best reverse mortgage in texas Archives | The Richard Woodward Team Nexa Mortgage

12 Mortgage Red Flags That Could Cause Your Mortgage To Be Declined

Mortgage Red Flags: Property Issues that Could Derail Home Financing Whether you are buying a home for the first time or investing in a rental home, there is a huge chance that you will need a mortgage to finance that property. Most people who buy real estate don’t do it with their own money because…

Unlock Financial Freedom with a Reverse Mortgage: Empowering Seniors Over 62

Are you a homeowner over the age of 62, facing financial challenges despite the valuable asset of your home? Meet Carol, a retired individual who recently experienced the loss of her spouse. Her income decreased, while her expenses remained unchanged. Luckily, Carol discovered a powerful financial tool tailored specifically for individuals in her situation: the…

Why Financial Planners are Raving About Reverse Mortgages for Retirement

Reverse mortgages are gaining popularity among seniors as a way to supplement retirement income. Traditionally viewed as a last resort for cash-strapped retirees, reverse mortgages are now being recommended by financial planners as part of a strategic retirement planning strategy. In this blog post, we will explore why financial planners are recommending reverse mortgages and…

DON’T LET TODAY’S INTEREST RATES KEEP YOU FROM BUYING A HOME We’re expanding our Temporary Mortgage Rate Buydowns to help you receive even bigger savings of up to 3% off your initial rate. Choose from 3-2-1, 2-1, 1-1 and 1-0 buydowns, available immediately! They’re available for conventional, FHA and VA borrowers who need a lower…

Expert Report that Reverse Mortgages Are No Longer Just for Struggling Homeowners You can turn your home equity into cash to pay off bills or preserve other savings or investments. They are complicated and not for everyone. Janice Keese decided not to make any major decisions after her husband’s sudden death in 2016. Janice Keese waited two…

Home Equity Growth can factor into savings with a reverse mortgage

Forbes: Turn home equity into additional savings with a reverse mortgage The ‘Mortgage Professor’ offers his thoughts about incorporating home equity into a retirement plan, and why including a reverse mortgage can significantly increase the funds available. A reverse mortgage, which can be used to convert equity from your home into cash, can help you…

Reverse Mortgages This article will provide information about reverse mortgages from a Certified Reverse Mortgage Specialist, Richard Woodward. It will include what you need to do to qualify, when you must repay the loan, and what could trigger a foreclosure. What is a reverse loan? Reverse mortgages allow older homeowners, 55 and older in some…

2022- the Rules have changed in the mortgage business

The Mortgage Business has Changed in 2022 The mortgage business is changing in 2022 in a number of different ways. We are going to look at what is coming in 2022 for the mortgage business and the Real Estate business. Forecasting is not easy these days, especially when it comes to economics. For example, many…

What are the benefits of a reverse mortgage

Here are six beneficial reasons to use a reverse mortgage. A reverse mortgage is a loan that allows homeowners over 62 to borrow money from the equity in their home. It can be used for anything, but it’s most commonly used as a retirement planning or income resource. The new guidelines for reverse mortgages make…

What is a Reverse Mortgage and how does it work? A Reverse Mortgage is a mortgage specifically designed for those 62 years of age and older who want to have more control over their mortgage and their assets. It is similar to an FHA mortgage but with lots of extra options and protections. They are easier…