“A reverse mortgage is one of the best engineered financial tools of our generation.” – Dr. Jack Guttentag, The Mortgage Professor I am honored to be able to share the writings of The Mortgage Professor, Mr. Jack Guttentag, Professor of Finance Emeritus, formerly Jacob Safra Professor of International Banking, at the University of Pennsylvania’s Wharton… Read More…
What Heirs Need to Know About Reverse Mortgages – Kiplingers Article Excepts Full article can be found HERE The Death of the borrower triggers the loan payoff but the estate and heirs will never owe more than what the home is worth. If you have a reverse mortgage, let your heirs know. Soon after you die,… Read More…
Why has One of the Nation’s Leading Lifestyle-Rich Home Developers Made the Reverse for Purchase Program a Priority? Epcon Communities, a home building and land development franchise operator based in Dublin, Ohio. Today, more than 26,000 families and individuals call an Epcon community home, which has made them one of the top lifestyle-rich home developers in… Read More…
The Most Important Decision Most Boomers Will Make This article is reprinted by permission of the Author. To see the the complete 8 page Study Click HERE Dr. Davison has been an excellent contributor to the Financial Planning community for many years. Regarded as thought leader within the field. We are grateful that he has… Read More…
What are the Facts about FHA Condo Approval? In the Greater Philadelphia Region, Condo developments and associations put themselves at a significant disadvantage if they don’t have FHA Approval. Below are a few articles that discuss the issue. Feel free to contact us after you review how your development may qualify for a zero cost… Read More…
February 20, 2014 If a condo meets FHA approval, purchasers of units in the condo are eligible for FHA financing. This is advantageous to existing residents who want to sell their units, or may want to in the future. It is also advantageous to existing residents who want to stay put but anticipate that at… Read More…
Why Should a Condo Become FHA Approved? I have heard this several times in the past couple of weeks and will answer it here as it pertains primarily to my home state of Pennsylvania and its immediate surrounding area. (Although, this information can be used in many other states as well) The majority of the… Read More…
If Your Development is NOT FHA Approved, You May Be Losing Out! Here are some facts. 1. FHA Loans Are Not Only For Lower-Income Borrowers. FHA loans are available to everyone. In fact, even Bill Gates can get one. There is no maximum income restriction associated with FHA loans. Borrowers do need to substantiate income… Read More…
Why Should a Condo Get FHA Approved? This article originally appeared: http://www.maxrealestateexposure.com/sellers-buyers-beware-fha-condo-approval-requirements/ and was provided by Bill Gassett, a Nationally recognized leader in his field. What should buyers and sellers know about FHA condo approval requirements? Plenty! First and foremost you should know that having FHA condo approval is super important. If you can get one, an FHA loan is… Read More…
Here a few facts and a quick way to determine what a client may be eligible for in proceeds Reverse Mortgage Fast Facts Age 62 and Over Borrowers Principle Residences Only All Liens (Mortgages, Home Equity Loans etc) Must be Paid off From Reverse Proceeds First No Monthly Mortgage Payments Required No Minimum Credit Score… Read More…
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