Did you know that someone over the age of 55 can buy a home, and with a large down payment, have no monthly mortgage payments due on the balance of the loan?  What if I told you this loan option can now handle a loan of up to $4 million, and features a low […]

Senior Citizens Now Have Several Creative Home Loan Options New reverse mortgage loan products have hit the market giving people over the age of 55 years of age several options on how home equity can be used to solve a variety of problems both prior and during retirement years. Here’s some problems and creative solutions […]

A Second Mortgage with Reverse Mortgage Features Is now Available. This option may make sense for some seniors. Here’s a few advantages and examples of when the second mortgage reverse mortgage loan may be utilized: 1.  Keep existing first mortgage in place, get a lump sum of funds without having to make monthly payments on […]

FINRA Changes Its Mind on Reverse Mortgages Forbes published an article in the May 2019 issue that highlighted removing a negative connotation on the usage of reverse mortgages.  FINRA’s report, “Reverse Mortgages: Avoiding a Reversal of Fortune” removed the term “a reverse mortgage as a last resort” from the report. Barry Sacks authored a research […]

Less than one thousand dollars is all it may cost in fees to obtain a reverse mortgage.  If you or know of someone who thought of obtaining a reverse mortgage in the past but thought that they were too expensive with upfront costs, it may be worthwhile to take another look. A low fee option […]

A New Low Fee Reverse Mortgage Hits The Market Less than $1,000 is all it may cost in fees to obtain a reverse mortgage and the minimum age to qualify for a reverse mortgage is now 55 years of age.  If you or know of someone who thought of obtaining a reverse mortgage in the […]

    What’s in it for a lender to make them want to foreclose on your property?  Is it greed?  Do they want to stockpile properties?  It’s certainly won’t garner them positive publicity. I have worked for several different lenders over my 30 year real estate career and haven’t come across a lender who wants to […]

Your nest egg is healthy and you’ve done a good job investing and now you’re ready to retire, but the market is down big time. What now?  Do you have a backup plan for your portfolio in the event you have to take withdrawals in a down market? Taking funds out of a portfolio in […]

The Washington Post published an article that highlights how a reverse mortgage can solve a common silver divorce problem. It’s a quick read, click here to read the article. Best regards, Kevin Walton

Buy a home with a reverse mortgage?  Yes you can.  In a nutshell it requires a large down payment and than no monthly mortgage payments required on the balance of their loan for the rest of their life. The dollar amount the borrower qualifies for is based on their age, prevailing interest rates, the purchase […]