by on January 3, 2023
                                    <h1 id="chl-title">Want a Clue on Health Care Costs in Advance? New Tools Take a Crack at It</h1> <div>    <span class="byline">Julie Appleby, Kaiser Health News</span>         <time class="posted-on" datetime="2023-01-03T05:00:00-05:00">             January 3, 2023        </time>         </div> ...
73 Views 0 likes
by on November 2, 2022
If you’re at least 62 years old, a reverse mortgage can let you turn part of the equity in your home into cash. You will not have to sell the home or take on additional monthly bills. The reverse mortgage does not have to be paid back as long as you live in your home. You only repay the loan when you sell your home or permanently leave it. Read more information about reverse mortgages. Types of Reverse Mortgages The three types of reverse mortgages include:  ...
89 Views 0 likes
by on July 14, 2022
You might be considering the idea of putting extra money toward your mortgage payment to eliminate your mortgage debt more quickly. However, paying off your mortgage early isn’t always a good idea. Each situation is unique, and no solution is the right choice for everyone. Eliminating debt is a great idea, but it’s not always the best idea.   Consider these reasons to avoid paying off your mortgage early: ...
103 Views 0 likes
by on February 12, 2022
If COVID-19 has made it difficult for you to pay your mortgage, utilities, or other housing payments, financial assistance is on the way. The Homeowner Assistance Fund (HAF) was established by the American Rescue Plan Act to help homeowners financially impacted by COVID-19 with housing-related costs. Find Homeowner Assistance Fund programs in your area. If the program in your area is up and running, you may start your application process. Funds are limited. Some programs may not have enoug...
88 Views 0 likes
by on October 15, 2021
Reverse mortgages are credit advances that allow the elderly to borrow against their home equity during their retirement years. Unlike traditional mortgages, borrowers don’t have to make a monthly payment on their reverse mortgage.  The Kevin A. Guttman team of mortgage professional are here to help you every step of the way. In fact, a reverse mortgage is a particular type of loan that converts some of your home equity into cash. This loan allows borrowers to retain ownership of their home a...
83 Views 0 likes
by on October 5, 2021
If the coronavirus pandemic has made it difficult for you or those you work with to make mortgage payments, it’s not too late to request COVID hardship forbearance. Forbearance is when a mortgage servicer or lender allows homeowners to pause or reduce mortgage payments for a limited time while they build back their finances. If the home loan is backed by HUD/FHA, USDA, or VA, the mortgage servicer is authorized to approve initial COVID hardship forbearance requests until the COVID-19 National...
83 Views 0 likes
by on June 30, 2021
In the coming weeks and months, many COVID-19 protections will come to an end. Today we finalized amendments to federal mortgage servicing rules that help ensure homeowners have a meaningful opportunity to pursue foreclosure avoidance options while they are recovering from the economic effects of the pandemic. This is part of our work to prevent avoidable foreclosures. Effective August 31, 2021, most mortgage servicers must tell you about your repayment or other options when they reach out to...
85 Views 0 likes
by on March 29, 2021
Lots of people are having difficulty paying their rent due to the pandemic. But today, the Centers for Disease Control (CDC) released an eviction moratorium order. It protects people from being evicted for not paying their rent if they complete a declaration form and give it to their landlord. This protection lasts until June 30, 2021. If you qualify for this help, fill out and sign a declaration form (available in both English and Spanish) and give it to your landlord. If you need help under...
88 Views 0 likes
by on December 30, 2020
Well known radio host and author Dave Ramsey has come out strongly against reverse mortgages. The truth is, Dave only likes 15 year fixed mortgages, or preferably cash when buying a home. For the sake of full disclosure, I am a Dave Ramsey fan, having facilitated his flagship program Financial Peace University in two different churches. And, I do offer reverse mortgages to senior homeowners. Dave is against debt. However, many wealthy people have become so because of leveraging debt on real e...
117 Views 0 likes