HERO/PACE loans can now be paid off with a reverse mortgage
The United States has bet heavily on solar power, to the tune of 39 Billion in annual solar subsidies. California has also heavily invested in solar power with over $250 million dollars spent helping homeowners to install solar panels on their rooftops, energy efficient windows and doors, heating and cooling…
HTL Reverse Mortgage: Face to face service with LOW PRICES
Your home holds a special place in your heart. It is where friends come to visit, the place where your children come and bring your grandchildren for the Holidays. It is your refuge from the chaos out in the world. Your house is probably your largest nest-egg to help you…
BREAKING NEWS: FHA pays out more money on reverse mortgages starting 1/1/2018
Since the Reverse Mortgage (RM) program inception in the 1980’s there has been a cap on the value a RM will use to qualify a borrower on the program. This year the cap is $636,150; meaning, if a home appraises for $1,000,000 the program only uses the max claim value…
Enrolled in Medicare? You Need To Review Your Plan Before Dec. 7
If you’re a Medicare recipient, you’ll want to tackle an important task before the open enrollment period ends on Dec. 7. Spend a few minutes reviewing your plan to make sure you’re getting the right coverage to meet your needs. You could save hundreds of dollars and get even better…
Do you have to be 62 to get a reverse mortgage?
It has been said that the only thing constant in life is change. In my 15 years working with reverse mortgages I can attest that this product has constantly evolved. Years ago, the hard rule was that only those over 62 could get a reverse mortgage (RM). This caused many…
Breaking: Purchase a brand new home with a reverse mortgage
The Federal Housing Administration has been busy this year improving and securing the Federal reverse mortgage program; the October changes have made it a more sustainable program for future seniors. Purchasing a home with a reverse mortgage had been a little difficult, but purchasing a new home with a reverse…
Financial Advisor/Accounting Tool: Take 60 seconds on your cell phone to get a reverse mortgage calculation
Have you ever been promised a “fast and easy quote” online, only to find out it was neither fast nor easy? After filling out a litany of information regarding your personal financial situation you discover that you only received a promise that someone will reach out to you later. www.Funds4seniors.com …
Are you leaving money on the table? What you may not know about Spousal Social Security benefits
As a kid I used to think that when I went off to school mom would sit around and eat bon bon’s and watch soap operas all day. Now that I am a father, I realize that Mom’s job was the toughest and most important job of all. Dad worked…
Considering a new reverse mortgage (RM) or refinancing your current RM? Do it well before 10/2/2017.
It has been said that the only thing constant in life is change. In my 15 years working with reverse mortgages I can attest that this product has constantly evolved. Years ago, the hard rule was that only those over 62 could get a reverse mortgage. This caused many younger…
Will there be a correction to the Social Security increase for 2018?
After spending a lifetime paying into the Social Security (SS) system, over 60% of retirees depend on it for at least half of their retirement income. After funding this program, we are told that through mismanagement of funds the 3 Trillion in asset reserves for funding this program will be…
