ARCHIVED BLOG POSTS
2010
1
Comments
Reverse Mortgage Info from a Lender in the Miami & South Florida area. Most Mortgage Brokers and some Lenders offer the Reverse Mortgage, but they simply do it out of necessity or because a Reverse Mortgage client has come their way. There are some companies that focus the majority of their att...
11/26/2010
1
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What is the Reverse Mortgage? How does it work? And what are its benefits? First of all I will tell you what the Reverse Mortgage does NOT do: -The Lender will NOT own the property -The Government will NOT own the property -You are NOT selling the property -You are NOT coming off title -You hei...
11/26/2010
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If you are like me, then you are having a Turkey hangover. If you are a fan of the Dolphins, as I am, then you are hung over from watching your 2 most hated rivals go 9-2 on the season (Pats n Jets). I was 3 for 3 on Thanksgiving day preciditons, so lets see how I do the rest of the football wee...
11/26/2010
3
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I dont think today's games will be hard to predict the winners. There would need to be some very big upsets in these games. I am hoping very much for the Pats & Jets to be on the losing side of those upsets. Pats should beat the Lions... Jets look like they wont have any issues with the Bunguls...
11/25/2010
Congress Extends Higher Reverse Mortgage Limits, which is great news for the Mortgage & Real Estate Industry. What a seesaw ride the last few months have been in the Reverse Mortgage Industry. Much of the news has been doom and gloom. First, we waited for congress to sign the $250 Million appr...
11/25/2010
This is the worst thing to happen to the Mortgage and Real Estate industry! The intention was to prevent fraud and give the appraisers independence, but it has back fired. BORROWER BEWARE… …of APPRAISAL MANAGEMENT COMPANIES What is an Appraisal Management Company (or AMC)? There is an apprai...
11/25/2010
You don’t want me to discount my service, so why do you want me to discount my fees? This is something I have to consistently tell my clients. The people who get the best deals or best bang for their buck, with anything in life, are the ones who shop and shop well. Yet, there are times when you...
11/25/2010
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The Reverse Mortgage Counseling has become more in depth and complex, but this is better for the borrower. In the past, the Reverse Mortgage’s mandatory FHA Counseling was nothing more than the person spending 30 to 45 minutes explaining how the program works. This never told the counselor if t...
11/25/2010
Reverse Mortgage Counseling, is it really necessary? Some clients of mine complain that they have to sit through the counseling even though they fully understand the program. I believe this counseling is highly beneficial. It takes away the possibility that a Fraudulent Mortgage Broker will ta...
11/25/2010
I am writing to you in a very somber state, after watching my Dolphins fall apart last night versus Da Bears! The Miami Defense did a great job holding Chicago to only 16, but there is only so much you can do when the offense is as inept as it was. They were plagued by injuries and going agains...
11/19/2010
Rainmaker
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Phil Stevenson, CRMP
"Mortgage Nerd" in Miami, Florida and Texas
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