It’s possible to pay for the majority of the expenses of an HECM by financing them, as well as having them paid from loan proceeds. Financing the expenses means that you don’t need to pay for them out-of-pocket. Conversely, financing the expenses decreases the net...
Homeowners are typically adamant about doing all they can to protect their home. After spending so long trying to pay it off, homeowners certainly do not want to lose their home to damage. Unfortunately, storms and other natural disasters can quickly cause damage to a...
Debt can be a mighty and highly unpleasant burden to carry. The problem with the convenience of credit cards is that some people say they don’t feel as though they’re spending money, and then the repayments come as something of a shock. For others, it may be that they...
While most people are familiar with the concept of a reverse mortgage, also known as a Home Equity Conversion Mortgage (HECM), as a way to get money out of the equity in their home, there is another option to consider as well. A HECM for purchase reverse mortgage...
Texas homeowners identify the most appropriate coverage level when choosing protection for their property. The most appropriate coverage level prevents a financial loss for the homeowner. A local agent could help them find the right policy based on their property and...