If you are a self-employed business owner or a 1099 worker qualifying for an owner-occupied loan can be difficult. You pay your accountant and after all of your expenses you either show a business loss or insufficient income to qualify. It would seem th
Jul 14, 2022 | self-employed borrower Jefferson Mortgage Group bank statement loan cashflow
Do you have options for a Reverse Mortgage if you are only 55 years old? Yes! Our private Jumbo Reverse Mortgage is now open for eligible applications age 55 and above. As rates have risen very quickly since the middle of February, the government HECM
Jun 13, 2022 |
Are you a real estate investor with an existing rental property portfolio that may need a little opportunistic reorganization and or maybe a few additional acquisitions? This is an opportunity to have many properties of different types under one roof, ev
May 16, 2022 | Investor Loans investor financing No Doc Investor Loans Blanket Loan Real Estate Investment Loans
Headline inflation has hit us all mainly at the gas pump and the food store, but it’s everywhere and the adverse effects are more prevalent amongst people that live and depend on fixed income. HECM Reverse Mortgage endorsements had their best year in 202
Apr 11, 2022 | Reverse Mortgage Retirement Planning supplemental retirement income Retirement income insecurity lifetime income with a Reverse HECM Reverse Mortgage Jefferson Mortgage Group Eligibility for Reverse Mortgage Age in Place Inflation cashflow
What does this mean for you? A higher limit will accommodate higher home prices and allow for higher home equity access across the board for all eligible age groups going forward. Higher equity access means the HECM has become a more flexible tool f
Jan 26, 2021 | 2021 Changes HECM Changes HECM Reverse Mortgage Eligibility for Reverse Mortgage Seniors Reverse Mortgage reverse credit line Age in Place
Getting a Reverse Mortgage for a homeowner with an unrestricted approval versus a restricted approval due to credit problems, even some that are very minor, can often be challenging. The program has become much stricter regarding credit incidents since th
Oct 13, 2020 | Reverse Mortgage HECM Reverse Mortgage Seniors HECM Changes Retirement Planning Age in Place Unrestricted Approval success story