Reverse mortgage loans can be great products, but they are undoubtedly the most misunderstood product out there today. Terrible lenders and general con artists love to use the foundation of a reverse mortgage loan to scam people. But that has nothing to do with reverse mortgage loans. Having said that, misunderstanding what a reverse mortgage…
Normally when you’re screwing something up… you’re aware of it. That’s at least how it normally goes for me. But when it comes to your credit, there is so much misinformation out there that it’s easy to make mistakes that hurt your credit… when you think you’re actually helping. Check this out for more information.…
Forbes came out with an article discussing “retirement income shock.” Essentially, the different ways that your income can take a hit while you’re retired. This is a scary prospect for most people, and people wind up quickly destroying what they’ve saved if they don’t have a plan on how to maximize their retirement. You’ve gotten…
We live in the DIY time where everyone thinks they can do anything they can find on youtube. As a result, many people are leaving money on the table when they go to sell their home without a real estate agent. You certainly CAN sell your home without a realtor, but why would you when…
People who are self employed aren’t doing it because it makes their life easier. Being self employed means more paperwork, extra steps, long hours, but it shouldn’t mean that you can’t get a mortgage. If you’re self employed, most of the time I’ll need a few extra bits of paperwork to get a mortgage, but…
If you have credit challenges, it’s going to cost you in many areas of your life. That’s why it’s so frustrating when I give people a plan to enhance their credit, which I can do for anyone that calls me for free, and they don’t follow it. It’s their money, and ultimately all I can…
About once a week I see a story about some con artist who is scamming people out of money under the umbrella of a reverse mortgage, and this week I found this story. So let me say, for the 100th time. These stories have NOTHING to do with Reverse Mortgage Loans. They have EVERYTHING to…
