by The Mark Klein Team | Jun 10, 2019 | Home Buyer Tips, Home Mortgage, Mortgage
The government’s rule tightening for reverse mortgages has opened a window for new proprietary reverse mortgages. While the HECM does meet the needs of most borrowers, in the past it has left out a significant portion of the higher net worth market —...
by The Mark Klein Team | Sep 19, 2018 | Mortgage
Imagine the bank depositing monthly premiums into your account instead of you writing a mortgage check. That’s basically how a reverse mortgage works. Traditional mortgages involve people paying down the interest and principal on a home loan. The goal is...
by The Mark Klein Team | Apr 24, 2018 | Mortgage
There are times in our lives when the idea of freeing up cash becomes desirable or necessary. Near retirement, this is a common consideration. The typical financial tool that many retirees want to know about is a reverse mortgage, but it’s...