I’m not sure why Golden Gateway thinks that Reverse Mortgage prospects’ home values are going up
Golden Gateway is a Reverse Mortgage Lender and their website vistors seem to be inputting higher values lately, so they assume that their home values are rising. They announced that “average home values for older Americans have halted their slide after remaining flat or declining for seven consecutive quarters.” The problem is that most people have no idea what their home is worth and in many cases the person using the calculator may not even be the home owner at all (and have even less knowledge of the actual value.) It would be great if “older Americans” home values had stopped their decline, but why would “older Americans” properties be any different than the rest of the country? Here is their data: Read More →
We’re Not Laughing – Okay Maybe We Are
Humor could be described as a spice of life that can lighten a mood, liven a moment or linger as a memory. Sometimes it can bring a full-roar laugh, a simple smile or like now, a sigh of relief that the topic does not apply to you. We recently read an antidote on the recent RESPA changes and how some loan officers might be inclined to respond. Allow us to share … ARE YOU HAVING TROUBLE EXPLAINING RESPA TO BORROWERS? If RESPA changes are the final blow – swaying you to consider a simpler career path, say neurosurgery or something, you are not alone. I have to vent for a minute, because I know you are with me on this one. Let’s see…. A new borrower comes to you because his Realtor told him that you are a fabulous loan officer and he needs to get pre-approved and get a Good... [Read more]
You Need To Know Reverse Mortgage Borrowers Are Highly Protected!
Legislators, media, some senior advocate groups, and even the general public miss the point that reverse mortgage borrowers are already more highly protected. With more protections than with any other loan or financial decision they make they still feel more protections are needed. Currently the only reverse mortgage is the Home Equity Conversion Mortgage (HECM) which is insured by HUD. HUD has guidelines and requirements to protect seniors. Even when there were proprietary (private) reverse mortgage products, they followed HUD’s guidelines. While there are protections, seniors still have the right to make their own decisions, for better or worse. Let’s discuss these protections. Third-party counseling is required on all reverse mortgages. Counseling is absolutely... [Read more]
Fun. Seriously. Ok.. not really…
So, when life throws you a curve ball what do YOU do? Like, a huge curve ball… Apparently I curse a lot. Then punch stuff. Then try my damn-dest to figure out how to outsmart/fix it. And if NONE of that works… then I just go out and find a ridiculously rad apartment and take it! Yes, it’s true. In some bullshit accident in paperwork, my home loan was cancelled a day before closing. This was upsetting to say the least, but Kat Gun and family have been pondering a new location to live anyway… so this was strangely a blessing in disguise. Me and my little clan never like staying in one place for too long… and recently the West Coast has been calling to us (yes.. again). I don’t know.. it’s a lot to consider since I truly LOVE Philly, so I’ll have... [Read more]
What is Bridging Finance?
Bridging Finance allows purchasers or sellers to have access to cash before the registration and tra Read More →
8014 Meadowlark, Rowlett, TX 75088-7387
Completely remodeled throughout! This home features professional landscaping with great curb appeal. Vaulted cielings, a desirable floor plan, with warm paint schemes throughout make this home ideal for first time home buyers. Large kitchen with lots of cabinet and counter space. Master bedroom comes with his&hers clostes and garden tub. This home is move in ready with all new carpet. Very quiet... [Read more about this property]
7533 Yellowstone, Frisco, TX 75034-3814
Light & bright open flr plan, chef’s kitchen w-ss whirlpl appls & ss sink (upgraded-june), gas cktp, corian counters, large island opens to la vaulted ceiling, gas fp & solar screens. Mstr bay window, crown molding, garden tub. Sep shower 10 x 10 walk-in closet. Guest br down full bath. Upstairs spacious gameroom & 3 brs & 2 full baths (1 is j&j. ) oversized patio and... [Read more about this property]
4013 Redpine, Garland, TX 75043
Bring all offers. Beautiful,well maintained,2 story home in rustic oaks subdiv. Home offers 4 bedroom all upstairs. Great floorplan,spacious family room with fireplace that is open to kitchen with an island and breakfast nook. Separate tub and shower,gameroom,gutter,sprinkler,and fireplace. Verify measurement and schools. Read More →
6213 Geneva, Fort Worth, TX 76131-1318
Neat as can be and ready for immediate move in. 3 bedroom, 2 bath. Kitchen overlooks family room and breakfast area. Read More →
5011 Monroe, Midlothian, TX 76065-7086
This is a beautiful custom 4bedroom 3 bath on 1 acre heavily treed & manicured corner lot with cedar fence. Stone and brick exterior. Large living room open to nook and island kitchen with solid surface kitchen countertops and solid s surface sink. Tile throughout with carpet in bedrooms only. Second master with a full bath on opposite side of 1st master. Read More →
10013 Boston Harbor, Providence Village, TX 76227-8524
Beautiful, like new, home with open floorplan and gameroom up! Bring your buyers to this one fast, you will not be sorry! Read More →
7420 Meadow, Fort Worth, TX 76133-7758
Beautiful 3 bedroom brick home in a well established neighborhood. Very clean, fresh paint, ceramic tile in kitchen and bath, brick fireplace in spacious living area, bay window in kitchen, skylights in both bathrooms, french doors that lead to a large backyard, storage building and covered patio in back, and so much more. This is a great value for such a well maintained home! A must see!!! Read More →
6400 Alexandra Meadows, Fort Worth, TX 76131-1221
Beautiful two story 4-2. 5-2 home on cul-de-sac in alexandra meadows subdivision. One of d r hortons most popular models the bosque. Open floor plan. Huge master bedroom downstairs, big gameroom upstairs. Three more large bedrooms, 2 living and 2 dining areas. This home is move in ready. Great bargain on this home. Don’t wait, look now!!! Seller will give $3000. 00 for closing costs or carpet... [Read more about this property]
2969 Latham, Dallas, TX 75229-3721
Wood floors in living room, dining room & bedrooms. Fresh paint. Updated kitchen. Large patio. No disclosure notice. Special forms req’d. Submit pre-qual letter (proof of funds if cash) with offer. Incomplete offers will not be submitted! Buyer to verify all information! Read More →
Refinance Your Home Loan Now!
