Conventional Loans: What are they? Who are they for?
Conventional loans are among the most popular of all the loan options. For those that have good credit, income and down payment, applying for this loan is fast and easy. Two Types of Conventional Loans There are two types [...]
VA Loans: What Are They & Who Are They For?
VA loans are a great option if you’re Active Duty Military or a Veteran looking to purchase your dream home, pay off debts on your current home, make improvements, or just reduce your monthly payments and lower your interest rates. [...]
USDA Loans: What Are They and Who Are They For?
The United States Department of Agriculture was started with the intention to govern the production of food and assure a safe and sanitary environment to prevent the general population from getting sick. Now, the USDA monitors all aspects of food [...]
FHA Loans: What Are They and Who Are They For?
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 [...]
The Top MYTHS And MISUNDERSTANDING of Reverse Mortgages
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 [...]
Safe and Secure
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 [...]
Advantages of Using a Reverse Mortgage Line of Credit
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 [...]
Bi-weekly Payments?
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 [...]
Refinancing
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. [...]