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
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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
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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
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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 othe
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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 over
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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 liqu
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