Can Help Retirees Keep Investments Until Right Time to Sell No longer viewed as a last resort, a reverse mortgage is an important financial tool that can be used as a strategic piece of your financial plan. A reverse mortgage can be used to avoid selling depressed investments…
Given the state of our economy one of the most common questions I’m asked is when a family that has gone through a short sale, or foreclosure or bankruptcy, would be eligible to purchase a home. The following gives you a general idea of what the requirements are.…
Retirement assets to be considered in qualifying for conventional loans under new Fannie Mae & Freddie Mac policies. Should add flexibility for retired individuals wanting a conventional loan. One of the unfortunate outcomes of the economic crisis since 2008 has been perfectly well-qualified borrowers that cannot get a…
Financial assessment will become an integral part of the requirements for reverse mortgages in the future, according to a NY Times report Friday. This follows a change in April that suspended the standard fixed Home Equity Conversion Mortgage (HECM). Both of these changes were made to ensure the…
Procedural change will allow HUD to be more responsive to changes necessary to keep HECM reverse mortgage program healthy, passed by unanimous consent in the House today. The changes that FHA is considering to improve the health and performance of the HECM program and Mutual Mortgage Insurance Fund…
Why I am in this business … and as a mortgage broker and not constrained working for a mortgage bank or banker… And why an iron is a necessary tool! Our iron went crazy at 3 o'clock this morning sounding like an alarm clock. Stumbling around in the…
A Risky Lifeline for the Elderly Is Costing Some Their Home Anyone considering a reverse mortgage for themselves or their parents should read this story .. Not because it’s accurate but because it does raise the important considerations anyone should be aware of when they consider a reverse…
COMMUNICATION IN THE EVENT OF AN EMERGENCY Your cell phone will not work! Many households do not have a land line telephone! Get an FRS radio for each member of the family and put an extra in the family car. Cell phones are not likely to work - FRS…
There are only 42 fire fighters on duty at any one time in the San Ramon Valley Fire District. In the event of a large scale disaster - you will have to take care of basic first aid for you and your family until communications and transportation are…
The first 72 hours after an emergency event you will likely be on your own. Having a portable 72-hour kit for each member of the family will put you in a position to survive and take care of your family. There is a good chance you will…