Agent Page

My Posts/Listings

Reverse Mortgage Rules

The reverse mortgage is starting to become more well-liked among older voters who would like to pay down their debts and increase their retirement revenue. It is anticipated that as the Baby Boom generation moves towards retirement, use of the reverse mortgage will become more frequent. Reverse mortgages differ from a normal mortgage in that there are no standard payments. The funds can be paid... [Read more]

Insurance for Reverse Mortgages

The Home Equity Conversion Mortgage is the sole reverse mortgage insured by the central government. HECM loans are insured by the Fed Housing Administration ( FHA ), which is part of the U.S. Department of Housing and Urban Development ( HUD ). To qualify and continue to be accepted for an HECM the loan must be maintained over time. As a state insured loan, HECMs must follow particular servicing... [Read more]

Give Seniors Help

This week I had the pleasure to help an 86 years old girls, she’s had no householders insurance on her home for the previous 5 years and lives in the hills of Northern California. Also she is behind on her taxes because she just does not have the additional money to pay for these things. I was ready to provide her with a reverse mortgage that will give her $10,000 now to fix up her home... [Read more]

Rules For Reverse Mortgages

Designed for seniors over the age of 62, a reverse mortgage or HECM is a loan that permits the home-owner to convert equity in their principal residence into money, a line of credit or monthly earnings, while maintaining possession. Before HECMs became available, retired homeowners who needed cash had few options. They could sell and perhaps buy something smaller, move in with members of the family... [Read more]