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Financing Solutions for Mature Homeowners with Credit, Debt to Income or Cash Flow Challenges
Mature homeowners are confronted with many roadblocks when it comes to refinancing their homes or purchasing a smaller one. Traditional loans have a debt to income requirement of 38%. Your debt includes existing minimum payments on credit card and loan payments, as well as the mortgage payment you’d have…
Recent Posts
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- Underutilized Strategy of Retirement Planning: Potentially Prolonging 401k & IRA returns
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- Use a Reverse Mortgage strategically for deductions when needed and grow the Line of Credit simultaneously ; Excerpts from “The Street” website (see link below)
- Breaking: FHA Reverse Mortgage loan limit increasing to over a million dollars in 2023
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