The Reverse Mortgage Professional

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Mortgage and Lending - Orange County, Corona, Riverside, Los Angeles - NMLS#203003
All things Reverse
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    This was a VERY informative article in the Corona Senior Center July August 2011Newsletter.  Worth reposting and passing around!!  I know it hit home for me.... I need to drink more water, and I don't recognize my thirst as easily....interesting.  Dang, aging is not for the faint of heart, t...
08/30/2011
Like any loan you obtain on your home a reverse mortgage will have costs.  You can break the costs down into two general categories.  First are one-time upfront fees and second are ongoing costs. Also, it’s very important to recognize that fees are different from state to state and even county by...
08/26/2011
The Most Common Questions FHA's Reverse Mortgage Program, the Home Equity Conversion Mortgage (aka HECM’s) really are a safe, secure loan. In the course of my business I often run across some common misconceptions.  I’d like to take this opportunity to educate the reader about some of the most c...
08/23/2011
Bob & Sally have been married for over 70 years!  88 & 94, and incredibly young for their age.They had their home paid off, but a few years ago they took out a loan on the house in order to go into business with one of their grown children.  Bob, in his 80’s, still wasn’t ready to retire!  Enter ...
08/16/2011
What are the qualifications for a Reverse Mortgage, do we qualify?    If you are homeowners and are over the age of 62, you just might.  Some things to know in order to determine whether or not you are eligible.  First - do you have enough equity? The amount of money you can borrower on a revers...
07/24/2011
Can I sell my home if I have a reverse mortgage?The short answer is yes.  A reverse mortgage is like any mortgage in that it is a lien on the property.  When you sell the home, the loan will be paid off as part of the settlement process. You do not need any special permission from the lender to ...
07/24/2011
Chino Hills Reverse Mortgage Question - Can I qualify for FHA's HECM reverse mortgage? To be eligible for FHA’s reverse mortgage (HECM), FHA requires that you be a homeowner 62 years of age or older, own your home outright, or have a low mortgage balance that can be paid off at closing with proce...
07/24/2011
  Do we qualify for a Reverse Mortgage? If you are homeowners and are over the age of 62, you just might.  Some things to know in order to determine whether or not you are eligible.  First - do you have enough equity? The amount of money you can borrower on a reverse depends upon 3 things.   Age ...
07/11/2011
                          Anaheim Hills Reverse Mortgage Quick Facts The most popular reverse mortgage loan is the FHA HECM (Home Equity Conversion Mortgage).  The HECM comes in two flavors  FIXED & ADJUSTABLE. They also come in two sizes: STANDARD & SAVER All borrowers must receive HECM Counseli...
07/10/2011
  A reverse mortgage is a special type of home loan that lets you convert a portion of the equity in your home into cash. The equity that built up over years of home mortgage payments can be paid to you. But unlike a traditional home equity loan or second mortgage, no repayment is required until ...
07/09/2011
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DeborahNance

Southern California , Reverse Mortgage Specialist
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What You Want To Know & Need To Know About Reverse Mortgages - “The postings, statements and opinions on this site are my own and do not necessarily represent the opinions and positions of my employer, and/or it's affiliates."