Forgotten Your Password?

Need to Register?

Mark Schmidt's Blog

Changes for the better; the new Reverse Mortgage rules
Updated Oct. 28, 2013
Yes Reverse Mortgages have changed and I think this was a good move by the Government. The cost of setting up a line of credit has gone down dramatically. The expensive part of a Reverse Mortgage is the Up Front FHA insurance.. If you want to establish a Line of Credit and only use some of it the first year, (less than 60%)...
Reverse Mortgages can stop a foreclosure
Updated Oct. 9, 2013
Losing your home to foreclosure when you are young is like watching a dream go down the drain. Losing your home to foreclosure when are a senior is a nightmare that brings sorrow and pain.. Things happen that are beyond your control. Medical bills can pile up, an accident can take away your ability to work or maybe you...
Buying a home with a Reverse Mortgage
Updated Oct. 24, 2014
How to buy a home with an FHA Reverse Mortgage1. You need to be 62+ years old.. 2. You need cash, about 42% of the purchase price of your new home. 3. Your realtor writes a contract, we review it and approve the deal.. 4. You attend the required counseling.. 5. You are qualified based on your age, your down payment, and on the value of...
A Reverse Mortgage Might be Right for you if...(Top 10 reasons)
Updated Mar. 10, 2014
A Reverse Mortgage might be right for you if? (Top Ten List). 1. You want to access some money, and you have equity in your home. 2. You're 62+ and you don't want to fork over monthly mortgage payments anymore.. 3. You'd like to buy a home with about 50% down, and not have to make any further payments.. 4....

Subscribe to our news feed.