Categories
Reverse Mortgage

Use a Reverse Mortgage to Pay for Healthcare Costs

When it comes to reverse mortgage there are plenty of options. You can choose a reverse mortgage fixed rate where you take out a lump sum at the beginning of the loan or an  adjustable-rate reverse mortgage where you can set up a line of credit or tenure payments. A reverse mortgage can be either […]

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Fun

Things to Do in Orange County – October

Old World Oktoberfest Date: Wednesday through Sunday throughout October Time: see website for details Location: 7561 Center Ave., Huntington Beach, CA Eat, Drink, Dance & be Merry at Southern California’s Best & Most Diverse Oktoberfest with Oom-Pah-Pa Bands directly from Germany. oldworld.ws Tustin Tiller Days Date: Friday and Sunday, October 5-7 Time: see website for […]

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Reverse Mortgage

Financial Hardship in a Reverse Mortgage

Protecting Loved Ones From Financial Hardship Because many consumers do not understand the long-term financial impact of reverse mortgages, the CFPB is issuing an advisory to help reverse mortgage borrowers. The advisory highlights three ways consumers who are the borrowers on the loan can help plan so that their surviving heirs are not harmed: Verify […]

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Heirs of Reverse Mortgage

Top Complaints About a Reverse Mortgage

It is important that one understands how a reverse mortgage works and know what can and cannot be done. There sometimes is confusion between what one believes a reverse mortgage can do and the way the reverse mortgage functions. For example, many consumers, for example, struggle with understanding how quickly their loan balance will go […]

Categories
Reverse Mortgage

Define a Reverse Mortgage?

A reverse mortgage is defined as a special type of home loan that allows older homeowners to access the equity they have built up in their homes and defer payment of the loan until they pass away, sell, or move out. The loan proceeds are generally provided to the borrowers as lump-sum payments, monthly payments, […]

Categories
Reverse Mortgage

How a Reverse Mortgage Saved a Foreclosure

A senior citizen homeowner owned a home and got behind in their mortgage payments. Subsequently, a notice of default was issued by the lender and foreclosure proceedings were started. The homeowner had been living in his home over 25 years and have paid down considerably his mortgage but with retirement and a sudden increase in […]

Categories
Home Living

Google Project Sunroof Lets You Calculate Solar Savings

Google Project Sunroof is a new tool that lets you calculate your home’s solar power potential. Now you can compare what you are paying currently with your utility versus installing solar panels on your home and you can compare the cost. Project Sunroof, a tool that calculates your home’s solar power potential using the same […]

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Home Mortgage News

How do Mortgage Credit Certificates Work?

The Mortgage Credit Certificate Program is a fantastic way to maximize tax credits when taking out a mortgage to purchase a home. The Mortgage Credit Certificate also known as MCC is available in Orange County, Los Angeles County and the Inland Empire. Scott Schang of Broadview Mortgage in Long Beach explains why you should take […]

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Purchase Home With Reverse Mortgage

A Reverse Mortgage for Purchase Success Story

A baby boomer in Orange County recently turned straw in to gold by the use of the Reverse-Mortgage-for-Purchase Program. The homeowner was on the fence about listing her home until the Realtor explained that the Reverse-Mortgage-for-Purchase Program could increase her purchase power. She could more than double her net proceeds from the sale of her current home […]

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The State of Real Estate

How Real Estate Has Changed

Buying real estate the same way our parents did will never be the same. Our parents say that things were less complicated back in the old days. Here’s proof that it was. Looking to buy a new home in Los Angeles? It costs as much as internet service now. A Fun Reminder Of San Fernando […]