Protected: Aging with Grace using a Reverse Mortgage
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Reverse Mortgage Financial Assessment
Effective on April 27, 2015, The Department of HUD introduced a financial assessment requirement for all reverse mortgages applicants. If your looking to apply for a reverse mortgage, you now have to demonstrate they have the ability to meet their monthly…
Reverse Mortgage Counseling Process
Before applying for a reverse mortgage, you are required to complete a 3rd party counseling session. The U.S. Department of Housing and Urban Development (HUD) sponsors housing counseling agencies throughout the country and counseling is available in many languages. Participating in…
Reverse Mortgage Process
If your thinking about getting a reverse mortgage you've probably done a lot of research online. To get a good idea if a reverse mortgage is right for you it helps to see your numbers, possible scenarios and have…
Reverse Mortgage Purchase in Florida
What is a HECM Reverse Mortgage Purchase? Yes, you can buy a home with a reverse mortgage. Many qualified home buyers and even real estate professionals are learning about the features of the reverse mortgage purchase. If…
Reverse Mortgage for a Manufactured Home
Today many seniors are finding ways to reduce living expenses and preserve retirement savings. This has lead to an increase in the popularity of reverse mortgages on all properties including Manufactured Homes. Certain manufactured homes will qualify…
Taxes & Homeowners Insurance on Reverse Mortgages
Although a Reverse Mortgage does not require a monthly mortgage payment, it does NOT eliminate other monthly housing expenses such as taxes, insurance for homeowners and maintenance. In the past, some borrowers that have received Reverse Mortgages, have later fallen…
5 Common Reverse Mortgage Misconceptions
1 The lender will own my home. When entering into a Reverse Mortgage the borrowers retain title to the property as long as they continue living in the home. The lender only has a lien attached to the property. 2 Any…
Palm Beach County Reverse Mortgage Lender
Group One Mortgage is Headquartered in Palm Beach County, with a Reverse Mortgage Team specializing in reverse mortgage loans. Our experts work with reverse mortgage applicants from application to closing on their reverse mortgage. How are reverse mortgages are being…
Are You Eligible for a Reverse Mortgage?
Eligible Reverse Mortgage ? Another great article from Forbes covering Reverse Mortgage eligibility. This Forbes article contains great information that covers the basic eligibility requirements for HECM Reverse Mortgages. Posted on Forbes by Wade Pfau The…