HighTechLending, Inc. NMLS # 7147

Sure-fire way to improve your mood and stress level

Interest Rates are up, Grocery prices are up, Gas prices are up and social security did not go up nearly enough to make a dent in any of it.  We have had 2 quarters of negative growth, some would call that a recession.  The average American is under incredible pressure…

The Federal Reserve announced significant rate increases and warns of a “housing bubble”

Early on in the pandemic the Federal Reserve (FR) slashed the Federal funds rate (FFR) (the rate it charges to banks for overnight borrowing) to stimulate the economy.  This was to combat the 22 million Americans that could not work and were unemployed.  This huge drop in FFR has an…

More money available soon on Reverse Mortgage loans

Home values have been ballooning in recent years.  The S&P CoreLogic Case-Shiller U.S. National Home Price NSA Index, which covers all nine U.S. census divisions, reported a 19.5% annual gain in September 2021!  The prior year period from September 2019 to 2020 the same area reported a 19.1% annual gain. …

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…

Social Security Increase for 2021

Every year the Social Security (SS) Administration considers a Cost of Living Adjustment (COLA) to all of the social security checks to help your SS check have the same purchasing power year over year. The greatest factor in this calculation is inflation or the rate at which the cost of…