reverse mortgage: Reverse mortgage helps widow - 01/10/09 12:17 AM
I just heard a touching story of a recently widowed lady who was left with next to nothing.  A home paid in full and a pile of bills and funeral expenses.  Since she intended to live in the home from here on, the answer was simple.  She applied for a home equity - reverse mortgage.
She caught everything up and had access to more of the equity in her home if she ever needed it.  Talk about piece of mind!
The great thing is that, unlike the typical mortgage, the qualification process is a walk in the park.  The credit score … (4 comments)

reverse mortgage: Reverse mortgage saves senior! - 01/06/09 11:20 AM
The husband passes away suddenly.  The funeral expenses are mounting.  There is not enough money to keep up with the mortgage.
Why not apply for a reverse mortgage?  A senior can receive a lump sum to pay off the existing mortgage, pay the back bills and NO monthly mortgage payment is ever paid!
The loan gets paid off after the senior leaves the home and the rest of the equity goes to the senior or the heirs.  What could be better in a situation like this?
Randall - 863-604-0169 … (0 comments)

reverse mortgage: Specail mortgages for seniors ONLY - 12/08/08 09:48 AM
Reverse Mortgages Home Equity Conversion Mortgages (HECMs) or convert the equity in a senior's home to CASH.
The money received is not repaid until the home is sold or the seniors leave the home, at which point the proceeds from selling the home pay off the loan and the remainder of the proceeds got to the seniors or their heirs.
The approval process is the easiest out there and the money can be used to balance the budget, home improvement, uncovered medical expenses, extra life insurance, you name it.
This is a great option for seniors to consider.  For more information or to see … (0 comments)

reverse mortgage: The easiest loan ever - for seniors only - 12/03/08 02:47 AM
Seniors over age 62 can utilize a new tool to smooth out their finances.  If there are some home improvements that need to be done, bills that need to get caught up or uncovered medical expenses, this should be a great thing to consider.  Seniors can easily use the equity in their home's to receive monthly checks or a lump sum payment.  What is very unique, is that the loan does not require repayment until the senior leaves the home.  Again, no monthly bills!
If you are a senior in Florida and you would like to see how much you will … (0 comments)

reverse mortgage: Equity loans for Seniors only - 11/17/08 05:26 AM
Now seniors can easily borrow against the equity in their homes and qualification is SIMPLE and EASY.  HECMs or reverse mortgages use the equity in the home to actually pay the senior every month.  The money can also be received in a lump sum or as a line of credit.
The money received is not repaid until the home is sold or the seniors leave the home, at which point the proceeds from selling the home pay off the loan and the remainder of the proceeds go to the seniors or their heirs.
The approval process is the easiest out there and the … (1 comments)

reverse mortgage: On a fixed income? Want more each month? - 11/12/08 01:38 AM
Seniors over 62 years old have a great tool available to them.  HECMs or reverse mortgages use the equity in the home to actually pay the senior every month.  The money can also be received in a lump sum or as a line of credit.
The money received is not repaid until the home is sold or the seniors leave the home, at which point the proceeds from selling the home pay off the loan and the remainder of the proceeds got to the seniors or their heirs.
The approval process is the easiest out there and the money can be used to … (3 comments)

reverse mortgage: Let your house pay for it! - 11/07/08 01:12 AM
Seniors can now get approved for a reverse mortgage where the equity in their home actually pays them every month.  The money can also be received in a lump sum or as a line of credit.
The money received is not repaid until the home is sold or the seniors leave the home, at which point the proceeds from selling the home pay off the loan and the remainder of the proceeds got to the seniors or their heirs.
The approval process is the easiest out there and the money can be used to balance the budget, home improvement, uncovered medical … (1 comments)

reverse mortgage: So your client wants to buy a mobile home, is financing available??? - 11/06/08 10:32 AM
Welcome to mobile home lending made easy! If the mobile home, (single wide or double wide) was built after June of 1976, there are tons of lenders lining up to fund a FHA or VA loan.  These loans require very little down (3%) too. 
If the home is older than June, 1976, things get a bit trickier, but I can still help.  The maximum loan-to-value is going to drop to 80% or less.  Loans on pre-1976 are not government insured by the FHA or VA either, so the borrower's credit score will need to be better.  Although there are fewer of these lenders, there are … (7 comments)

reverse mortgage: Short on cash and need to do some remodeling? Let your house pay for it! - 11/06/08 10:22 AM
A Reverse Mortgage is the answer.  Seniors over the age of 62 can access the equity in their home's with a government insured Home Equity Line of Credit via a Reverse Mortgage.  This is a great tool and it's called reverse because instead of paying the bank monthly, the bank sends the senior a check monthly. 
Now the senior can write a check for home improvements, uncovered health care or whatever he/she wishes. 
The other options are a lump sum at closing or regular monthly payments.
Improve the quality of your favorite seniors life by letting them know about Reverse Mortgages.  … (0 comments)

