When it comes to HECM loans, there are quite a few reverse mortgage myths and misconceptions. Here, we’ll discuss the top 6 reverse mortgage myths. In some cases, the reverse mortgage myth exists because the idea or concept USED to be true, but no longer is true. Reverse Mortgage Myth # 1: First and foremost, […]
Reverse Mortgage fees and costs can vary widely. Let’s take a look at what you can expect. We’ll explain the different reverse mortgage costs as we forge ahead in this article. Further, we’ll delve into a big question; “is there anything that can be done to reduce the fees associated with getting a reverse mortgage […]
A reverse mortgage in Maine is largely similar to a reverse mortgage in any other state. However, there are some subtle differences. According to MSN Money, Maine is listed as the 37th most affordable state to live in. Maine Housing isn’t the most expensive of all the states. However, if you factor in things like […]
A very common question in the reverse mortgage world is, “ can I get a reverse mortgage on a manufactured home ”. Simply put, the answer is “maybe”. So the real question for you is probably “ can I get a reverse mortgage on MY manufactured home ”. It will be helpful to distinguish the […]
Reverse Mortgage and Living Trusts: A very common question about reverse mortgage is “can you fund in a trust?” Is your home in a trust? Are you pondering getting a reverse mortgage? If so, here are the basics pertaining to reverse loans and living trusts. Usually, when you do a regular loan, the bank wants […]