Video: HECM for Purchase – Tap your Home 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 equity grows in two ways: by paying down... More Are you a senior homeowner that feels your home no longer fits your needs? You don’t need the additional family space anymore, and maintaining a large home is expensive and can be a drain on your time and resources. It might be time to downsize and […]
Mortgage Info Blog
Financial Advisors Like the Reverse Mort...
Video: Financial Advisors Like the Reverse Mortgage Line of Credit Strategy As a financial advisor, you may be overlooking a significant planning tool… a reverse mortgage line of credit. The government regulated and insured FHA Home EquityEquity is the portion of your home’s value that you own. It’s calculated by subtracting the balance of your […]
Reverse Mortgage Seminar
Renee Duval hosts Reverse Mortgage Seminars Give Renee a call to join the next Reverse Mortgage seminar! (603) 345-5644 Renee Duval Bookend Lending LLC Renee@bookendlending.com Reverse Mortgages in Concord New Hampshire www.SeniorMattersNH.com
Understanding Your Credit Score
Video Tip: Understanding Your Credit Score A credit score is a 3-digit number based upon a number of factors from your financial activities. It is used to determine your creditworthiness for a mortgage, auto loan or credit card. A company called FICO creates what is called a FICO Score. It is based 35% on payment […]
Why Talk to a Reverse Mortgage Specialis...
Video: Why Talk to a Reverse Mortgage Specialist? You’re retired – or soon will be – and you’re in the process of planning for the days after you stop working. You’re checking with your financial advisor regularly to make sure your IRA or 401K is performing as you hoped, and you’ve worked long enough that […]
Baby Boomers, Reverse Mortgages and Reti...
Video: Baby Boomers, Reverse Mortgages and Retirement Cash Flow Unlike previous generations, today’s baby boomers face some unique challenges to funding – and maintaining – their current lifestyle in retirement. They can no longer depend on the steady income provided by a company pension as their parents did. Instead, most are left hoping that their […]
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Why Should Seniors Consider a Reverse Mo...
Video Tip: Why Should Seniors 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 […]
Will the Fed Cut Rates — Will Mortgage R
Every homeowner, homebuyer, and resident of New Hampshire is asking the same question this week: Will the Fed cut rates and will mortgage rates go down? Let’s walk through this story —like we’re summarizing a book. How Fed Cuts Influence Mortgage Rates The Federal Reserve (the Fed) sets a short-term interestInterest: the cost of borrowing […]
How Do Reverse Mortgages Increase Cash F...
Video from YouTube: How Do Reverse Mortgages Increase Cash Flow? 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 […]