I love talking with my clients, prospects and closed clients alike. They are my inspiration for most of the posts on my blog. Yesterday, I was speaking with Jerry, a client who currently has a reverse mortgage. He was interested in refinancing out of his reverse mortgage into a 30 year fixed ra
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01/26/2010
years old, have a substantial down payment, and are buying a primary residence you may want to research FHA's Reverse for Purchase Program. FHA defines "HECM for Purchase" as a real estate purchase where title to the property is transferred to the HECM borrower, which the borrower will occupy as
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01/25/2010
I have posted on this topic before, and recently have had more questions and visits from seniors who are concerned about their reverse mortgage balances being higher than their home's current value. I want to go into a bit of detail, but before I do here's the answer in a nutshell: As long as th
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01/20/2010
I enjoyed this article from the Motley Fool today, especially the part about taking a look at the opportunity to investigate whether a fixed rate reverse mortgage makes sense for specific senior homeowners. Hope you find it helpful too.
01/06/2010