Yesterday, following the radio show, I was in a conversation about Reverse Mortgages....and my friend asked..."what is the real truth about Reverse Mortgages?" So, looking in various books and on the internet....and based on what I know, here are some thoughts on the pros and cons.."let the truth
...
06/24/2012
Ken Corsine, in his blog on “the Bigger Pockets” blog, which is a an excellent online real estate magazine, made the following observation about Hard Money. I brought this up the other day when talking to a borrower about a hard money-private money loan….and here is the essence of what was said:
...
06/07/2012
We may be the hard money arranger that you need for all kinds of business loans, including real estate business loans. Bad credit can be a non-issue with us. We want to help you get the hard money that you need, when you need it. We provide the following types of loans for our borrowers: •Comm
...
06/07/2012
I just received the following from Elizabeth Ecker, the Editor of Reverse Mortgage Daily...and this was in the Dallas Morning News. Very interesting update.... The age of reverse mortgages is here,” writes a Dallas Morning News column by syndicated columnist Scott Burns, who is also founding part
...
06/04/2012
In general, to be eligible for a reverse mortgage the youngest homeowner must be 62 years old or older and have sufficient home equity. Determining whether or not there is sufficient equity in the home is an FHA calculation that takes into account: Current interest rateWhether the rate will be v
...
06/03/2012
FHA 255 Reverse Mortgage Program. Reverse mortgages are becoming popular in America. They can supplement retirement income and give older Americans greater financial security. A reverse mortgage is a loan that enables elderly homeowners to borrow against the equity in their homes and receive mont
...
06/02/2012
A reverse mortgage is a loan for senior homeowners that uses a portion of the home’s equity as collateral. The loan generally does not have to be repaid until the last surviving homeowner permanently moves out of the property or passes away. At that time, the estate has approximately 6 months to
...
06/02/2012
Just got back from the 3 weeks in Asia (1 week in Thailand with the Rotary International Convention)...then on to Taiwan...such a great place. Now am back and expanding to include Reverse Mortgages as a product that we offer. Will be associating with Security 1 Lending here in Redding, CA....and
...
06/02/2012
Last night at the Cascade Theater in Redding, the Theater presented the Broadway Musical “Hairspray”, directed by Jan Pulcine Leard…and it was an outstanding performance. Often on Opening Night, little things will go wrong…and last night was the exception. It was a perfect show…and the large open
...
03/31/2012
This is the new updated front page of my website... If you are seeking financing or re-financing for a large, or small, commercial project, you have come to the right place. Ron Largent is an independent commercial real estate financing consultant with various national lenders, all leading compan
...
03/18/2012
