Seniors today often live with a great deal of financial uncertainty. The retirement they imagined may not be consistent with the reality they face. Incomes are flat or declining, living and medical expenses are higher than ever and few income boosting alternatives exist. Even those who have heard about Reverse Mortgages may be unsure about [...]
Posts Tagged ‘FHA’
Understanding Reverse Mortgages
Posted by admin on December 10th, 2009
Posted in Articles 
Tags: Debt Obligations, FHA, Financial Institution, Financial Uncertainty, Home Equity Conversion, Home Equity Loan, Home Value, Incomes, Liquid Resources, Medical Expenses, Medicare, Medicare Benefits, Mortgages, Program Beneficiaries, Proprietary Products, Reverse, Reverse Mortgages, Second Mortgage, Seniors, Social Security, Supplemental Security Income, Understanding, What Is A Reverse Mortgage 
No Comments »Myths, Pros and Cons of Hecm Reverse Mortgages
Posted by admin on December 9th, 2009
First and foremost; the bank does not, nor do they want to own your home. So why do so many people believe this? Prior to FHA getting involved in 1988, the lenders would take an equity position in their Borrowers homes. That practice has resulted in unfavorable feelings towards today’s reverse mortgages. The Federal Housing [...]
Posted in Articles Tags: Borrowers, Cons, Equity Position, Federal Housing Administration, Feelings, FHA, Hecm, lenders, Loan Amounts, Medicare, Medicare Benefits, Money, Mortgage Loans, Mortgage Tax, Mortgages, Myths, Pros, Pros And Cons, Reverse, Reverse Mortgage, Reverse Mortgages, Seniors, Social Security, Upfront Payment, Variable Rate No Comments »FHA Home loans create opportunity
Posted by admin on November 2nd, 2009
The FHA mortgage program is a FHA home loan program designed to assist every qualified and eligible Florida mortgage applicant with the opportunity to own their own Florida home. Insured by HUD and administered by FHA, the FHA home loan provides prospective Florida FHA mortgage clients with opportunities like no other. By offering unbeatable FHA [...]
Mortgage Broker Marketing Tips
Posted by admin on October 2nd, 2009
The role of mortgage broker is growing day by day. A mortgage broker generally works between the borrower and a mortgage lender. Since mortgage brokers represent varieties lenders and loan programs, the borrowers use them. Again the lenders need not do any marketing and are dependent on the mortgage brokers. Being a mortgage broker is [...]