Posts Tagged ‘homeequity’
Reverse Mortgage Fact Link
ReverseMortgageApp.com wants you know know more about reverse mortgages for better decisions about revers mortgages. A source you can trust, the ftc.gov site gives you the low down on how reverse mortgages work and when they are useful. Still have questions? visit ReverseMortgageApp.com to be connected to a mortgage professional who loves questions about all…
Read MoreWhen Reverse Mortgage is Right for You
Just what is a reverse mortgage? Why would anyone want one? On both a regular mortgage and a reverse mortgage, a mortgage loan is offered based on the available equity in your home. The amount you are borrowing, as a percent of the home’s value is called Loan to value, and the allowable loan to…
Read MoreFHA Protects Borrower from Themselves
Just because you can refinance doesn’t mean you should refinance. What did you say? In the last few years, more borrowers have been refinancing their FHA mortgages to extract cash from their home equity. This is a worrying trend, since massive cash out refinances preceded the 2009 housing market crash, leaving many homeowners trapped in…
Read More