Credit Review for a Reverse Mortgage
While credit history is an important qualifying factor for reverse mortgage borrowers, it is not something that will likely make or break the borrower’s opportunity…
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About Reverse Mortgages
Reverse Mortgage Counseling
To protect borrowers, reverse mortgage counseling is often required. Counseling is an important step in the reverse mortgage process as it allows the applicant to…
Making Payments on a Reverse Mortgage
Unlike most traditional mortgage loans, HECM reverse mortgage borrowers are not required to make monthly mortgage payments. Instead, payment is due in full either upon…
Reverse Mortgage on Condominiums: Requirements Explained
For years condominium owners have been denied from reverse mortgages due to strict Federal Housing Administration (FHA) guidelines. Fortunately, as of October 15, 2019, newly…
Reverse Mortgage Example
Oftentimes, questions arise from borrowers, family members and basically every other person who isn’t vested in reverse mortgages and does not exactly understand how it…
Reverse Mortgage on Manufactured Homes or Mobile Homes ?
When it comes to manufactured homes, reverse mortgages are not completely out of the question. However, a number of HUD/FHA requirements must be met in…
Reverse Mortgage Solar Panel Impact and Guidelines
Installing solar panels can be an effective way to reduce your carbon footprint, save on electricity and even make you a little money in the…
What Happens After Death with a Reverse Mortgage?
Common Misconceptions Reverse mortgages are intended to enhance the lives of homeowners 62 years and over by enabling them to continue residing in their homes…
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