During the brunt of the recent mortgage crisis, when lenders nationwide faced unprecedented levels of mortgage loan delinquency in short periods of time, it was common to see delinquent mortgages sit with no adverse lender action. The lenders did no
For every story of someone that got hurt with a bad mortgage in the housing crisis it sure would be nice to hear a good story. We all know that regulation and re-regulation has been a boon for the people that grow trees and make paper. The big
Achieve diversification, increased liquidity, and financial peace of mind by using a HECM for Purchase to buy a new primary residence. Instead of solely focusing on downsizing as we age why don’t we expand on this thought and make it a financial st
Due to litigation pressure and loud voices of non-borrowing spouses that have abruptly found themselves without a home upon the passing of the borrowing spouse, the government has attempted to unravel the complexity of this issue, thereby removing risk fo
Just last week, HUD announced positive changes to the principle limit factors that govern home equity access levels for eligible homeowners. While younger homeowners in their sixties may not see much benefit in the form of increased eligibility, the
Eligibility for a Reverse Mortgage is based on your property value and the age of the youngest borrower. The older you are, the more eligibility you have to access your home equity. Reverse Mortgages are an attractive way for retirees and active