Portland Oregon Number 1 Senior Living City (Can Eugene be far behind?)

On January 27, 2010, in Mortgage Programs, Refinance Process, Tips And Advice, by Fred Chamberlin

Portland Oregon offers the best senior living benefits in the U.S, according to a recent survey produced by a partnership between Bankers Life and Casualty Company and Sperling’s BestPlaces. The Eugene/Springfield area was probably too small for the competition, but those of us living here think it is a pretty darn nice place to live.

Fixed Rate Reverse Mortgages Give New Jersey Seniors Another Choice

On August 2, 2009, in Tips And Advice, by Tony Croft

The Tony Croft Team at Barclay Funding Now Offers Fixed Rate Reverse Mortgages from Their Bergen County Office Located in Edgewater, NJ From the time when HUD first established the reverse mortgage program there has only been the adjustable interest rate.  Currently the news is continuing to report “danger” of adjustable rate mortgages, which has [...]

Reverse Mortgages: How do they work?

On July 1, 2009, in Tips And Advice, by Mike Harrison

A reverse mortgage is a loan against your home that you do not have to pay monthly payments for as long as you live in the home. In Utah you can refinance a traditional mortgage with a reverse mortgage and/or be paid cash by borrowing the equity in your home. A reverse mortgage works by [...]

What is a HECM loan?

On May 4, 2009, in Mortgage Programs, Refinance Process, Tips And Advice, by Michelle Guth

What is an HECM loan? Often times people hear the term HECM loan and they don’t understand what HECM stands for. HECM stands for Home Equity Conversion Mortgage, also know as an FHA Reverse Mortgage. A HECM is the only Reverse Mortgage insured by the Federal Government. This loan program is great for individuals age [...]

Idaho FHA Reverse Mortgage

On April 20, 2009, in Mortgage Programs, Refinance Process, Tips And Advice, by Michelle Guth

The Idaho FHA Reverse Mortgage, also known as an HECM, is a loan made to a person age 62 or older. There are no income, credit or health requirements associated with the loan. The amazing thing about the Idaho FHA Reverse Mortgage is that you can take out a lump sum payment (tax free) to [...]