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Reverse Mortgage

Truth and False of a Reverse Mortgage

There has been a lot said about reverse mortgages, true and false. That being said, reverse mortgages have changed and grown through the years. The reverse mortgage of today is not the same as 5, 10 plus years ago. Today reverse mortgages are refined, detailed and the HECM Home Equity Conversion Mortgage is FHA insured. […]

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Purchase Home With Reverse Mortgage

Couple Uses HECM Mortgage To Buy Dream Home

A person over the age of 62 can use a HECM, Home Equity Conversion Mortgage, to purchase a home. A HECM is a FHA insured reverse mortgage. Here is a real life example of a couple that used a HECM reverse mortgage to purchase a new home that fit their needs and dreams. Andy and […]

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Purchase Home With Reverse Mortgage

How to Buy a Home Using a Reverse Mortgage

Planning for Retirement This article is as much for homebuyer and homeowners 62 years or older, as it is for the adult children of aging parents. Reverse mortgages are primarily about providing financial options that include allowing you to leverage your home’s equity to help subsidize increasing health costs, or supplementing retirement income to realize […]

Categories
Reverse Mortgage

How to Use a Reverse Mortgage

Common Uses For The Reverse Mortgage A Reverse Mortgage unknown to many, can be used by anyone for any reason. As long as you own your home, have adequate equity and are of at least the healthy age of 62 or better, you may be able to qualify for a Reverse Mortgage. There is nothing […]

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Reverse Mortgage

What is a Home Equity Conversion Mortgage?

Reverse Mortgage Maybe you’ve seen commercials on TV about Reverse Mortgages. Mortgage companies offering this Government insured mortgage solution are famous for using Celebrity spokespeople to build awareness for this underutilized home mortgage loan program. A Home Equity conversion Mortgage (HECM), also known as a Reverse Mortgage, is government insured loan program offered by the […]

Categories
Reverse Mortgage

A Reverse Mortgage is…

What is a Reverse Mortgage or Home Equity Conversion Mortgage, HECM A reverse mortgage is 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 […]

Categories
Reverse Mortgage

How to Protect from a Financial Hardship Brought on by a Reverse Mortgage

A reverse mortgage is 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, or as […]

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Heirs of Reverse Mortgage

Should Mom Get Reverse Mortgage?

A question from a daughter wanting to know more about reverse mortgages for her mother. Question – So this is a real estate question – not for my business but for my family. My mom needs to retire and she can only retire without a mortgage but doesn’t have the money to buy outright. She’s […]

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Home For Sale

3022 Knollwood Ave, La Verne, CA 91750

SOLD – Feel nice and cozy in this beautifully maintained 2 bedroom condominium: Kitchen has been remodeled with new countertops, stainless stove, microwave, dishwasher and added pantry. Breakfast bar and dining area. Easy to clean tile downstairs, carpet upstairs in the bedrooms. Central air! Icy cold A/C for the summer, powerful heater for the cold […]

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Home For Sale

378 Marina DR, Brea 92821

SOLD – This is Upgraded Brand New Home and will sell quickly. Please call Diego immediately to setup an appointment before you visit the property. 714.989.6040 This is a beautiful brand new Taylor Morrison home in the new Summerwind community located in Brea. This home has upgrades throughout and is ready for move in. There are 3 […]