May 22nd, 2013 by Michael
Many metro areas are experiencing some signs of home value appreciation. According to an article by Zillow1 , “Approximately 75% of the metros covered by the Real Estate Market Reports posted annual increases in home values – a sign of the national housing recovery …
May 1st, 2013 by Michael
In 2008, Congress authorized the HECM (Home Equity Conversion Mortgage) for Purchase loan program which allows qualified seniors, ages 62 or older, to purchase a new principal residence using the equity from the sale of a previous residence and eliminating monthly mortgage payments.1 The …
February 7th, 2013 by Michael
Many senior homeowners may take advantage of the equity in their home through a variety of options. Two of the options are the Home Equity Conversion Mortgage (HECM) loan and the Home Equity Line of Credit (HELOC). Both of these options have different requirements …
January 30th, 2013 by Michael
What Do They Need to Know Home Equity Conversion Mortgages are a popular option for seniors planning to age in place. If your parents are looking in to this option, there are some things to make sure they understand as they move forward. Is …
January 22nd, 2013 by Michael
If you’re a homeowner aged 62 or older who’s interested in tapping into your home equity, but not sure how the reverse mortgage program works, here’s what you need to know. Your age, current interest rates, and the lesser of your home’s appraised value, …
January 16th, 2013 by Heather
Many homeowners in the United States, over the age of 62, are realizing that they may need to tap into a portion of their home’s equity to meet their financial needs during retirement. Reverse mortgage loans are an innovative tool to access that equity …
