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 […]
Mortgage Info Blog
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 […]
Paying off Reverse Mortgages
Renee Duval Video Tip: Paying off Reverse Mortgages 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 […]
Who Qualifies for a Reverse Mortgage?
Video Guide: Qualifying 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 high end, […]
Understanding Capital Gains on Real Esta...
What You Need to Know About Capital Gains Tax on Home Sales Many homeowners are surprised by the impact of capital gains tax on their home sale, especially if they’ve lived in the property for a long time and seen significant appreciation. Selling a home in today’s market—especially one that has appreciated over many years—can […]
How Are Reverse Mortgage Funds Used?
Video Tip: How Are Reverse Mortgage Funds Used? 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 […]
Renovate with Confidence: A Clear Guide ...
Buying a home that needs some TLC? An FHA Renovation Loan, also called an FHA 203(k) loan, can be the perfect way to finance both the purchase and renovations in one mortgage. Whether you’re dreaming of a fresh kitchen, repairing safety issues, or tackling a major overhaul, understanding how an FHA Renovation Loan works will […]
Facts and Fiction About Reverse Mortgage...
Video from YouTube: Facts and Fiction About Reverse Mortgages 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 […]
The #1 Annoying Thing That Happens After...
Wondering why your phone starts ringing after a mortgage application? This blog explains what trigger leads are, how they affect New Hampshire borrowers, and how new legislation may change the rules.