Single family dwellings Owner-occupied 2-4 units FHA Approved Condominiums Planned unit developments Manufactured housing built after June 1976 (additional conditions will apply)
San Gabriel Valley Tribune Reverse Mortgage Article from September 26th, 2013 Here is an article that made it into the San Gabriel Valley Tribune on September 26, 2013. For more information on Reverse Mortgages and my upcoming Workshops please give me a call at 909-524-8713 or contact me. Please enjoy. Phil
Here is an article from Reverse Mortgage Daily Enjoy, PG
Reverse Mortgage Changes are a Mixed Bag, Lenders Say
By Elizabeth Ecker
In its announcement of long-anticipated changes to the Home Equity Conversion Mortgage program, the Department of Housing and Urban Development has stated its initiative to shore up its insurance fund and make reverse mortgages safer for borrowers.
Short term, estimates that reduce the amount borrowers can access by around 15% as well as a financial assessment overlay that will restrict access to some senior homeowners have raised serious concerns among lenders with respect to the future of the program and the “new” future borrower.
Here is video 3 in my series on Reverse Mortgages. The Home Equity Conversion Mortgage (HECM) Reverse Mortgage by Phil Goss, Certified Reverse Mortgage Professional. Southern California Reverse Mortgage Professional.
What is a reverse mortgage? By Phil Goss, Certified Reverse Mortgage Professional Phil is a CRMP, NMLS#162804 and has been in the industry for 16 years and in finance since 1971. He has been able to help 600 plus families with a revere mortgage and to “Age in Place”. This is the second of a