What are closing costs? What are prepaids? Almost every borrower I speak with during the initial stages of buying a home or refinancing ask what their closing costs are going to be. When they ask this, I know they are really asking what their bottom line is. Most people are not familiar with the technicalities […]

Did you know that you can also use a reverse mortgage to purchase a home? It’s not just for those who are at least 62 years old and currently own a home. So why would someone want to use a reverse mortgage to buy a home? Well there could be any number of reasons. One […]

Now that you’ve determined you qualify for a reverse mortgage and it is right for you or your loved ones, how do you use it? Today I discuss in the video above and in this blog three ways you can utilize a reverse mortgage. Lump Sum: One way that seems to be popular is with […]

Most people think that a reverse mortgage is scary or way too complex to venture into. That is just simply not the case. In fact, it is much easier to get approved for a reverse mortgage than a forward traditional mortgage. There are just a few things that you even need to consider to see […]

There are a lot of misconceptions out there in the mortgage industry. One of those misconceptions is, “I need at least 20% for my down payment.” Most people do not think home ownership is possible outside of FHA, going the conventional route. But what if I told you I am getting borrowers approved all the […]

To Pay or Not To Pay…. That is the question. Hey, none of us WANT to pay FHA’s monthly mortgage insurance as part of our mortgage payment. But we have to pay to play right? Well, since FHA is so attractive in that it allows first time home buyers or those who have not owned […]