Responsibly Using a Reverse Mortgage in a Retirement Plan Reverse mortgages have long been thought of as merely a last resort for someone’s retirement plan, the only remaining alternative when nothing is left to draw on. Before 2013, lending rules were very different and reverse mortgages got a bad rap for giving borrowers up to […]
Mortgages and Home Loans for Seniors
Mortgages and Home Loans for Seniors Great article I found today from Senior living.org. Learn More About Our Experts. Seniors begin looking at their options concerning mortgages for a variety of reasons. Although they’ve invested a good part of their life in their current home, many come to realize that it’s time to make a change. […]
Thoughts On Reverse Mortgages
All My Thoughts On Reverse Mortgages by the banker. I’m not the right age for reverse mortgages but a reader asked me for my help. Some deep-down part of me will always be a mortgage guy, so I decided to learn more about these things. The reader, named Jesse, aged 73, called to relay […]
Higher Lending Limits
Fannie Mae, Freddie Mac Will See Higher Lending Limits in 2018 I found a good story written by Alex Spanko this morning saying that the amount of Government loans is going up. The Federal Housing Finance Agency on Tuesday announced an increase in Fannie Mae and Freddie Mac lending limits, citing nationwide home-price gains — […]
