Do you worry about how you will retire at an age that isn’t 90? Most people with an average income do. You may not have huge savings or 401K. Many don’t. However, today’s homeowners are using a reverse mortgage to plan a secure retirement.    What is a reverse mortgage? [...]

A few years ago, I was talking to a client (Let’s call her Mary) whose home I had financed. We were just catching up with each other and she mentioned she was thinking about buying a new car. I offered to help her look at her finances before she made [...]

Most physician’s situations just don’t fit into the normal guidelines. With a physician loan, all the challenges can be detrimental if not handled correctly.  Most loan officers have only had experience with any of these types of challenges and unique situations once in a while and your loan might be [...]

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 of conventional loans: Conforming and Non-Conforming.  Conforming To qualify 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.   Who Qualifies For a VA Loan? There are a [...]

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 safety from the cattle on the farm to the development [...]

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 [...]