Reverse mortgage: Is this the solution if you retire cash-poor? – National

Reverse home loans have never been this popular in Canada.Inquiries about them have actually doubled between 2016 and 2017, according to HomeEquity Bank’s CHIP Reverse Home loan, which was, for a time, the only banks to use them nationwide.And as a wave of infant boomers crosses the work-life surface line, competitors to serve those who…

Home loan underwriting: What are “conditions” and how do I please them?

Home loan underwriting: Exactly what are “conditions” and how do I satisfy them? Home mortgage underwriting conditions Home loan underwriting conditions can be found in many forms. Frequently, the very first underwriter you come across isn’t even human. It’s automated underwriting software, or AUS. It analyzes your application and delivers a suggestion. A human takes…

5 Tips to assist Single Moms And Dads Get Approved for a House Mortgage

Being a single parent comes with a heavy responsibility to offer your children, while dealing with the daily struggles of parenting alone. Among the greatest duties a single parent bears is that of putting a roofing over their children’s heads.As a single parent, you must initially identify if renting or house ownership is the very…

New video game program wishes to give you loan to pay off your trainee loans

College finishes with mountains of trainee loan financial obligation might now have a glimmer of hope. Not since of any kind of trainee loan forgiveness, but in the type of a video game program where they can play to get their financial obligation settled. “Settled” is a brand-new trivia show airing on TruTV beginning Thursday….

3 Ways to Get Rid Of Mortgage Financial Obligation

When I was simply beginning out, I didn’t have much cash to invest or buy investment residential or commercial properties. And out of that need came imagination. This is probably why 100 percent of the residential or commercial properties in my portfolio I’ve built up over my career have involved some form of take advantage…

NY Times: Five Year Retirement Plan Must Consider Reverse Home Loan

A recent New York Times article offers a concise 5-year countdown-to-retirement plan, with the final year of the timeline being the time to –cautiously – consider a reverse mortgage. Offered as a way to make ends meet if you’re planning to stay in your current home, reverse mortgages are a “fourth- or fifth-tier line of…

Amazon Key: Crossing the Line or Making Lives Easier? – Platinum Home Mortgage

It comes to no surprise that 98% of consumers shop on Amazon (at least sometimes), and 48% of them have an Amazon Prime account. Now, Amazon users aren’t just using the retail giant to purchase the fast, 2-day shipping of everyday items. Some say Amazon has taken complete control over the lives of consumers (and the…

Is it a Good Idea to Repay all Loans before Retirement? – Finance Buddha Blog

Retirement is time to leave all the obligations behind and delight in a relaxed life. Whether it be taking a trip or remaining at house and play with the grandkids. Sadly, there are some senior citizens who are investing their golden time being fretted about their financial resources. The factor behind these worries: financial obligation….

FHA Commissioner: Home loan insurance premium cut not most likely in 2018

The Federal Real estate Administration broke a Secretary Ben Carson, informed reporters that the decline in the FHA’s reverse home loan portfolio more than balance out a boost in forward home loans in 2017, which resulted in the decline in the general capital ratio.The FHA’s reverse mortgage portfolio is unstable and has actually swung backward…