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Mortgage and Lending - Aurora Financial Group
RECENT BLOG POSTS
Last time, we learned about who can qualify for a reverse mortgage (see Reverse Mortgages - Part 1).  This time we are going to discuss payment options and how much money someone can get with a reverse mortgage. ~ You will never have to make another mortgage payment ~ Payment Options When you fin...
02/02/2009
In this installment on reverse mortgages we will discuss a few items; The expected costs of a reverse mortgage, If an appraisal is needed, and Who holds title to your home. Expected Costs of a Reverse Mortgage The costs of a reverse mortgage are very similar to that of a typical purchase or refin...
02/02/2009
Reverse Mortgage Counseling One of the wonderful things about reverse mortgages, is that everyone obtaining a reverse mortgage must go through counseling. Counseling is a time of education where you can ask as many questions as you like. You can also uncover some things that maybe you did not thi...
02/02/2009
Is My Reverse Mortgage Taxable? Money received from a reverse mortgage is not taxable as additional income. Remember, this is a loan you are taking out. This is already your money, so to speak. A reverse mortgage does not affect regular social security income. A reverse mortgage also does not aff...
02/02/2009
There are several main questions asked regarding the end of a reverse mortgage loan. These questions are; What happens if I owe more than my house is worth? How long will my reverse mortgage last? What will I owe when my mortgage is due? What happens if I have to leave my home? What happens when ...
02/02/2009
Rainer
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Carol DeGrace

NMLS # 149276
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