Archive for January 10, 2019
Financial Planners
Financial Planners Warm to Reverse Mortgages, Though There’s Still Work to Do Although there are still issues in the general reputation of reverse mortgage product offerings, more financial advisors and planners have shown signs of warming up to the product and how it could help their clients to fund retirement. This is according to a…
Read MoreCondo Approval
The problem with getting a reverse mortgage on a condo is approval If you have ever tried to get a Reverse Mortgage for your condo and no-one will assist- its because if your complex is not FHA approved, it is a nightmare to get it approved. With FHA spot approval a distant memory, originators struggle…
Read MoreMore Proceeds
More Proceeds Its hard to explain sometimes that the same base rate on a Reverse Mortgage can fluctuate and give you more money that another; it even harder to get a prospective client to believe me when I tell them that. All other things being equal, prospective borrowers of a Home Equity Conversion Mortgage (HECM)…
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