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…
Characters Debtor: person filing for bankruptcy Creditor: person or entity who the debtor owes Trustee: third party responsible for overseeing the bankruptcy case Bankruptcy…
In conventional mortgages, borrowers need to make regular monthly payments to steadily reduce the balance of their loan. Failure to make these monthly payments will…
What is a reverse mortgage? The Consumer Financial Protection Bureau defines a reverse mortgage as a “special type of home loan for older homeowners that…
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…