The Reverse Mortgage Professional

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Mortgage and Lending - Orange County, Corona, Riverside, Los Angeles - NMLS#203003
All things Reverse
Back in the late 1980s I worked in the senior world at a retirement home. I was the administrator and I would go to these “Coalitions on Aging” meetings where the big topic of conversation was what are we going to do with the baby boomers? There were (and are) so many of them and many were projec...
Let’s say you get lucky and win the lottery or get a big inheritance someday. Are you allowed to pay off the HECM reverse mortgage in full? Absolutely! There is no prepayment penalty or limitation on paying off your reverse mortgage balance in full at any time.Now, having said that, it may be a g...
What’s in it for the Bank?Many reverse mortgage applicants express that the reverse mortgage just sounds too good to be true. The old adage is that if it sounds too good to be true, it probably is, right? Well, believe it or not, I love hearing people say this because it shows that they get it. T...
Why My Mother Got a Reverse MortgageMy mom got her HECM reverse mortgage before I got into the reverse mortgage business. I didn't know she was thinking about getting a reverse mortgage, so it was a bit of a surprise when she and her husband called to get my opinion about the idea.“Honey, you're ...
It’s hard for  to believe, but I've been doing reverse mortgages for eleven years now. Oh my goodness, time flies! My first experience with a reverse mortgage was back when I owned a successful mobile notary company and was asked to do a reverse mortgage closing for the first time. As I started g...
I recently received a call from a couple in Hemet.  They are interested in finding out how a reverse mortgage can improve their retirement.   I'm excited to meet with them because they have already improved their financial situation greatly by paying off their mortgage and now own their home free...
  Can I refinance a reverse mortgage with a new reverse mortgage?  The answer is sometimes.  And it depends upon the current equity in the property.   Home values have risen quite a bit over the last two years, in some communities here in Southern California as much as 20% per year! In a situati...
Here's an Upland Reverse Mortgage Story.     I'm so excited to be helping a wonderful lady in Upland right now.  She’s lived in her home just 22 blocks from the Euclid Avenue "Ye Bridle Path" for over 25 years. In 2003 her and her husband refinanced their home. Then just a few years later her hus...
Orange County Reverse Mortgage Question -  Reverse Mortgages are Non-recourse loans - what does that mean?   Recourse and non-recourse are terms used in conjunction with mortgages that describe the options/procedures that the lender has available to use when a loan is not repaid according to the ...
Reverse Mortgage Scams.  I recently posted a blog article on this subject including my lastest video, "Reverse Mortgage Scams".  Today I see the headline: Surviving Spouses Sue HUD Over Reverse Mortgage Rules in a Class Action Lawsuit  and this is one scam I neglected to mention in my video and t...

Deborah Nance

Southern California , Reverse Mortgage Specialist
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