Do Out of Town Lenders Offer Better Deals Than Local Lenders?
Tuesday, 19 March 2019
It happened AGAIN this month. My phone rang – it was a buyer in meltdown mode. Let’s call them the Smiths. They were totally freaking out. The Smiths were pre-approved with one of the big national lenders from out of town (you’d recognize the name). But that was weeks ago. The Smiths had just days
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2 Scenarios Which Make Sense for Reverse Mortgages
Friday, 18 January 2019
January is a good time of year to revisit the topic of financial planning with your clients since most people usually feel some level of spending “hangover” from Christmas. When looking at the financial planning tools available to your clients age 60 and older, a reverse mortgage might be something to consider in a few
- Published in Mortgage
Using a Reverse Mortgage to Get Into a New Home in the New Year
Friday, 04 January 2019
Reverse mortgages are a great way for seniors to obtain extra money during their retirement years without moving out or giving up their lifestyle. By using the equity in an existing home, seniors can obtain cash to pay for trips, remodel their home, or cover the cost of increased medical care. With that being said,
- Published in Mortgage
Is a Reverse Mortgage Right for You?
Wednesday, 28 November 2018
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
- Published in Mortgage
Can you use a reverse mortgage to BUY a house?
Tuesday, 02 October 2018
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
- Published in Mortgage