Top 10 Mortgage Insider Tips for Homebuyers When it comes to applying for a mortgage, whether a purchase or refinance, there are frequently changes in loan guidelines. There are basic rules though, that don't change. The more you know, the better you will be able to navigate the … [Read more...] about Level Up Your Homebuying: 10 Expert Tips to Secure the Best Mortgage
Mortgages
Interest Rates: The Wild Card in Today’s Real Estate Game – How to Win.
Buckle up, because the real estate market is officially on a thrill ride. Interest rates fell to record lows then rose faster than a teenager's mood swings. But unlike those mood swings, this rollercoaster has real consequences for everyone involved in real estate. Whether you're … [Read more...] about Interest Rates: The Wild Card in Today’s Real Estate Game – How to Win.
A 4 Million Dollar Reverse Mortgage
A 4 million dollar reverse mortgage - really? A colleague of mine just completed a 4 million dollar jumbo reverse mortgage for a gentleman who only wanted to lock in a fixed rate, pay off his current mortgage and get no additional cash. He is a wealthy investor and didn't need … [Read more...] about A 4 Million Dollar Reverse Mortgage
A Reverse Mortgage for the Young and Comfortable
A Reverse Mortgage can serve a variety of needs. The following scenario is not that unusual these days. Dennis and Jill retired young. Their plan was to stop working at 55 and travel. They are both 57 years old now and their children are grown. A substantial part of their net … [Read more...] about A Reverse Mortgage for the Young and Comfortable
My Favorite Reverse Mortgage I’ve Done So Far
Maggie is widowed. She owns her home which is free and clear of a mortgage. We looked at the possibility of doing a reverse mortgage for her. Her retirement income wasn't enough for her to live comfortably each month and she was getting desperate. Her friends told her to get a … [Read more...] about My Favorite Reverse Mortgage I’ve Done So Far
Jumbo Reverse Mortgage
Because reverse mortgages are much misunderstood, and because there is a new type of jumbo reverse mortgage that most homeowners don't know about, I'm going to write a series of posts that give real-life stories. Reverse mortgages are much more versatile than most senior … [Read more...] about Jumbo Reverse Mortgage
