Conversations with my clients often lead to the question of whether they should sell their home and rent, or just stay where they live now? The answer may surprise you. The majority of my senior clients tell me they would rather stay in their home rather than rent. The reasons are twofold: They are already …
Category Archives: Reverse Questions
Reverse Mortgage Lenders in Eugene Oregon –
Helpful tips When You Are Evaluating Reverse Mortgage Companies in Eugene and Choosing the Perfect Eugene Reverse Mortgage Lenders to Work With Choosing to venture into a reverse mortgage lender in Eugene Oregon is important decision. When deciding on whether or not one is best for you, competent counsel is invaluable; so too is choosing …
Continue reading “Reverse Mortgage Lenders in Eugene Oregon –”
Can You Get A Reverse Mortgage If You Don’t Own A Home
The answer to the above question is no, you cannot do a reverse mortgage on a home you do not own? Your home must be your primary residence and the home must be titled in your name, in other words, you must be the owner. However, suppose you live in your home and you think …
Continue reading “Can You Get A Reverse Mortgage If You Don’t Own A Home”
Mortgage Insurance on Eugene Reverse Mortgage Loans
Why Reverse Mortgages in Eugene OR Have Mortgage Insurance (MIP) While we’re expecting private reverse mortgages to come back into the Eugene marketplace, at this point, over 95% or reverse mortgages written today are the FHA insured variety known as HECM or Home Equity Conversion Mortgage. With FHA loans comes mortgage insurance. Many people are …
Continue reading “Mortgage Insurance on Eugene Reverse Mortgage Loans”