reverse mortgage jupiter: Reverse Mortgage Saves Senior from Foreclosure
- 11/06/15 12:52 AM
There’s enough negative press out there about Reverse Mortgages, here’s some good news where a Reverse Mortgage Saves Senior from Foreclosure. One of the greatest features of a government insured HECM mortgage is its’ ability to help a senior save their home from the fate of foreclosure.
I recently had a customer who lost her husband to cancer. She also lost his income and was horrified to find out that their life insurance policy had been canceled. She was left in a situation where she was unable to pay her mortgage and other household expenses.
After countless attempts to modify her loan, she faced … (6 comments)
reverse mortgage jupiter: Reverse Mortgage Qualification Process
- 10/09/15 01:39 AM
Never has a loan product been more misunderstood than a (HECM) Reverse Mortgage. Most of my clients come in skeptical, bewildered and confused as they start their journey. During the initial consultation, we explain in detail how the Reverse Mortgage loan works and the qualification process. Then, we provide a quote package that outlines one’s specific situation to determine which HECM product is the best for their situation. As the initial consultation moves on, and my client realizes that this product may solve many of their current financial challenges, their facial expression changes to optimism and hope.
FHA’s Home Equity conversion Mortgage (HECM) is … (6 comments)
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