Category: Reverse Mortgage

REVERSE MORTGAGES

A reverse mortgage is a loan where you don’t have to make a monthly payment, rather, the equity in your home makes the payment. You have to be at least 62 years old to qualify and have a 40-50% equity position in your home. You must occupy the home as your primary residence. Are you considering applying for a reverse mortgage? Do you have questions about reverse mortgages? We have highly qualified originators who specialize in reverse mortgage loans. Contact Counsel Mortgage Group, we can help you navigate through the process and provide straight forward advice to get you the...

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REVERSE MORTGAGE, FORWARD MORTGAGE, WHAT’S THE DIFFERENCE?

What is the difference between forward and reverse mortgage? Reverse mortgage, money is borrowed, the loan is secured by your home, but you don’t have to pay it back with money out of your pocket. The loan is paid by the equity in your home; the mortgage balance increases over time. One way to understand what reverse mortgage is, is to understand forward mortgage.A forward mortgage is the mortgage you know, you borrow money, the loan is secured by your home and you pay it back. Reverse mortgage is a good loan if you are on a fixed income and...

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FINANCIAL PLANNING TOOLS

We are hearing that reverse mortgages are becoming more of a financial planning tool. Click on this article by one of the lenders to whom we can broker reverse mortgages, American Advisors Group, on 7 Ways to Use a Reverse Mortgage Loan as a Financial Planning Tool: http://bit.ly/2Cdjf5f If you are considering a reverse mortgage, contact us and we can help you decide if it is right for you. We offer a variety product services, ask us how we can assist you today: Counsel Mortgage Group®, LLC www.counselmortgage.com 480-502-1000 NMLS #178927 AZ MB #0909580 CA DBO #60DBO43873 Copyright © 2019...

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IS REVERSE MORTGAGE RIGHT FOR YOU?

One way to understand what reverse mortgage is, is to understand forward mortgage. A forward mortgage is the mortgage you know, you borrow money, the loan is secured by your home and you pay it back. For the reverse mortgage, you also borrow money, the loan is secured by your home, but you don’t have to pay it back with money out of your pocket. Rather, the loan is paid by the equity in your home; the mortgage balance increases over time. You need to be at least 62 years old to apply and take a counseling class to obtain...

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ADVANCED ISSUES IN PROBATE AND ESTATE PLANNING

John Rapasky and Mike Green of Counsel Mortgage sponsoring the Arizona State Bar Association seminar on Advanced Issues in Probate and Estate Planning. Speaking with lawyers regarding the pros and cons of reverse mortgages, residential and commercial financing. We offer a variety of products and services, ask us how we can assist you today: Counsel Mortgage Group®, LLC www.counselmortgage.com 480-502-1000 NMLS #178927 AZ MB #0909580 CA DBO #60DBO43873 If you would like to receive the daily blogs in your email, please click here: http://bit.ly/2GgJTJh Copyright © 2018 Counsel Mortgage Group®, LLC.

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