Video: Seniors – Should You Consider a Reverse Mortgage? As they enter retirement, many seniors feel comfortable with the amount of equityEquity is the portion of your home’s value that you own. It’s calculated by subtracting the balance of your mortgage and any other loans secured by the home from its current market value. Your […]
Mortgage Info Blog
Cash Flow from a Reverse Mortgage
Video: Cash Flow from a Reverse Mortgage Having enough cash to last to – and through – retirement is one of the major challenges facing today’s seniors. A reverse mortgage is a safe way to help senior homeowners improve their cash flow while allowing them to better “age in place” in their own home. With […]
Reverse Mortgages – Paying them Off
Video: Reverse Mortgages – Paying them Off A frequently asked question about reverse mortgage loans is, “When do I have to pay it off?” There are several scenarios regarding when a reverse mortgage would have to be paid off. The first would be when the last borrower passes away or moves out for more than […]
Do You Qualify for a Reverse Mortgage?
Video Guide: Do You Qualify for a Reverse Mortgage? If you’re considering a reverse mortgage to help fund your retirement, you may be wondering, “How do I qualify?” To be eligible for a typical reverse mortgage, you must be at least 62 years of age, but for a “Jumbo” reverse mortgage – typically used for […]
How Credit Score Affects Mortgage Rate
Your credit score directly affects your mortgage interestInterest: the cost of borrowing money, charged as a percentage of the outstanding balance and paid in arrears (unlike rent, which is paid in advance). More rate. Learn how conventional and FHA loans treat credit differently and how New Hampshire borrowers can secure the best rate.
Reverse Mortgages – How to Use the Funds
Senior homeowners are using the additional tax-free cash flow generated by a reverse mortgage in many creative ways to benefit themselves and their families. Homeowners are no longer required to make a principal and interestInterest: the cost of borrowing money, charged as a percentage of the outstanding balance and paid in arrears (unlike rent, which […]
Reverse Mortgages – Facts Take the Fear
Video: Facts Take the Fear Out There’s a lot of misinformation out there about reverse mortgages, so let’s separate the facts from the fiction. To qualify for a reverse mortgage, you must own your home outright or have at least 50% equityEquity is the portion of your home’s value that you own. It’s calculated by subtracting […]
Video: Reverse Mortgages, How do they wo...
Video: Reverse Mortgages, How do they work? A reverse mortgage is a unique way for seniors who are looking to generate additional cash flow – beyond their 401K and Social Security payments – to help fund their retirement. It helps relieve the anxiety that seniors may feel about outliving their money by allowing them to […]
Renee Duval of Bookend Lending
Video Introduction: Renee Duval of Bookend Lending Renee Duval of Bookend Lending LLC, your trusted reverse mortgage specialist with nearly four decades of experience here in New Hampshire. Renee assists REALTORS®, financial advisors, and senior homeowners in navigating reverse mortgages. A reverse mortgage allows homeowners aged 62 and older to use part of their home […]
Reverse Mortgages Boost Purchasing Power
Video: Reverse Mortgages Boost Purchasing Power Are you a senior homeowner living in a home that no longer meets your needs? There is a reverse mortgage strategy that can increase your purchasing power by 35 to 45% so you can purchase a home that better fits your lifestyle. Here’s how it works. Take out a […]