Thomas Turner's Blog

    Is age discrimination allowed in mortgage lending?  The answer is absolutely not!  I was recently approached and asked if a 72 year woman could buy a condominium and get a 30 year mortgage.  The individual was retired and receiving pension and social security income.  The question was asked i...

Reverse Mortgage loans have new regulations effective September 30, 2013.  Because of these changes it could cause a greater number of borrowers to no longer qualify. Reverse mortgages have been a growing source of additional income for people 62 years or older.  With the new requirements it will...

Jumbo mortgages today have a lower interest rate than conventional mortgages.  For those who don't know a jumbo mortgage in most markets is a loan that is over $417,000.  And because they typically aren't as liquid as conventional mortgages the rate on a jumbo mortgage is higher than a Fannie Mae...