Kurt Jackson's (kurtjackson) Blog

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Mortgage and Lending - KJ Financial

ARCHIVED BLOG POSTS

2008 

It has been said that the cost of Reverse Mortgages can be too high, even here in Kansas City, Missouri. Really?  The costs are high? Compared to what? Remember our first installment was a sixty-two year old with a $250,000 house would qualify for an $118,033 Line of Credit (LOC). Their closing c...
06/24/2008
"Reverse Mortgages cost too much."  "Don't get a Reverse Mortgage because they cost too much." That's the message the media pundits want you to believe. So when someone says that Reverse Mortgages for seniors cost too much in Kansas City, Missouri. I ask them "compared to what?" Let's do what th...
06/24/2008
•1.   They can be complicated and confusing. True. Reverse Mortgages are complicated and can be confusing, but they don't have to be. There are plenty of publications, web sites and mortgage professionals that can be valuable resources for you to better understand them.  I know this because as a ...
06/23/2008
Millions of Americans are afraid the value of their homes will stagnate or even drop. Many are predicting much slower appreciation rates in the future as this whole housing crisis shakes out. If you are 62 or older there is a way to guarantee your home equity will grow.  That's right, there is a ...
06/23/2008
One of the biggest criticisms of a Reverse Mortgage in Kansas City Missouri is the perception that the costs are high. While they are higher than traditional mortgages they also provide features that traditional mortgages don't.  We'll leave that argument for another today. The costs involved in ...
06/23/2008
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Kurt Jackson

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