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Reverse Mortgage Success Despite Credit Problems

Reverse Mortgage Success Despite Credit Problems

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

HECM Reverse Mortgages for Retirees and Seniors

HECM Reverse Mortgages for Retirees and Seniors

How are mom and dad doing during the pandemic? Hopefully they are home and staying safe.  It’s not like everybody isn’t stressed enough by the current situation. It is clearly affecting everyone.  As for older people, one of the other less talked about si

Jun 23, 2020 | Reverse Mortgage Jumbo Reverse Mortgage Age in Place Senior Advocate Seniors

VA Loans for Veterans with Lower Credit Scores

VA Loans for Veterans with Lower Credit Scores

Most veterans are relegated out of the VA Loan Program by the marketplace for having lower credit scores and credit related issues.  Many lenders shy away from VA borrowers with less than 620 credit scores and others have instituted underwriting overlays

Mar 03, 2020 | mortgage VA Low Score VA LOAN manual underwrite

Jumbo Reverse Mortgage Option

Jumbo Reverse Mortgage Option

Low interest rates have, in one perspective, liberated older homeowners by giving them many choices to stay in their family homes with Jumbo Reverse Mortgages.  Some of the choices may include paying off existing mortgages and other debt, adding liquidity

Oct 16, 2019 | Jumbo Reverse Mortgage Age in Place supplemental retirement income downsizing 55+ High-Value Homes

Qualifying for a Mortgage with Assets

Qualifying for a Mortgage with Assets

Federal rules from Dodd Frank have made it much tougher for borrowers outside the traditional channels, such as Fannie Mae, Freddie Mac, and the government loan programs, to qualify for mortgages. There are some interesting products for the self-employed

May 02, 2019 | Specialized Forward Mortgages mortgage Non QM Asset Qualifer Asset Based Mortgage Traditional Mortgage

A Jumbo Reverse Mortgage Success Story

A Jumbo Reverse Mortgage Success Story

A husband and wife in their late sixties are comfortably retired in a nice family home with the exception of mortgage payments.  Everyone they have spoken with recommends selling their home and downsizing but they reject that notion.  They like their home

Jan 16, 2019 | Jumbo Reverse Mortgage lifetime income with a Reverse Seniors Retirement security private label reverse mortgage 55+ High-Value Homes

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