The basic way this plan works is by offering home buyers a chance. It gives the opportunity for someone to purchase a home, when they can\’t qualify for a loan. Their goal must then be to be able to qualify for a loan before there times runs out. The benefit of this plan is so [Continue]

A lease purchase can also be defined as a plan which allows you to lease a home, with the ability to purchase it with-in a set period of time. The time frame will usually be in the first three years and the price will be agreed upon in the agreement signing in the commencement. There [Continue]

As you know reverse mortgage is something that is only available to seniors who are over the age of 62 and are eligible. There are two main types of mortgages that are categorized under reverse mortgages. These are called Home Equity Conversion Mortgage (HECM) and Non – Home Equity Conversion Mortgage (Non-HECM). Firstly, we will [Continue]

A reverse mortgage is a type of loan which is available for seniors. This type of loan is used to take the home equity value out of a property in one bulk payment or in multiple payments. In simple words, you are turning the equity in your home into solid cash. This allows you to [Continue]