Retirement
Common Reverse Mortgage Questions
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…
Read MoreIt’s time to trade out that low interest rate mortgage for a high interest rate Reverse Mortgage
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…
Read MoreFREE Reverse Mortgage HECM Counseling in October!
If you are ready to get a Reverse Mortgage, Counseling is the first step. Money Management International is offering ALL Arizona & California homeowners FREE HECM Counseling all October! There is a batch of documents you need for counseling of which you can ONLY get through someone like me (ie, License Mortgage Professional)! That packet…
Read MoreIf you’re a Senior 65 or over did you know you may be able to freeze your Property Value…
Recently you should have received your Property Tax Assessment from the County in which you live. Seniors who fall into the qualifying criteria below can freeze their PROPERTY VALUE for 3 years and then can reapply if they are still eligible. BENEFIT: To Freeze the Limited Property Value of your Primary Residence. Should you qualify…
Read MoreBuilding a Retirement Portfolio with Real Estate
There was a time when saving for retirement was primarily about investing in a 401K or IRA. If you were lucky enough to have worked for a company for a long time, you may also receive a pension. You also would get a little bit of income from social security. I know for people like…
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