Along with the update our website, www.RMSIDAC.com, I have moved my blog to a new site: http://rmsidac.com/beths-reverse-mortgage-blog/. Please visit the new site for future posts and explore our website for facts and information about Reverse Mortgages in Minnesota. Make sure you subscribe so you receive email notices when a new post has been added.
Thanks for visiting! Hope to see you on the new site!
BLOG POST’S INFORMATION IS CURRENT AS OF THE DATE POST PUBLISHED, PROGRAM HAS CHANGED OVER THE YEARS AND IS SUBJECT TO CHANGE IN THE FUTURE. Contact us for current information, 651-762-9648.
This site or information provided is not from, or approved by, HUD or FHA or any US Government Agency or Department.
Photos used are stock photos, not actual borrowers.
Borrowers’ situations and quotes used are real; borrowers’ names changed to protect their identity.
A Reverse Mortgage may be your solution to affording to retire. Read how it made allowed these people to retire.
Working a 40 hour week at a very physically demanding job, Len continued to work in order to cover their mortgage payments. After hearing about a reverse mortgage, they contacted me, got educated with the facts and decided to proceed. Once their reverse mortgage was closed and their conventional mortgage paid off, eliminating mortgage payments Len was able to retire. With no mortgage payments, he and his wife, Maricarol are now enjoying their retirement, living in their Minnesota retirement home close to their children giving them the opportunity to spend more time with their children and grandchildren. They said, “Without the reverse mortgage Len would not have been able to retire.”
Trying to make ends meet and make his mortgage payments, Jack is still working. Having…
View original post 537 more words
In light of recent misleading information in the media, I am re-posting this article.
State Attorney Generals, politicians and other government agencies are issuing cautions on reverse mortgages. Some of their advice is good, unfortunately, with many of these “warnings” the information is not accurate. Their…
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Are you debating whether to do a conventional mortgage or a reverse mortgage? Read this article before making your final decision.
- There are no income or credit score requirements to qualify for the interest rate.
- No monthly mortgage payments required.
- There is no limitation on how the funds can be used.
- Funds can be received in monthly payments structured as needed, line of credit (with…
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The Reverse Mortgage can still help save homes from foreclosure.
Being from a smaller town, they hadn’t heard about reverse mortgages previously until they were visiting relatives in another state and heard them advertised. When back in Minnesota they looked up reverse mortgages and found their way to us. After an initial two-hour conversation explaining the details and terms of the HUD insured Home Equity Conversion Mortgage (or HECM) they decided to proceed knowing their only option to save…
View original post 645 more words