Topic : Loan Basics
Mortgage Loan Fraud - Holding the Lender Accountable
by Beth Cary, Certified Senior Escrow Officer
Loan fraud is a hot topic in the news lately. It seems that reported cases of loan fraud are on the rise and governmental agencies are struggling to get a handle on the situation. The reality is that loan fraud hurts us all. It results in the limitation of the financing options […]
Mortgage/Home Loan Abbreviations
by Sharon Hassler, President, Go Get Experts
Confused by some of the abbreviations in the information you receive from your loan officer or mortgage broker? Here are many of the common abbreviations used today. If you have any questions about documents from your lender, do not hesitate to ask for clarification. Your loan originator wants you to understand your loan program. An […]
Reverse Mortgage Basics
by HUD, U.S. Department of Housing and Urban Development
The Home Equity Conversion Mortgage or FHA-Insured Reverse Mortgage can be used by senior homeowners age 62 and older to convert the equity in their home into monthly streams of income and/or a line of credit to be repaid when they no longer occupy the home. The loan, commonly known as HECM, is funded by […]
Go With the (Reverse) Flow
by Todd K. Ballenger, for Registered Rep.
Help your clients by reversing outdated thinking about reverse mortgages. Learn to accommodate more of their “I needs” and their “I wants.” Regard a reverse mortgage the way you would a forward mortgage: It is simply a device for improving cash flow…
Read the complete article here: Go With the (Reverse) Flow