Should I sell and rent or get a reverse mortgage?

Mortgage Tips Tim Hill, MBA 5 Jul

What to consider before selling your home or getting a reverse mortgage. The math reveals the real costs for retirees. I’m an 82-year-old widowed woman, and my savings are depleting fast. I feel privileged, as I have the luxury of owning my own two-bedroom, one-bathroom condo. I have two options: to selI and rent a […]

Read More

10 Reasons Why You May Not Qualify for the Best Rates

General Tim Hill, MBA 6 Apr

As mortgage brokers, we know that homebuyers often enter the mortgage process with confident expectations surrounding the rate they expect to receive, only to be disappointed when they can’t qualify for the best rates. They inevitably always come back with one burning question: why? Why do homebuyers not qualify for the mortgage rate they thought […]

Read More

Considering a reverse mortgage? Here’s what you need to know

General Tim Hill, MBA 5 Nov

While a conventional mortgage advances you funds in order to buy a house, a reverse mortgage is just the opposite: It advances you funds from the house you already own. In this era of declining pensions, increased longevity and costly long-term care, are reverse mortgages a godsend? Or are they another symptom of growing debt? […]

Read More