VA Home Loans With Low Mortgage Rates As the U.S. economy improves, so do the mortgage choices available to today’s home buyers and refinancing households. There are now tens of home loans available to U.S. consumers. For those meeting eligibility requirements, the optimal loan choice is often the VA loan. VA loans allow 100% financing, never require […]
VA Home Loans: A Benefit You’ve Earned
Advantages of VA Mortgages If you’re a veteran or currently in the military, National Guard or Reserves, and are planning to buy property, VA home loans should be on your radar. VA mortgages are backed by the federal government, which allows private lenders to fund 100 percent loans and charge less for them. The program offers several […]
Reverse Mortgage Counseling
Counseling is required for all HECMs. Reverse mortgages are the only financial product (perhaps the only product, period) that require this. Why? Caution. Because reverse mortgages are designed for an older audience who are often on fixed incomes and involves what is usually everyone’s most valuable asset—their home—government and the reverse mortgage industry want to […]
Are there different types of reverse mortgages?
Yes. Most reverse mortgages today are insured by the Federal Housing Administration (FHA), as part of its Home Equity Conversion Mortgage (HECM) program. If you apply for a HECM loan, you can choose from the following options: Payment of loan proceeds. You can receive loan money as a line of credit, monthly installment, a combination of […]
FAQ’s about Reverse Mortgages
The Home Equity Conversion Mortgage (HECM) is FHA’s reverse mortgage program, which enables you to withdraw some of the equity in your home. The HECM is a safe plan that can give older Americans greater financial security. Many seniors use it to supplement Social Security, meet unexpected medical expenses, make home improvements and more. 1. […]
- 1
- 2
- 3
- …
- 8
- Next Page »
