Join us this Wednesday, April 15th at 1:00 pm (MST) Arizona time as we take a deep dive into one of the most misunderstood tools in real estate finance. In this episode of the Counsel Mortgage Roundtable Podcast, we’ll cover: Watch LIVE here: https://www.youtube.com/@mortgagecounselor/streams Miss the live broadcast? Watch anytime: YouTube Podcast: https://www.youtube.com/@mortgagecounselor/podcasts Spotify: https://open.spotify.com/show/0W0W4aXHNRsjLvBtSEa2Od 👉 If you own a home or are planning for retirement, this is a conversation you don’t want to miss.
Category: Reverse Mortgage
REVERSE MORTGAGES
We are finding that reverse mortgages are becoming more of a financial planning tool. If you are at least 55 years old, and have around 50% equity in your home, you may want to consider a reverse mortgage. In a reverse mortgage, you don’t make out-of-pocket payments on the mortgage, rather the equity in your home makes the payments as the principal balance increases over time. You have to occupy the home as your primary residence, and you can stay in the home for the rest of your life, even if the mortgage balance exceeds the value of your home....
September 21, 2023September 21, 2023john
DO YOU HAVE QUESTIONS ABOUT REVERSE MORTGAGES?
Are you considering applying for a reverse mortgage? Do you have questions about 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. 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...
September 15, 2022September 15, 2022john
IS A REVERSE MORTGAGE A GOOD OPTION FOR LONG-TERM CARE?
Should you use a reverse mortgage to pay for long-term care? Check out this article published by The Arizona Republic on how to evaluate whether a reverse mortgage is a good option for long-term care. Click link https://bit.ly/3xlKXHM Contact us, we’re happy to discuss reverse mortgages with you. We offer a variety of products and services, ask us how we can assist you today. We work for you, not the lender. Counsel Mortgage Group®, LLC Licensed in Arizona, California, Hawaii and Illinois www.counselmortgage.com 480-502-1000 NMLS #178927 AZ MB #0909580 CA DBO #60DBO43873 HI-178927 IL MB.6761723 Copyright © 2022 Counsel Mortgage...
June 6, 2022June 9, 2022john
ARE YOU ELIGIBLE?
Not all homeowners are eligible for a reverse mortgage. Understanding reverse mortgage requirements is the first-step to take when considering applying. What are the requirements for reverse mortgage? Your home must be your primary residence. You must be current on your loan and/or federal loans, I.e. student loans, etc. You must complete counseling with HUD Contact Counsel Mortgage Group. We offer a variety of products and services, ask us how we can assist you today. We work for you, not the lender. Counsel Mortgage Group®, LLC Licensed in Arizona, California and Hawaii www.counselmortgage.com 480-502-1000 NMLS #178927 AZ MB...
January 9, 2022January 9, 2022john
REVERSE OR FORWARD MORTGAGE?
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...
March 10, 2021March 10, 2021john
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...
December 17, 2019December 17, 2019john
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...
October 30, 2019October 30, 2019john
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.
May 5, 2018May 5, 2018john