Like a reverse mortgage, a home equity loan allows you to convert your property’s equity into cash. You get the loan as a single lump-sum payment from your mortgage lender. You will make mortgage payments to pay off the home loan, which typically has a fixed rate. However, unlike a r...
Take the phone call from one interested in a reverse mortgage. Generally spend 30 to 60 minutes gathering information about the situation, why they are inquiring about the reverse mortgage, providing initial information, discussion options available, and getting information to run calculations to determ...
My reverse culture shock was so bad on visits home while I lived overseas that I wondered if I could ever return to Australia. Eventually, I met and married a German who convinced me that we should give it a go. And it’s turned out fine, but not without some reverse culture shock. ...
Posted inAging In Place,Bank Lender,Financing Options,HECM,HUD,MN Reverse Mortgages,Mortgage Broker,Mortgage Lender,Retirement,Reverse Mortgage,Reverse Mortgage Fees,Senior Financing,Senior Issues|TaggedFHAFinances,Financial Planning,Good Faith Estimate,HECM,Home Equity Conversion Mortgage,Minnesota Reverse Mor...