HighTechLending, Inc. NMLS # 7147

Social Security checks increase the most in 40 years

The gas pump and the grocery store are taking a much larger bite out of our collective wallets this year.  At the start of 2021 the average gas price in the US was around $1.85 and currently the average has risen 59% higher in less than a year.  The 70…

Eviction Moratorium final ruling by the Supreme Court

In March 2020, Congress passed the Coronavirus Aid, Relief, and Economic Security Act to alleviate burdens caused by the COVID–19 pandemic. Pub. L. 116–136,134 Stat. 281.  This Act imposed a 120-day eviction moratorium, which was extended until the end of July 2020. This moratorium denied landlords and lenders from evicting…

FHA increases RM Lending Limit for 2021

Reverse Mortgage Lending Limit Rises to Over $822k in 2021 The lending limit for federally-backed reverse mortgages is increasing for the fifth consecutive year in a row, set to hit $822,375 in 2021. The Department of Housing and Urban Development (HUD) announced on Wednesday via Mortgagee Letter (ML) 2020-42 a maximum claim…

Spending more time at home? Fix it up just how you have dreamed of with our digital contact Reverse Mortgage.

We have all spent more time at home than we ever imagined in the last 9 months.  Your world has changed immensely over the Coronavirus pandemic, yet your home has stayed the same.  A realtor client of mine called me the other day to tell me they decided to finally…

SSA advice on starting Social Security & Medicare benefits

Written By WWW.SSA.GOV    At Social Security, we’re often asked, “What’s the best age to start receiving retirement benefits?” The answer is that there’s not a single “best age” for everyone and, ultimately, it’s your choice. The most important thing is to make an informed decision. Base your decision about…

Effectively use home equity in your retirement plan for the bucketing approach

My kids have been putting some money aside in a secret hiding spot so they can buy the newest and greatest video game system.  Without knowing it, they have been using a type of bucketing system to accomplish their goals.  Investopedia defines bucketing for retirement like this: “Bucketing segments funds…

0.6% or 5.5% growth on your savings?

So much of our lives are spent in preparation for retirement. As young people, we are taught to get a good education so that we can earn enough to live comfortably and get money saved for the future. Once we graduate and get a good job, we begin to put…

Chase Bank Halts HELOC applications, but Reverse Mortgage Lines of Credit continue on and are guaranteed!

Last week, JPMorgan Chase announced they stopped accepting applications for Home Equity Lines of Credit (HELOC) loans.  They cited the fact that rising unemployment rates could cause home values to fall.  In 2008, the last time home values crashed the banks first halted taking applications for HELOCS, then they froze…