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 […]
Automated Underwriting
What Is Automated Underwriting? A Plain English Guide for NH Home Buyers When you apply for a mortgage, someone — or something — has to decide whether you qualify. That “something” is called an automated underwriting system, or AUS. Think of it like a very sophisticated calculator that looks at your credit, income, debts, and […]
What is a Reverse Mortgage? Video!
Video from YouTube: What is a Reverse Mortgage? 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 […]
Video Tip: Understanding Your Credit Sc...
Video from YouTube: 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 […]
About Renee Duval – Reverse Mortgages in
Meet 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 equityEquity is the portion of your […]