The Federal Housing Agency is part of the U.S. Department of Housing and Urban Development, and an FHA loan is a mortgage loan, insured by the FHA, and issued by an FHA-approved lender. But where did the FHA get its start and who do they apply to? Let’s first take [...]

Why is there so much anxiety and so many concerns voiced about reverse mortgages from friends, relatives, and the media? It is very simple. In the beginning, before HUD and FHA were involved in the program, some private reverse mortgages had fraud problems that hurt some retirees. The program is [...]

Just a quick note to let you know how I can help you or anyone you might refer to me.  Recently I received a call from Bob, a gentleman who wanted to purchase a condo for his adult daughter. She did not qualify on her own because of her low [...]

Your financial advisor may encourage you to have a line of credit for unexpected (or planned) purchases or shortfalls in cash flow. However, a HECM reverse mortgage has a clear-cut advantage over the traditional credit line, in that it has a growth option (growth applies to unused funds).  While [...]

I had a client the other day who received an advertisement in the mail that looked like it came from my office, but it turned out that it was marketing material from an out of state company!   I am very glad our client called us about it. The question [...]

It can be really confusing seeing all the advertisement on refinancing, and perhaps many people wonder if it would make sense.  A lot of people have low mortgage rates, however, refinancing is not just about lowering your mortgage rate. Refinancing to plan ahead for your next home, or to [...]

Harold Evensky, Professor- Texas Tech University  Monte Carlo Studies - Reverse Mortgage - Survivability  It has come to my attention that a lot of financial planners missed the ground-breaking study regarding reverse mortgages that was published in the Journal of Financial Planning a few years ago.   The study [...]

You’re probably looking into buying a home, if not you wouldn’t be here! It can be pretty overwhelming trying to navigate through all of your options. Not every loan works for every person, so here are five common loans for you to get an idea of what might work [...]

If you’re unsure whether or not refinancing would make sense for you to do, keep reading. Many people think that refinancing isn’t necessary since they already have low mortgage rates; however, refinancing is not just about lowering your rates. There are several benefits in refinancing for homeowners everywhere. Refinancing [...]

If you’re a doctor (or other health care professional), yours is one of the most valued and prestigious fields in our society. So why do so many medical professionals have such a hard time qualifying to buying a home? There are several reasons: High Student Loan Debt. 98% [...]