FHA reverse mortgage
Now that you are at least 62 years old and living in your primary residence with the deed under your name, you want to enjoy the remaining years of your…
Which reverse mortgage provider is best for you?
Who are reverse mortgage lenders? How do you choose which is the best for you? We've come up with some points that will help you narrow your choices and pick…
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…
Home insurance vs. mortgage insurance
How does home insurance work with a mortgage? You may be confused with all the financial jargon that lenders tell you, so allow us to help you simplify the terms.…
MPI – should you get it?
MPI, or mortgage protection insurance. Is it a necessity or just an additional burden for you? Before we move forward, what is MPI? Mortgage protection insurance is a safeguard for…
First time home buyer mortgage calculator
So this is your first time to buy a home. Congratulations! This is a big step, and you are doing a great job of taking this step towards owning your…