Lower Age and Higher Loan Limits for a Reverse Mortgage

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Did you hear the news? If you have a buyer over age 55 you might qualify for a reverse mortgage up to $4,000,000 to purchase a primary residence! Loan to value depends on a mix of the age and property type, and price; typically 30-50%. The older the age, the more they can borrow It […]

SOME COLORADO RESORT PROPERTIES ARE A CHALLENGE TO MORTGAGE, BUT NOT IMPOSSIBLE

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Can you finance your dream home? Maybe not? The nature of a resort community means that we often have residential condominiums that are located in less than traditional buildings, and may have very untraditional ownership situations. Some Colorado resort properties are a challenge to mortgage, but not impossible. These properties present a unique set of […]

HOW MUCH DOES A NO COST MORTGAGE REALLY COST?

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What Is A No Cost Mortgage Loan? Quite often of late I see advertisements for no cost mortgage loans, particularly with regards to a refinance.  Like mother always told you, if it sounds too good to be true, it might just be. A no cost loan can either be a great deal for a borrower […]

Reverse Mortgages Can Work For Purchase or Refinance

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What is a reverse mortgage? While I have written about reverse mortgages in the past, I thought I would touch on the subject again as it seems to be a popular topic recently. It has often been said getting a mortgage is the most complex financial decision most people make in their lives.  Actually a […]

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