FHA Single Unit Condo Approvals Are Now An Option
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
The Most Popular Reverse Mortgage Interest Rates
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.
How Does Financial Assessment Work & What Is A Life Expectancy Set-Aside?
When a homeowner applies for a “forward” mortgage, the lender will want to check their credit to make sure the borrowers have good credit scores.
FHA Eases Condo Approval Rules
Beginning on October 15, 2019, if you own a condo and are trying to get an FHA reverse mortgage your process is about to get dramatically easier.
What Is Mortgage Insurance and Why Is It On Reverse Mortgage Loans?
In this video Bruce Simmons explains what mortgage insurance is and why it is on all reverse mortgage loans.
What Happens To The House When The Last Homeowner Passes Away?
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.
Seven Reasons Why FHA Insured Reverse Mortgages Are Safer Than Conventional Loans
Here Are Seven Reasons Why FHA Insured Reverse Mortgages Are Safer Than Conventional Loans.
Seniors Were Sold A Risk-Free Retirement With Reverse Mortgages. Now They Face Foreclosure.
These are true and tragic situations, but if you can read past the somewhat biased opinions of the article, you’ll see that lenders would honestly prefer to work with the borrowers and heirs.
What Is Negative Amortization And How Does It Work With Reverse Mortgages?
Negative amortization is the process of how a mortgage balance increases over time instead of decreasing.
Reverse Mortgage Colorado Video Blog #1: What To Expect
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.