HighTechLending, Inc. NMLS # 7147

Redfin Market report: Sellers dropping prices. Now a buyers market.

According to Redfin’s  July 2014 Housing Tracker report  more and more sellers will drop their prices this fall to attract buyers. Redfin agent Adam Welling tells Redfin. “When a buyer sees a price drop, she takes it as ‘blood in the water’ and wonders what’s wrong with the house (or the…

Biggest Fee on RM can now be cut by 80%

Probably the biggest concern people have over doing a Reverse Mortgage are the high initial costs.  This is a valid concern, but there are protections that a RM offers that a standard loan does not.  Let me explain, the biggest cost to do a RM is the IMIP or Initial…

NEW Reverse Mortgage for High Value Homes

The Reverse Mortgage market has mostly had the standard HECM Reverse Mortgage option for the last 4 years.  This has created a void for homeowners with homes between $625,000 and $2 Million.  Until now.  Urban Financial has recently created a flexible Jumbo product for this group.  The Max payout on the HECM loan is just…

Need Cash to fix up your home that you want to sell? Use a Reverse Mortgage as a Bridge

I always tell my clients, a Reverse Mortgage is a tool that will work well for some situations and will not work for other situations.  The important thing is to be aware of how it works so one can understand all of its applications.  One such use would be as…

Financial Advisor Magazine: Baby Boomers financial needs are different than their parents

The only constant in life is change.  The cultural and savings habits of the World War 2 Generation and the Baby Boomer Generation is substantial.  The typical WW2 retiree has spent a lifetime saving for retirement, has a pension from the company they worked for for 40 years and pays off…

Top Social Security Myths That May Cost You

Social Security is a major part of most Baby Boomers retirement strategy, but there are major misconceptions that can cost you, if you believe them.  Do you know how many years of your income Social Security is based on?  If you work after receiving Social Security checks, does it affect your payouts?…

The biggest threat to the financial security of retirees.

With more and more baby boomers reaching retirement age, there is a looming threat to your financial security that is largely unprepared for.  In fact, 75-80% of retirees have no plan to even prepare for long term health costs.    There are 2 main reasons only 25% of mature citizens have prepared…

NEW Reverse Mortgage for Purchase Calculator

There is good news for homeowners, Realtors, or other professionals that would like to quickly and easily calculate how much of a home one qualifies for on the Reverse Mortgage for Purchase program.  www.Funds4Seniors.com has a brand new CALCULATOR that any professional should have bookmarked.  All you need to do is put…

Reverse Mortgages will soon provide even higher payouts for older borrowers

Whether you live in Orange County. Los Angeles County, Riverside, San Bernardino, or San Diego Counties you may receive a higher payout for your reverse Mortgage.  If you are looking for funds to travel, renovate your kitchen, help grandkids with their education, or pay medical bills, the good news is,…

Purchasing a home with a Reverse Mortgage

Many Mature homeowners have heard of Reverse Mortgages, but, not many are aware that they can actually purchase a home using an FHA insured Reverse Mortgage, and both prospective homeowners do not need to be 62 years old.  Currently, there is NO minimum credit score, No income requirements, and there is…