Thinking about taking out a reverse mortgage? A reverse mortgage is a powerful financial tool offering several important benefits for homeowners. However, they are not the right fit for everyone. In order to make an informed decision, you’ll need a better understanding of the pros and cons involved. What Is a Reverse Mortgage? First, let’s
Why do some Realtors roll their eyes when the subject of 203k loans come up? They’re as close to magic as you can get in the real estate world. Especially here in New Orleans where it feels like half our housing inventory needs work. We think that most Realtors don’t really have a good understanding
If you want to make a big impact on your finances in 2019, you won’t find a more powerful tool than refinancing your home mortgage loan before the holidays. Rates are still hovering in the upper 4s or low 5s on a fixed rate loan with good credit even though the “all time low” media
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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