Recent Entries

• California Mortgage Broker Offering Reverse Mortgage at Age 55

  by Shawn Vaillancourt November 17, 2021
  One of California, Colorado, & Idaho's best mortgage brokers is now offering reverse mortgages for people as young as 55.  As of now, this program is only offered in a handfull of states, but California and Colorado are among two of them.  Traditionally the minimum age requirement is age 6...

• Difference Between Reverse Mortgage and Home Equity Loan

  by Shawn Vaillancourt April 27, 2020
  "What is the difference between a reverse mortgage and a home equity loan.  This is a common reverse mortgage FAQ.  There are three main differences between a reverse mortgage and home equity loan. First, reverse mortgages have age requirements.  Actually, both have age requirements....

• Reverse Mortgage FAQ

  by Shawn Vaillancourt April 8, 2020
  The reverse mortgage is a very safe, FHA insured loan that allows older homeowners aged 62 plus to borrow money without a monthly payment.  Below is a basic Reverse Mortgage FAQ along with a few resources that further explain the program. 1. How old do you have to be to do a reverse mortgage?&...

• Reverse Mortgage Info

  by Shawn Vaillancourt April 7, 2020
  If you currently have a mortgage, the first thing a reverse mortgage would do is to pay off your existing mortgage thereby eliminating your monthly mortgage payment.  Then, depending on how much is left over, you can take the rest or the money in a lump sum, monthly payments to you, or a line o...