reverse mortgage: Seniors Budget Bailout - 10/31/08 06:54 AM
 
Seniors can receive monthly payments from the equity in thier homes!  This is called a Reverse Mortgage and they are government insured.  This is a timely tool when the budget is stretched so thin. 
Now the senior can write a check for home improvements, uncovered health care or whatever he/she wishes. 
The other options are a lump sum at closing or regular monthly payments.
Improve the quality of your favorite seniors life by letting them know about Reverse Mortgages.  It's a great tool to help a lot of seniors.
In Florida, call Randall at 863-229-1235 http://activerain.com/SuperBroker007
 
 
(0 comments)

reverse mortgage: Reverse Mortgages; A viable option for seniors - 10/28/08 02:58 AM
An exclusive mortgage for seniors only! It allows them to have their home pay THEM a monthly payment. Now, seniors 62 and older can qualify for a special type of mortgage that makes monthly payments to THEM!  It's really true and easy to qualify, basically just answer a few simple questions and your options will be explained.
The money can be used for whatever the senior wishes.  Sometimes home improvements are in order to make the home easier to live in.  Other times, some debt consolidation could take the strain off the family budget.  Whatever may add to the senior's quaility of … (0 comments)

reverse mortgage: Seniors find Reverse Mortgages a super tool - 10/27/08 10:02 AM
Did you know, seniors over the age of 62 can access the equity in their home's with a government insured Home Equity Line of Credit via a Reverse Mortgage.  This is pretty cool! 
Now the senior can write a check for home improvements, uncovered health care or whatever he/she wishes. 
The other options are a lump sum at closing or regular monthly payments.
Improve the quality of your favorite seniors life by letting them know about Reverse Mortgages.  It's a great tool to help a lot of seniors.
In Florida, call Randall at 863-229-1235 http://activerain.com/SuperBroker007
 
(1 comments)

reverse mortgage: Seniors enjoy a nice budget boost, when their house pay them every month! - 10/24/08 08:08 AM
Seniors over the age of 62 can access the equity in their home's with a government insured Home Equity Line of Credit via a Reverse Mortgage.  This is pretty cool! 
Now the senior can write a check for home improvements, uncovered health care or whatever he/she wishes. 
The other options are a lump sum at closing or regular monthly payments.
Improve the quality of your favorite seniors life by letting them know about Reverse Mortgages.  It's a great tool to help a lot of seniors.
 
(0 comments)

reverse mortgage: Hey seniors, your house can pay YOU! - 10/22/08 02:59 AM
Seniors  are tapping into their home's equity to shore up their budgets.  It's a great option and works like this;
Upon reaching age 62, a homeowner can take out a "Reverse Mortgage".  It's reverse, because monthly mortgage payments are sent from the bank to the homeowner.  The homeowner can also take out a lump sum or a line of credit or any combination of the three. A client I had didn't want to spend her kid's inheritance for her own good and health.  That to her was  just selfish.  Contrare!  Her kids were all better off than she was and they wanted her to … (1 comments)

reverse mortgage: Fixed Income and Mounting Needs - What is a senior to do? - 10/10/08 01:59 AM
A senior on a fixed income has a real situation if there is a sudden JOLT in the monthly budget.  A conventional mortgage may not be possible because of certain housing and debt to income ratios we are required to use.  Plus, how high must a person's credit score be to get a mortgage these days?
Reverse Mortgages (HECMs) - Seniors over 62 years of age can very easily borrow from the equity in their own home.  The qualification process is simple.  Income and credit scores don't matter and no monthly payments are made, actually, they can be received!
The money … (0 comments)

reverse mortgage: Exclusive mortgage for Seniors only! - 10/08/08 01:06 AM

Now, seniors 62 and older can qualify for a special type of mortgage that makes monthly payments to THEM!  It's simple to qualify too, by answering a few simple questions all of the options are at hand.  They can choose to receive monthly payments, a lump sum, a home equity line or any combination. 
These loans are called Home Equity Conversion Mortgages or HECMs.  The senior is simply borrowing back some of the equity they have built up in their home.  The money is repaid when the senior moves away, sells the home or no longer lives in the home.
The money can be used … (0 comments)

 
Randall Schrader (Competitive Insurance of Dundee)

Randall Schrader

Dundee, FL

More about me…

Competitive Insurance of Dundee

Address: 115 Dundee Rd, Dundee, FL, 33838

Office: (863) 438-9290

Fax: (863) 229-1684



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