Life, Money & Real Estate

Mortgage strategies to pay off your loan

7 min · 28. Dez. 2022
Episode Mortgage strategies to pay off your loan Cover

Beschreibung

I talked to Haslankar ('Jas') Lopez, B.S. Sr. Mortgage Lender/ Processor, Golden Sun Realty & Loans, Inc. BRE: 01974366 | NMLS:1593935, she will give us some strategies to have a better control of our mortagages , for any questions here is her information: Direct: (925) 705-2740 Jhaslopez@gmail.com HaslankarLopez.zipforhome.com For More Information Contact Aurora Betancourt, MBA, CIPS Realtor CA DRE #01467453 aurora.betancourt2012@gmail.com 510-734-0999

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Episode Reverse Mortagages Cover

Reverse Mortagages

A reverse mortgage is a mortgage loan, usually secured by a residential property, that enables the borrower to access the unencumbered value of the property. The loans are typically promoted to older homeowners and typically do not require monthly mortgage payments. Borrowers are still responsible for property taxes or homeowner's insurance. Reverse mortgages allow older people to immediately access the home equity they have built up in their homes, and defer payment of the loan until they die, sell, or move out of the home. Because there are no required mortgage payments on a reverse mortgage, the interest is added to the loan balance each month. The rising loan balance can eventually grow to exceed the value of the home, particularly in times of declining home values or if the borrower continues to live in the home for many years. However, the borrower (or the borrower's estate) is generally not required to repay any additional loan balance in excess of the value of the home. For More Information Contact Aurora Betancourt, MBA, CIPS Realtor CA DRE #01467453 aurora.betancourt2012@gmail.com [aurora.betancourt2012@gmail.com] 510-734-0999

27. Dez. 20227 min