Everybody knows reverse mortgages are like refinances, right? Someone has owned their home for years and built up equity, and a reverse mortgage allows them to access that equity while still keeping their home. BUT… Not many people know that you CAN use a reverse mortgage to BUY a house! How Reverse Mortgage Purchase Loans
Changes to guidelines for jumbo loans ought to get your attention if you’re a real estate professional in metro New Orleans. But unlike most of the news over the last 10+ years in lending, these jumbo changes represent GOOD news for borrowers & real estate professionals. Most people think you need a 740 score &
The phrase “think outside the box” certainly is relevant in the real estate industry these days. For the last 10+ years, mortgage lending has essentially lived “in the box” from a guidelines standpoint and overall approach to risk. The risk tolerance pendulum is now swinging back the other way. It won’t be long before YOUR
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