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 [...]
Uncovering the Truth About 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 [...]
Benefits of 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. [...]
Reverse Mortgage Survivability
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 [...]
Mortgage Loans at a Glance
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 [...]
