How are Reverse Mortgage Funds Used?
1-Minute Video: #Seniorhomeowners are using the additional tax-free cash flow generated by a #reversemortgage in many creative ways to benefit themselves and their families. Homeowners are no longer required to make a principal and interest payment, allowing them to boost their cash flow… free of income tax. The monthly payment becomes optional, giving the […]
Fact and Fiction About Reverse Mortgages
1-Minute Video: There’s a lot of misinformation out there about #reversemortgages, so let’s separate the facts from the fiction. To qualify for a #reversemortgage, you must own your home outright or have at least 50% equity, but you don’t have to surrender the title… you retain ownership. A reverse mortgage is a way for […]
How Does a Reverse Mortgage Work?
1-Minute Video: Reverse Mortgage Tustin CA A #reversemortgage is a unique way for seniors who are looking to generate additional cash flow – beyond their 401K and Social Security payments – to help fund their retirement. It helps relieve the anxiety that seniors may feel about outliving their money by allowing them to tap into […]
New FHA Loan Limits for 2022
New FHA loan limits were recently announced, which is good news for home buyers and those looking to refinance their current loans. If you’re new to loan limits and not sure why this is exciting news, here is a quick primer: When you apply for an FHA loan, there’s a limit on how much you […]
How To Remove Mortgage Insurance From Your Home Loan
You don’t need to put a minimum of 20% down on a new home. That’s the upside. The downside is that you’ll need to pay mortgage insurance if your down payment is less than 20%. Read this post to learn the factors that determine if and when you can get rid of your mortgage insurance. […]
Your Guide to Refinancing Your Condo
How to Refinance Your Condo in 2021? A condo refi is similar to refinancing any other home. The lender will look at your income, assets, and credit to ascertain your qualification. Plus, the condo will also be appraised to determine the property value. However, since there are more variables when refinancing a condo, such as […]