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]

In some cases people would be living in a home, but would be buying a rental property which they would rent out for the year. The answer is simple, YES! The lender will calculate the annual income gained from the rental property and use that in the qualification of the loan. This purchase will be classified [Continue]

This topic can be divided into three different sub-categories. Cancellation, termination which takes place automatically and final termination. Firstly we will look at cancellation and how to proceed for this to occur. You may be aware of the Homeowners Protection Act of 1998. Under this legal act, it said that any homeowner can request the [Continue]

The real estate industry is an industry in which a huge sum of money can be earned with minimal work. Although, with the high demand and competition it can be difficult for people to find the right mortgage loan, mortgage plan or even the right mortgage loan lender. There are many different options to choose [Continue]