▶ VideoIn today’s housing market, high home prices and elevated interest rates have many mature homeowners feeling stuck. If you are 62 or older, the thought of moving out of a large family home and into a property that better suits your current lifestyle can feel daunting—especially if you want to avoid taking on a large…
Ready to talk about your Reverse Mortgage options? Click Here to Learn More If staying home is the goal, the equity you’ve built can help pay for care, comfort, and peace of mind, all without selling or having a monthly mortgage payment. You’ve spent decades taking care of your home. The mortgage payments made on…
▶ VideoFor many homeowners, the greatest asset they’ve built over their lifetime is the equity in their home. However, as you enter retirement, that equity can feel “locked away” unless you sell the property. The good news? You don’t have to move to benefit from the wealth you’ve built. Understanding Your Equity Options Throughout my career…
▶ VideoThe most common reverse mortgage program is the Federal Housing Administration-insured Home Equity Conversion Mortgage (HECM). Instead of making a monthly mortgage payment, qualified homeowners (62+) can: (*Borrowers must still pay property taxes, insurance, and maintain the home.**Consult a tax professional.) 1️⃣ Payment Relief for Fixed-Income Homeowners For many retirees, the primary benefit is simple: cash flow relief.…
▶ VideoIf you’re 62 or older and sitting on substantial home equity, a reverse mortgage might be one of the most powerful tools you’ve never considered. At Franklin Loan Center, we’re excited to announce the launch of our in-house reverse mortgage division, built to help homeowners like you unlock equity—without the burden of monthly mortgage payments.…
▶ VideoToday I’m talking about a scenario that I am dealing with right now. It’s a really great reminder, because there are a lot of people who don’t know this. In California, under Prop 19, if at least one of the homeowners is 55+ years old and you want to buy a different house, you can…
▶ VideoNumbers recently came out showing that 30% of mortgage applications are from refinances. It has me asking: how in the world is this possible? Who is refinancing right now? The interesting thing is that we mostly think about refinancing to improve interest rates or shorten the term for amortization. The goal is to put the…
▶ VideoHappy New Year! From a business perspective, I don’t think we are going to miss 2023. But as we look forward to 2024, I think there are many reasons that we can be optimistic. Today, I want to look at the topic of getting rid of your mortgage insurance. Did You Buy Between 2020 and…
▶ VideoShould you take cash out of your house? Does it make any sense right now? Cash-out refinances are generally a case-by-case basis. Recently, we helped someone who built a bunch of debt (revolving and other things). They had backed themselves into a corner and could see that they needed to make changes. What we were…
▶ VideoI’m seeing a bunch of investor activity over the last few months, and it’s worth pointing out. Investors are looking at their current rental properties, and they are seeing that maybe they have hit the peak for now. So they are taking the cash off the table, and now they are using this big chunk…
