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Reverse Mortgage and Financial Planning - 02/28/11 06:24 PM
As professional financial planners design retirement plans for their senior customers, using home equity should be addressed as part of the retirement and estate planning. Is the client planning to remain in their home? Do they currently have a mortgage payment? For how long? Do they have other real estate assets in their estate? Is there a benefit to using the equity to increase tax free cash flow? Do they have long term care insurance? A reverse mortgage is designed to help homeowners aged 62 and older remain in their homes as well as maintain or improve their quality of … (1 comments)
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How to choose an escrow company in Corona, California. - 02/22/11 09:01 PM
Choosing an Escrow Company - All escrow companies in California can be grouped into two basic categories: Licensed (Independent) Controlled (Subsidiary) So what’s the difference and does it matter? Licensed escrow companies are independent businesses licenced by the California Department of Corporations. This License regulates the procedures and practices of the escrow company and subjects them to strict requirements designed to protect consumers. Controlled escrow companies are non-licensed businesses that can be owned by a variety of entities, including Real Estate Brokers, Mortgage Brokers, Banks, Savings and Loans, and Title Insurance Companies. Such companies fall under the jurisdiction and requirements of a variety … (7 comments)
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Hey Southern California - Here's a Reverse Mortgage Video post from CNN Money - 02/17/11 05:29 PM
A Video about Reverse Mortgage was posted Feb 9, 2010 on CNN Money's Ask The Expert section
I'm signed up for "Google Alerts" for the keywords "reverse mortgage" and today a great little tidbit showed up. A couple of days later than the date of the post, but still pretty good that I found it as there is a lot out there about reverse mortgages, both good and bad.
Take about 2 minutes and listen to the video to learn some good basic information about the new reverse mortgage program - HEMC Saver.
… (2 comments)
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Reverse Mortgage Professional in Southern California - My Bio - 02/16/11 06:20 PM
Based in Corona, I specialize in Reverse Mortgages for senior homeowners and home buyers in Southern California.
Fixed or Adjustable, Reverse Mortgages can now be used to purchase a home with no minimum credit score qualifications and only minor income qualifications. And of course, no required principal or interest payments on a reverse mortgage!
My clients have used Reverse Mortgages here in Southern California for a variety of important reasons:
To set up funds for in home care To purchase a more suitable residence To supplement retirement income To reduce Taxable Income To set up college … (0 comments)
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Spruce It Up! City of Corona Redevelopment Agency Loans & Grants - 02/16/11 02:04 PM
Information about City of Corona Home Improvement Grants and Loans Last week I met with the Corona Redevelopment Agency to learn more about their Home Improvement Program. This is a useful program for folks who live within the city limits and want to fix up their single family or mobile home, but just can’t afford to. You must be within certain income limits to qualify. (In this economy that could be you!) Check out the links within my post for more information. With spring coming this could be just the thing to help you spruce up your home, and help improve … (0 comments)
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Robo Call Warning - Hang up on this call. - 02/09/11 11:25 AM
A friend of mine posted this comment on Facebook last night. I trust him on this information and thought it would be good to pass on.
"Had a scam attempted on me last evening. got a Robo call stating that my debit/credit cards have been revoked and to press 1 to contunue. so I pressed 1 The same robot asked for my card number... I hung up and called my Bank directly and as I knew no such thing had happened... just a heads up.."
Never give your personal information, account numbers or social security number over the phone unless … (2 comments)
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Reverse Mortgage Quiz - Have fun with this new quiz! - 02/08/11 11:47 AM
Reverse Mortgage Quiz - Have fun with this new quiz! 1) What is the minimum age allowed for a reverse mortgage? borrower? a) 55 b) 60 c) 62 d) 65 2) What does HECM stand for? a) Home Equity Conversion Mortgage b) Housing for Elder Community Mortgage c) Housing Equality Cooperative Mortgage d) Help for Elders Community Mortgage3) True/False - Reverse Mortgage proceeds are considered taxable income. 4) Loan to Value ratios on Reverse Mortgages are based upon these three factors: a) Home Value, FHA Lending Limit, Age of oldest borrower. b) Home Value or FHA Lending Limit (whichever is least), … (1 comments)
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Yorba Linda Reverse Mortgage Question - My wife is not 62, but I am - can I get a reverse mortgage? - 02/05/11 09:42 PM
Yorba Linda Reverse Mortgage Question - My wife is not 62, but I am - can I get a reverse mortgage? I get asked this question quite a lot and everyones situation is different, but here goes. In order to qualify for an FHA Reverse Mortgage all owners on title must be over the age of 62 and living in the property (unless one is in a medical facility). If you were to take your spouse off of title to the property and then plan to refinance the reverse (with a new reverse) once she turns 62 and add her … (3 comments)
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Corona Homeowner Rebate - Remove your Parkway Turf and Get a Rebate - 02/01/11 12:55 AM
Corona Homeowners - It pays to be Water Wise. The city of Corona is relaunching their Turf Removal Rebate Program to run from January through June 2011 or until the designated funds are gone. The rebate amount is $1 per square foot (up to a maximum of $1,000.00) of turf removed and converted to low water-use plants. Replacing turf with concrete or other impervious materials does not qualify. While the weather is cool is a great time to plan, rehabilitate and water wise your landscape.
Be sure to check out the City Guidelines and to fill out the correct application to obtain your … (5 comments)
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Deborah Nance, Southern California Reverse Mortgage Specialist
Deborah Nance
Corona,
CA
More about me…
Orange County, Corona, Riverside, Los Angeles
Address: NMLS#202003, Southern California, CA, 92883
Office Phone: (951) 283-2983
Cell Phone: (951) 283-2983
Email Me
What You Want To Know & Need To Know About Reverse Mortgages -
“The postings, statements and opinions on this site are my own and do not necessarily represent the opinions and positions of my employer, and/or it's affiliates."
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