Only Approved HECM Loans are FHA insured, proprietary products such asJumbo reverse mortgage loansare not Federally insured. Products New Reverse Mortgage Loan A reverse mortgage is a valuable financial tool that allows seniors to access the equity in their homes without the need to sell or make ...
Sometimes the elderly become prey to predatory mortgage lenders. Under the Truth in Lending Act (TILA), lenders have to disclose the cost and terms of a loan along with a lot of other information. The Real Estate Settlement and Procedures Act (RESPA) prohibits the payments of unearned fees a...
Cornerstone Home Lending, Utah is a mortgage broker and lender specializing in the following areas: First Time Homebuyers grants, Reverse Mortgages, Cash Out Refinance, Debt Consolidation Loan, Purchase, Jumbo Loans. We have very competitive mortgage rat
Reverse Mortgage Zone What is a reverse mortgage? Areverse mortgageorhome equity conversion mortgage (HECM)is a special type of home loan for older homeowners (62 years or older) that requires no monthly mortgage payments. Borrowers are still responsible for property taxes and homeowner’s insuranc...
The rule allows lenders to consider IRAs, 401(k)s, lump sum retirement account distributions, and proceeds from the sale of a business to qualify for a mortgage. Any IRA and 401(k) assets must be fully vested. They must also be “entirely accessible to the borrower, not subject to a ...
but must close on a purchase property. The bridge loan becomes the source of their funds for the down payment. One reason for their fall from favor is that there are more and more second mortgage lenders now that will lend at a high loan to value. In addition, sellers often prefer to ...
In today's economic climate, a reverse mortgage can help some seniors. Here are some of the best companies to choose from.
Southwest Funding is that company. We have been serving the needs of our clients since 1993 and we have an A+ rating from the Better Business Bureau. We are a Direct Full Eagle Mortgage Lender and are fully authorized to fund VA, FHA, USDA, HECM (reverse), Fannie Mae, and Freddie Mac...
we pride myself on delivering the best service and loan education in the market. Our ability to shop different lenders ensures that you receive the most competitive rates available. Coupled with our commitment to speed, we’ll streamline the mortgage process to get you into your new home or ...
Find the best mortgage brokers in Sacramento, California, with our trusted brokerage. Get personalized solutions from seasoned professionals Call 916-413-3967.