Is a Reverse Mortgage a Smart Move When Purchasing a Home? Asking if a reverse mortgage is a smart move is not a dumb question if you’re 62 or older and purchasing ahome because a reverse mortgage may be a smarter choice than paying cash or getting a traditional mortgage! It could be the difference […]
Mortgage Info Blog
The Triangle of Trust
The triangle of trust — why your REALTOR, your lender, and a financial advisor all belong at the table There’s a triangle of trust in every successful home purchase. Most buyers only build two sides of it. They call a REALTOR. They call a lender. And they move forward hoping everything works out. Sometimes it […]
The Truth About Buying in NH Right Now
The truth about buying in NH right now Everyone has an opinion on whether now is a “good” time to buy. Your coworker, your cousin, the internet… everyone’s got a take. The truth? It depends. Here’s my take on buying in NH right now. What I’m hearing every day:• “Rates are too high — I’ll […]
Seniors – Should You Consider a Reverse
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 […]
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 […]