paid off to do a Reverse Mortgage. This is false. It is true that many people who do a Reverse Mortgage have already paid their homes off and can set up a reverse mortgage using their full equity but in reality, those who are...
As I meet with clients and begin the paperwork to start their new Reverse Mortgage one of the main concerns is how much they are charged for Mortgage Insurance. Along with what does Mortgage Insurance even do for them anyway? Well, believe it or not, Mortgage...