HighTechLending, Inc. NMLS # 7147

Breaking: FHA eases condo rules for Reverse Mortgages

In the past condo owners were lucky if they were one of the few condo complexes that were FHA approved; only 6 ½ % of condos are actually FHA approved (housingwire.com).   I worked with an applicant in San Diego and we tried for 6 months to get her condo to…

Seniors Find Important Perks by Aging in Community

When it comes to aging in place, today’s seniors are brainstorming some brilliant solutions. “Aging in community” is an innovative variation, broadening seniors’ options and helping them to not only avoid nursing homes, but also avoid senior isolation. Read on for important information about seniors who are resolving the dilemma…

Reverse Mortgages have changed significantly over time

Most retirees understand a Reverse Mortgage (RM) can be used to access a percentage of the equity in their home, but don’t know how versatile a tool it can be.  Here are some potential uses:  A source of tax-free money (consult a tax advisor).  Protection against future drops in housing. …

Aging in place and alternative options for receiving care in home

Almost 90% of those 50 and older would like to stay in their homes as they age, yet only 46% of retirees believe that they will be able to stay put throughout their retirement, according to an AARP survey.  There is a gap of 44% that would like to stay…