HECM – Is it for you?
You've heard a lot of HECM or Home Equity Conversion Mortgage or Reverse Mortgage. But what is this mortgage that is beneficial for senior borrowers? What are the benefits and…
One-time-close construction loans
Wondering what the difference between a one-time close and two-close loans is? Let's start with two-close loans. When you want to buy a property and build on it, you need…
Buying a house in foreclosure?
Is buying a house in foreclosure something that you have been considering? When does foreclosure happen for a homeowner? It is when they can't pay for their obligations anymore, and…
Retirement security in HECM
You've been working for a long time, and you can't wait to enjoy your American retirement. Did you know that taking out a reverse mortgage can work in your favor…
HECM guidelines
Are you wondering how reverse mortgage works? There are three kinds. One is the single-purpose reverse mortgage offered by non-profits and some local government agencies. Another is the proprietary reverse…
Is reverse mortgage for you?
62 years old and above? Good news because you can avail of a reverse mortgage to help you cope with the current financial crisis brought by the COVID-19 pandemic. But…
Home prices are up. Rent or buy?
Home prices are rising, and this is a good time to be a homeowner. It has been about 10 years now since the price has bottomed out. So if you…
Will Housing Prices Crash Soon?
This COVID pandemic has put everybody's lives and businesses upside down. The news has been telling us that we are not only battling the health issues brought about by COVID-19,…
What is cash out mortgage
What is cash-out refinance? Imagine that you owe somebody $1,000. You want to take out another loan, and you want to have extra cash for another project, so you take…
VA loans and mortgage insurance
Are you in the market for a mortgage for your home? You might want to consider getting a VA loan. Why should I think about getting a VA mortgage? …