It is true that the Self Employed borrower normally hits a wall when it comes to qualifying for a mortgage when asked for their Federal tax returns. The process by which your accountant works their magic is the often the exact opposite of what the lenders
Is mortgage debt eliminated when you get a Reverse Mortgage? Some would venture to say the debt is eliminated, however, this is misleading and causes significant confusion and lack of understanding with the program. This concept appears too good to
Terrific article that puts the terminology surrounding reverse mortgages in better context and explains it so normal people can understand. As the article denotes, with a Reverse Mortgage, foreclosure is not necessarily a bad thing. Foreclosure is n
A parachute from high altitude is always a lifeline. When a retiree or a senior, whether still working or not, gets into potential trouble with a forward mortgage payment becoming unaffordable, a HECM Reverse Mortgage can serve as a financial lifeli
Nice article comparing wealth and consumption effects of a HECM Reverse Mortgage. I would like to add a few things. First, the money is essentially the same. You either pay the mortgage payment or have your home equity make the payment.
It would appear that we may have a new word candidate for the mighty review board at Webster's. Rentership is a new phenomenon that is pervasive throughout our real estate economy. It is hidden below the radar and often not breached in con