In a word, a reverse mortgage is a loan. A homeowner who is 62 or older and has considerable home equity can borrow against the value of their home and receive funds as a lump sum, fixed monthly payment or line of credit. Unlike a forward mortgage—the type used to buy a home—a reverse mortgage doesn’t require the homeowner to make any loan payments.
Are you ready to get started working on your #MatrixSYD Mortgage Solution? Schedule an appointment with me through my website www.MatrixSYD.com.
Last week I passed my mortgage licensing exam with an 86% (and only 56% pass this test with a 75% or better) and today I completed my application and fingerprinting requirements! I’ve chosen Summit Home Loans/Dillan Lewis @dlouie92 to be my sponsoring broker, and now I’m just days away from being able to service loans as a WHOLESALE loan originator!
So here’s the scoop.... I cannot perform as a realtor AND loan officer on the same transaction, and my primary mission is to BE YOUR REALTOR! However, with my knowledge of the mortgage industry I can guide my real estate clients to the best loan products to save time, money, and hassle! When you need to REFI, because rates are amazing right now, then I’M YOUR MORTGAGE GIRL!
I know, I know... you have a friend or relative who’s an agent and they’re going to slash their commission for you - or you simply feel obligated because blood is thicker than water. Let me tell you, if your friend/family realtor isn’t able to guide you through the complete buying process with confidence and save you way more money than a “commissionectomy” would... well, you’re not speaking the language of money! There’s no better negotiator when it comes to buying or selling a home, and there’s no realtor better suited to help with the financing too!
Call Ashley, your one-stop-shop for buying, selling, renovating, staging, and financing! #realtybyashley#mortgage#homeloanoriginator#wholesalemortgagelender#mortgageguru#mortgagegirl#badassrealtor#badasslender#kickassrealtor#kickasslender#fittobuy#fittosell#homesweetutahhome#lovewhereyoulive#livewhereyoulove#beaUTAHful#helpingheroesfindhomes#relocationspecialist#relocationconcierge#buildingwealthonehouseatatime
4 3017 July, 2019
This type of mortgage allows homeowners 55 years and older to convert their home equity into either a lump sum payment or monthly cash payment(s), generally for living expenses. A homeowner’s equity is drawn down by the lender to the homeowner - the borrower.
When the homeowner no longer wishes to occupy the property as their principal residence, or upon the death of the borrower, the loan balance is due. The balance of the loan is settled from the proceeds of the sale of the property either by the owner themselves or their heirs.
With mortgage interest rates running much lower than credit card interest rates, you may be thinking about rolling some or all of your unsecured debt into your mortgage. And you may be wondering if this is even possible. The simple answer is yes, but . . . there’s a lot to consider before you make the move.
Without getting too technical (because there are a wide variety of home loan products available), if you own a home and want to leverage the equity in your home to create funds for something like debt repayment, you have two general options: refinance the entire mortgage or take out a home equity loan.
Does this sound like something you'll be interested in? To find out more call me today at 855-361-9110 or visit www.MatrixSYD.com to get started. #MatrixSYD
3 5230 January, 2019
A refinance can turn your home's equity into much-needed cash..... One way to do this is to perform a cash-out refinance. This type of refinance allows you to turn the equity you’ve built up in your home into cash that you can use for whatever you like. Most people use it to pay off high-interest debt, fund a large purchase or finance a home improvement project.
Many people like to consolidate credit card debt using a cash-out refinance because they can make fixed payments on it over a set period of time, rather than paying a revolving balance every month.
Find out more at www.MatrixSYD.com or schedule an appointment to speak with me today! Take a look and my new website and let me know what you think 😉