reverse mortgage: Mortgage Monday: Reverse Mortgage Basics - 05/15/19 06:56 AM

This is a guest post by Janice Brown from the Wenatchee office of American Pacific Mortgage. I have asked Janice to write an article on the Proprietary Reverese Mortgage she refers to in this post.
What you want to know about Reverse Mortgages.
There are two types of Reverse Mortgages that you need to be aware of. The most popular is the FHA insured Home Equity Conversion Mortgage or HECM (Pronounced HeckM). The second type is a Proprietary Reverse Mortgage that is not insured by FHA. If you don’t qualify for, or your home value exceeds the FHA loan limits, then a … (39 comments)

reverse mortgage: Word Wednesday: Reverse Mortgage - 04/02/19 01:26 PM

"An investment in knowledge pays the best interest."
-Benjamin Franklin
Yesterday, I had the opportunity to sit down with Janice Brown from the Wenatchee office of American Pacific Mortgage.  The subject was Reverse Mortgages. 
Reverse mortgages are one of those loan products that has been much maligned and misunderstood.  Honestly, I've heard a lot of negatives about Reverse Mortgages, but Janice is one of those people I trust to tell me the truth... the good, the bad, and the ugly. 
I learned that Reverse Mortgages have many more dimensions than I ever imagined.  I had always thought of them as a … (29 comments)

 
Carol Williams, Retired Agent / Broker / Property Manager (Although I'm retired, I love sharing my knowledge and learning from other real estate industry professionals.) Rainmaker large

Carol Williams

Retired Agent / Broker / Property Manager

Wenatchee, WA

More about me…

Although I'm retired, I love sharing my knowledge and learning from other real estate industry professionals.

Address: The U.S. & Canada, Wenatchee, WA, 98801-1495

Office: (509) 670-7840

Mobile: (509) 670-7840

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