Bruce Simmons - April 15, 2019
Seeing how reverse mortgages are my profession, I follow reverse mortgage news on a daily basis. Some articles I see are good and some are not.
Below are a few recent ones that I thought you would want to be aware of. ..
Bruce Simmons - April 11, 2019
CRMP stands for Certified Reverse Mortgage Professional.
A CRMP is a mortgage professional who has made a long-term commitment to use his or her experience and knowledge to serve older homeowners and is the
highest designation a reverse mortgage professional can earn.
Bruce Simmons - April 09, 2019
A couple of weeks back I attended the Western Reginal Meeting for the National Reverse Mortgage Lenders Association (NRMLA) in California. ..
Bruce Simmons - March 15, 2019
When I am asked what it costs to get a reverse mortgage, I answer with my most common response: It depends. ..
Bruce Simmons - March 11, 2019
I often say that obtaining a reverse is a process. This is because there are a number of steps involved and in this article I want to lay them our
for you so you know exactly what to expect. ..
Bruce Simmons - March 08, 2019
“Would the Line of Credit ultimately be larger if opened earlier rather than later? We can further explore this question with a more realistic example.” ..
Bruce Simmons - January 21, 2019
The National Revere Mortgage Lenders Association (NRMLA), puts out a monthly magazine appropriately named "Reverse Mortgage". ..
Bruce Simmons - January 16, 2019
Most people don’t know that there are actually two different interest rates when it comes to reverse mortgages. ..
Bruce Simmons - January 14, 2019
FHA has increased the Maximum Lending Limit for the Home Equity Conversion Mortgage (HECM) for 2019 from $679,650 to $726,525. This is the third year in a row that FHA has increased the lending limit. ..
Bruce Simmons - January 10, 2019
69-year-old Alice decides to sell her home and downsize. She sells her home for $325,000 and after $18,000 in closing costs and paying off a $30,000
HELOC balance has $277,000 remaining. However, she has fallen in love with a new patio home for $400,000. She knows she can’t afford it because
she cannot afford a new mortgage payment plus the HOA dues on her SS and pension of $1,850 per month. But what if she didn’t have a mortgage