reverse mortgage: Reverse Instead of Foreclosure in Ashland Oregon
- 03/23/12 12:38 PM
Avoid Foreclosure in Ashland, OR Current news brings much attention to folks who have gotten in too deep with their mortgages and seemingly have no way out.Foreclosure can be avoided for many people over the age of 62 if they have equity in their home. Reverse Mortgage Awareness on the Rise In spite of the fact that Reverse Mortgage articles abound many financial advisors, accountants, friends and family members do not know enough about Reverse to realize that they may be the homeowner’s only saving grace. When a homeowner over 62 finds them self unable to pay their mortgage and … (4 comments)
reverse mortgage: Why The Heck Would You Want a Reverse Mortgage?
- 03/22/12 04:01 AM
One of the most common questions I get as a Reverse Mortgage Loan Consultant is about how you can use it to your benefit. The following are just a few examples of why some people turn to reverse. Who do you know that is facing simliar challenges? A reverse mortgages can provide extra needed income. A 75 year old widow has a $12,000 annual income from Social Security and pension benefits. Although this was sufficient income initially, over the years some unexpected expenses have caused her to cut back on some essentials and pay for other items on credit cards. She would like … (0 comments)
reverse mortgage: Up-Sizing in Grants Pass, OR- Reverse Mortgage Purchase to the Rescue
- 03/09/12 06:12 AM
Up-Sizing Made Easy Thanks to a Reverse Mortgage for Purchase, Sassy senior citizen, Laury Laursen, is revved up and ready to party in her new home in Grants Pass. She is no stranger to town as she owns a home just around the corner from the home she just purchased. Though she liked the home and the neighborhood she was living in, she likes to shop and it just wasn’t big enough for all of her “crapola”. Up-sizing was the only solution so she turned to Nadine Petel of Security One Lending for help. Who Qualifies for a HECM Purchase? … (1 comments)
reverse mortgage: 50% Down and No Payments: Really?
- 02/01/12 06:18 AM
50% Down and No Monthly Payment- You're Kidding! Buying a home with a Reverse Mortgage Purchase loan: What an amazing concept! Purchasing a home with a reverse mortgage is done by using the same program you use when refinancing but applying it in a slightly different way. The homeowner is still required to have equity in the home, however instead of accumulating that equity over time, they are required to put the equity into the home in the form of a down payment at the time of purchase. An example of a reverse mortgage purchase transaction would be a sale price … (0 comments)
reverse mortgage: Can you qualify for a Reverse Mortgage in Southern Oregon?
- 12/14/11 03:12 PM
Reverse Mortgage Lending in Southern Oregon is readily available for those who still have equity. The key phrase being "for those who still have equity". While many seniors have diligently paid off their mortgages and avoided home debt, many others have not been able to do so. A reverse mortgage requires around 50% equity- it really depends on the current interest rate, borrowers age and home value, though using 50% is a fine rule of thumb for estimating. The ability to rid yourself of your house payment for good is quite enticing and still within reach for many Southern Oregon seniors. Home values … (0 comments)
Avoid Foreclosure in Ashland, OR
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