Your property taxes will not be impacted. Even though an appraisal is done to establish the value of the home,...
There are a number reasons why a reverse mortgage can be a better choice than a normal home equity loan...
Bottom line, you continue to own your home when you have a reverse mortgage. Just the same as if you...
In October 2010 the Federal Housing Administration launched a new reverse mortgage called the HECM saver. In exchange for the...
When you have a reverse mortgage on your home, when the last spouse dies, the heirs have a time period...
To obtain a reverse mortgage, all borrowers must be listed on the deed to the home and be at least...
There is an old saying that there is no free lunch and that is particularly true in mortgage and real...
There are three separate ways to receive the cash from a reverse mortgage. 1.) A single check at close 2.)...
There are two qualification for a reverse mortgage, your age and your home. In order to qualify for a reverse...
A condo in a HUD approved homeowners association (like Rossmoor) is qualified for reverse mortgage. Co-operatives are not eligible for...
I enjoy answering your questions, please call or email me for a personal, timely and accurate response. You do not...
I am not a tax professional but I did find this information on the IRS web site. “ Because reverse mortgages...
Trusts are normally allowed in a reverse mortgage. The trust typically must be revocable to qualify. In some cases, the...
If your children are at least 62 years old and live in the home, then they can be included as...
Other than having to pay off any existing liens on your property (a prior mortgage, home equity loan, tax lien,...