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What Is a Cash-Out Refi? The process for a cash-out refi is similar to refinancing an existing traditional mortgage. In a traditional refi, the borrower pays off an existing mortgage loan and secures a new loan. The terms are different from the original loan, likely with a lower interest rate, shorter term, or both. In…

Probate court is often slow and costly, and will always cause unnecessary hardship to grieving loved ones. However, with proactive estate planning, you can avoid it. Here are six tips to help your loved ones avoid the cost and hassle of probate court when the time comes. What Is Probate? Probate is a legal process by…

Many retirees like the idea of staying in their homes as long as possible. Staying in a familiar place where you can stick to your routines can be comforting. However, the reality of staying in your home might not quite match up to the fantasy. As time passes, additional costs and concerns can crop up. Here’s what you…

Join our very own, Larry Larsen, for a Lunch & Learn at the Prescott Valley Library where he will teach you “How to Get the Most Out of Your Networking Experience”. Developing better referral relationships through networking. Based on his teaching of The DREAM. Developing Referrals and Elevated A-Team Mastery. Put on by the Prescott…

What is a Reverse Mortgage? A Reverse Mortgage enables Senior’s age 62 and older to convert a portion of the equity in their home into tax-free proceeds without giving up ownership or ever making a mortgage payment while in their home. It is a non-recourse loan which means if the loan amount ever were to…

Reverse Mortgage Interview with Prescott Valley Chamber

Thank you to the Prescott Valley Chamber of Commerce and Marnie Uhl for having us on Community Connections to share more info on Reverse Mortgages. Watch the full interview with Traci Ranic and Marnie Uhl of Prescott Valley Chamber of Commerce HERE Register for the next Reverse Mortgage Lunch & Learn on June 20th, 2023: https://www.arizonareversemortgages.net/events/…

Question: With the bank problems we are hearing about and seeing, is there any effect on our reverse mortgage funds? Answer: None of what is happening with the banks will affect your reverse mortgage. The FHA HECM is a government insured loan. If your lender went out of business, FHA would step in and cover…

You read the title correctly! If you have been on the fence about getting a reverse mortgage now is the time to get serious about it. Why would you possibly trade in a regular 30 year fixed loan at say 3% or even 4% for a higher interest rate Reverse Mortgage? The straight answer is…

We had a successful Lunch & Learn with the Prescott Area Association of Realtors at their office this week. They made a great video for #nationalcomplimentday We love this community. Thank you for having us join you to educate local realtors on the benefits that a Reverse Mortgage can bring to their clients and to…

Reverse Mortgage Funding, LLC filed for bankruptcy protection December 1, 2022. By December 6, 2022 monthly disbursements were approved by the courts to continue without interruption. What does this mean for you if you have a reverse mortgage with RMF? For the most part, nothing. One of the protections you get with the FHA backed…