ARCHIVED BLOG POSTS
2011
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...
01/18/2011
FHA’s Mortgage Insurance Premium for the Reverse Mortgage…Why do I need it? The Mortgage insurance premium (MIP not PMI) is mandatory on Reverse Mortgages and it’s the main reason the closing costs are as high as they are. Below is why it is a “necessary evil” so to speak, and is a huge benefit ...
01/18/2011
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...
01/18/2011
Rainmaker
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271,877
Phil Stevenson, CRMP
"Mortgage Nerd" in Miami, Florida and Texas