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03/18/2010

Everything you need to know about 

 Reverse Mortgages

Senior Reverse Mortgage Specialist reveals everything the Big Boys don't want you to know the Pro's and the Con's

It's what you don't know that can make you leave thousands on the table!

If you want to learn about Reverse Mortgages watch the 1 Minute Video Sign in below

  VideoRep Live

New Jersey Mortgage & Real Estate News

Tim's Published Articles

  • Why Buy a Home by Yourself! When you can have a Buyer?s Broker for Free
    It?s been many years since the creation of Buyers Agency and many people still do not understand the benefits of having someone on their side, which not only knows the areas but can protect their interest. The fact of the matter is most people really think it adds to the cost of the home purchase.
  • Why Now is the Perfect Storm To Purchase Real Estate In New Jersey and Other Areas
    This is the time to purchase real estate in many areas of the country such as New Jersey and in many other areas that have hit bottom and are sited to start going up. There are other reasons why people who have not purchased or they have purchased in the past should consider before it?s too late.
  • How seniors can really benefit from the tax laws when moving and selling a home
    Unlike any time in history there are issues that face many seniors that they never thought about before. Today they are faced with many issues like high mortgage balances and future income to live their retirement without the stress of how they are going to be able to pay for their lifestyle.
  • Beware of the Reverse Mortgage Scammers Don?t Fall into the Trap
    It has come to the attention of the FBI and HUD that the scammers are attacking and preying on seniors to commit mortgage fraud and violate the sanctity of the Reverse Mortgage program design exclusively to help seniors when they are financially in trouble. In these troubled times when many seniors find that the planning that they did over many years of their lives, building 401k?s that now look like 201k?s or worst maybe looking to the Reverse Mortgage for financial relief.
  • The Reverse Mortgage Fix or Adjustable which one works for you and how to determine
    Many seniors who are thinking about a Reverse Mortgage are confused over which program to select when applying for their mortgage. This is important to repeat this is a mortgage on your home and you are not transferring the deed to your home. It is amazing the rumors that are still floating around and how many still think they will sign over their home to the lender. Not True!
  • Seniors need help Government releases No Social Security Increases for 2010
    The facts are out the COLA increases that have been given to seniors who are on Social Security will not get a cost of living increase in 2010. The other problem is the millions will see and increase in health care cost next year with Medicare part B The release of this information has seniors worried about the future, couple this with a bad economy which can be around for many years to come what can they do to live into the future.
  • Why Shopping for a Reverse Mortgage can cost thousands in lost proceeds
    Over the last few months since changes have taken place in the Reverse Mortgage industry mainly the changes in margins, has prompted more seniors over 62 to take their time to shop for a better rate and or closing cost. First and foremost a senior needs to realize that the margins that are offered on the HECM are set by Fannie Mae. The lenders who finance them are bound by the margins that are set to be able to sell the mortgages to Fannie Mae in mortgage backed securities.
  • Sitting on the Fence on a Reverse Mortgage has already cost you Thousands maybe more
    In reviewing past records from people who have stated they wanted to hold off to see if they would get more money later on when the were older or the value would go up has really cost them big. Review: Looking over some 300 past files at people who had looked at the Reverse Mortgage over the last three years, mainly 62-65 year old people who had and average of 50% equity in their homes I found the following results.
  • Reverse Mortgage margins are changing rapidly which may cause seniors to receive less
    We have seen many changes in the Reverse Mortgage industry, from increased property values in 2009 to increased program choices and flexibility. The latest and the most important changes are the increases of margins and lenders not going to live interest rate pricing. The conventional side of the mortgage industry has been using live pricing for a few years. Now it has come to the Reverse Mortgage segment of the industry.
  • The senior Reverse Mortgage program has evolved over the years but still may be changing to attract Wall Street investors
    Over the past the federal government has made major strides in making the Reverse Mortgage stronger and more flexible not to mention less costly for seniors who are looking to tap the equity in their homes for retirement monies. In the past seniors looked at the RM and most of them balked because of different reasons. Bu the number on reason was most of the time cost!

 

 

 

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Insider Reverse Mortgage Reports NOW!
 

 

These Free reports contain extremely valuable information designed to help you avoid costly mistakes when obtaining a reverse mortgage. Although some of the tips disclosed may not make me popular with the other mortgage lenders, I am more concerned that you have all the information you need to make and informed decision when considering a reverse mortgage.

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VideoRep Live

The short video will tell you what I am working on to try and repeal the state taxes on senior's

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