Borrowers must be at least 62 in order to apply for a reverse mortgage. Per the Federal Housing Authority (FHA) guidelines, there are a few other factors regarding how a reverse mortgage works. Homeowners are required to use the property as their principal residence while maintaining the home ...
Equal Housing Lender Equal Housing Opportunity National Reverse Mortgage Lenders Association USMC This material is not provided by, nor was it approved by the Department of Housing & Urban Development (HUD) or by the Federal Housing Administration (FHA). It is not intended to be a substitute for...
Equal Housing Opportunity National Reverse Mortgage Lenders Association NMLS Consumer Access This material is not provided by, nor was it approved by the Department of Housing & Urban Development (HUD) or by the Federal Housing Administration (FHA). It is not intended to be a substitute for ...
Angella Conrard is a reverse home mortgage specialist, a solution driven analyst providing seniors expert advice and consultation serving CA, OR, WA, ID, CO, TX and FL.
Reverse Mortgage Facts California Henry Munoz Nmls#228855 A letter from a recent FHA insured reverse mortgage client to my office. A testimonial for Henry Munoz Loan Officer "If you are pressed financially, retired or getting ready to retire, and want a budget you can live with, then you ar...
However, the FHA sets a ceiling on the amount that can be borrowed against a single-family house, which is determined on a county-by-county basis. The HECM FHA mortgage limit on the amount a homeowner can borrow is $1,089,300 as of the calendar year 2023. Borrowers looking for a high...
No. We often find that homes in foreclosure are in need of a little TLC. The purchase reverse mortgage will follow FHA’s guidelines in regard to necessary repairs. A good rule of thumb is that anything that presents a health or safety issue will need to be corrected. ...
Call Me:(510) 621-5917|Contact|Loan Calculator Enjoy Your Retirement Without the Demands of Monthly Mortgage Payments. * A Reverse Mortgage Could Change Your Life. FREE EVALUATION Click the button below to send me their info! PreviousNext ...
Call Me:(909) 725-2930|Contact|Loan Calculator|Blog NMLS #237216 (909) 725-2930 Helping Homeowners Enjoy Retirement A reverse mortgage can be an effective tool for giving seniors additional cash to live on using the equity in their home. However, it is not a decision to be taken lightly...
What happens if I have a reverse mortgage and I have to move to a nursing home? Eric SztanyoOwner at Team Sztanyo and We Buy NKY Houses Mark Levine, PhDProfessor, Daniels College of Business at The University of Denver Dr. Kareem TannousReal Estate & Mortgage Broker at Alliance Realty ...