Myths, Pros and Cons of Hecm Reverse Mortgages First and foremost; the bank does not, nor do they want to own your home. So why do so many people believe this? Prior to FHA getting involved in 1988, the lenders would take an equity position in their Borrowers homes. That practice has resulted in unfavorable feelings [...]
Myths, Pros and Cons of Hecm Reverse Mortgages
August 25th, 2010 · No Comments
Tags: Interest Only Mortgage
Understanding Jumbo Mortgages
August 1st, 2010 · No Comments
Understanding Jumbo Mortgages A jumbo mortgages is a home loan that exceeds the limits set by Fannie Mae and Freddie Mac. How are jumbo loans different? What differentiates jumbo mortgage loans is the loan amount. At present, loan amounts that are higher than 7,000 are usually deemed jumbo mortgages. This determination is made by [...]
Tags: Interest Only Mortgage
How to Find Honest Advice About Colorado Mortgages
July 25th, 2010 · No Comments
How to Find Honest Advice About Colorado Mortgages How to Find Honest Advice About Colorado Mortgages It’s safe to say there are many places to find a deal for a Denver mortgage or Colorado mortgages these days. But the mortgage crisis has made things a little more complex. It’s not just about finding the [...]
Tags: Interest Only Mortgage