Reverse Mortgages: Enhance Retirement Revenue

Tweet this!The reverse mortgage can be an important lifeline for millions of seniors in the U.S. looking for an additional retirement revenue stream. Studies show even households with middle-class earnings are struggling to save for retirement. Nearly 50% of people say they don’t think they are saving enough to provide for a proper retirement. At […]

Reverse Mortgage: Good News for Seniors

Tweet this!Here’s the good news. You CAN believe the hype. The federally-insured Home Equity Conversion Mortgage (HECM) is one of the best financial products available today for people 62 and older. Reverse mortgages enable senior homeowners to convert a portion of their home equity into tax-free funds without having to sell their home, give up […]

How Do I Cancel Private Mortgage Insurance (PMI)?

Tweet this!Mortgage insurance is a product that is used by many San Diego home buyers to purchase a home with less than 20% down payment. The PMI protects the lender in the event of a loan default.  Buying your home with the help of PMI was crucial as lenders would normally not fund your mortgage […]

San Diego Appraisal Valuation Becoming an Issue During Refinance

Tweet this!San Diego County’s record-low interest rates are creating a refinance boom for home buyers and existing homeowners seeking to refinance. Unfortunately, low appraisals are making it difficult, or near impossible, for some borrowers to take advantage of the current low rates. The average homeowner is aware that property purchased during the peak of the […]

FHA Purchase Loan Alternatives

Tweet this!The FHA Purchase Loan is not your only option if you do not have a 20% down payment.  Most of the low down payment mortgage products offered today have some form of mortgage insurance.  Traditionally, if you put down less than 20% down payment you are required to pay mortgage insurance.  Mortgage insurance protects […]

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