In the Reverse Mortgage minute video blog today, I compare the differences between getting the entire condo complex approved to the new SUA process.
Reverse Mortgage News
In the video today Bruce discusses how if the "expected rate" is high, the amount of money you can receive is less and visa versa.
In this video Bruce Simmons explains what mortgage insurance is and why it is on all reverse mortgage loans.
By far, the most common reverse mortgage misconception is that the bank takes the home (and all the equity) when the last homeowner passes away.
Negative amortization is the process of how a mortgage balance increases over time instead of decreasing.
This is my very first video blog. I am excited to start this video blog as a way to introduce you to myself and the world of Reverse Mortgages.