By admin on August 18, 2011
By Charles Essmeier
Reverse mortgages used to be considered the last resort of desperate retirees who needed to borrow against their home equity in order to pay for medical expenses. With home prices across the country rising at astonishing rates, more and more retirees, aged 62 and over, are taking out reverse mortgages to fund better [...]
Posted in Music Blog | Tagged a, applying, be, before, for, it, mortgage, need, one, reverse, sure, you
By admin on August 15, 2011
By Mark Barnes
If you owe 40 percent or less of your original mortgage, there is a great program that is available to you that will generate extra monthly income. It
Posted in Music Blog | Tagged approach, estate, fresh, from, income, mortgage, Offers, real, reverse, to
By admin on August 3, 2011
Last week’s article on reverse mortgages generated a very interesting response from one reader. Unfortunately, due to his choice of vocabulary, I can’t print his response here.
Suffice it to say that this advisor doesn’t want me saying anything negative about his chief source of revenue.
This week I’d like to pull back the curtain on [...]
Posted in Music Blog | Tagged back, curtain, mortgages, on, pulling, reverse, the
By admin on July 22, 2011
With larger numbers of older Americans reaching retirement age than ever before, along with many others who have already stopped working, the need for long-term health and medical care is gaining more relevance in society. No matter if it is about finding a nursing home or providing some sort of home care, it is [...]
Posted in Music Blog | Tagged a, brief, introduction, mortgages, reverse
By admin on May 3, 2011
If you have been reading the articles about jumbo or proprietary reverse mortgages available, you may be wondering what is going on. A jumbo or proprietary reverse mortgage is any program that is not the FHA, government insured Home Equity Conversion Mortgage (HECM or “Hek-um”) or the Federal National Mortgage Association HomeKeeper Program.
When first introduced, [...]
Posted in Music Blog | Tagged happening, jumbo, market, mortgageswhats, reverse, the, to
By admin on April 28, 2011
After 31+ years Mortgage Banking experience working for large banks and Mortgage Bankers, we decided it was time to start serving our senior clients as mortgage brokers. When asked why we chose to do this rather than accepting positions with large banks, we tell people it was an easy decision to make, we love what [...]
Posted in Music Blog | Tagged a, bank, broker, mortgages, or, reverse
By admin on April 15, 2011
A Reverse Mortgage HECM, sometimes referred to as a Home Equity Conversion Mortgage (HECM), is a special type of home mortgage that lets a homeowner convert a portion of the equity in his or her home into money in their pocket. Simply put, a reverse mortgage is the exact opposite of a regular mortgage. The [...]
Posted in Music Blog | Tagged an, mortgages, on, overview, reverse
