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How A Reverse Mortgage Can Help With Long-Term Care

January 16, 2020 by Robby Oakes

Anyone who has paid attention to the TV recently has likely seen a lot of commercials for something called a reverse mortgage. For those who might not know, a reverse mortgage is exactly that. In this option, people receive monthly payments from a lender in exchange for equity in their homes. In essence, this functions as an annuity.

Filed Under: Mortgage Tagged With: Equity, Financing Options, Mortgage

Can A Reverse Mortgage Impact Your Social Security Or Medicare Benefits?

December 10, 2019 by Robby Oakes

One of the most common worries that people have is money. When it comes to those golden retirement years, many people worry about running out of money. At the same time, most people who reach their retirement years have a lot of equity in their home.

Filed Under: Mortgage Tagged With: Financing Options, Mortgage, Reverse Mortgage

3 Crucial Questions To Ask Before You Co-Sign A Mortgage

November 27, 2019 by Robby Oakes

A mortgage is a significant responsibility. For this reason, many people have someone co-sign with them on their mortgage. Before agreeing to co-sign on any mortgage, it is important to ask the right questions. There are several crucial questions that everyone should ask before they co-sign on someone else’s mortgage.

Filed Under: Mortgage Tagged With: Co-Sign, Financing Options, Mortgage

What Exactly Is Private Mortgage Insurance (PMI)?

October 16, 2019 by Robby Oakes

PMI, which is also called private mortgage insurance, is protect that the lender may ask the buyer to purchase. In the event that the buyer defaults on their home loan and the home enters foreclosure, the lender has a way to recoup their losses.

Filed Under: Mortgage Tagged With: Financing Options, Insurance, Mortgage

New FHA Financing Available For Condo Buyers That Has A Low Down Payment

October 8, 2019 by Robby Oakes

Condominium owners and buyers have previously been at a disadvantage when trying to use the Federal Housing Authority (FHA) support to get a home mortgage. Single-family homes could get better FHA mortgage deals than condominiums. In October 2019, this changes.

Filed Under: Real Estate Tagged With: Financing Options, Market Trends, Real Estate

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