Reverse Mortgages with Fixed Rates
Posted on June 23, 2008 - Filed Under Finance | Leave a Comment
Reverse mortgages with fixed rates have become increasingly popular since the new HUD FHA program was introduced.
Since the development of the reverse mortgage program by HUD, only adjustable interest rates have been offered. With the recent news stories spreading fear about the “danger? of adjustable rate mortgages, it is understandable that many seniors have been more than a little hesitant of the reverse mortgage with an adjustable rate.
The Basics of FHA Real Estate Mortgages for Investors
Posted on May 3, 2008 - Filed Under Finance | Leave a Comment
Sternberg brings his “buyers” expertise after 30+ years as a real estate investor. This article is a must read for any investor dealing with the potential of FHA buyers and sellers.
As an investor, it’s important to know the details of HUD/FHA programs so you can deal effectively with buyers and sellers, particularly in the area of foreclosures. Owner-occupants have first choice on these properties, but when repossessed properties don’t sell, you can pick up some real bargains. So, my advice is to study the basic information I provide in this article, and then gain as much knowledge as possible from the HUD/FHA web sites. That way, when opportunities do arise, you’ll be ready to seize them. Basic Information on FHA The Federal Housing Administration (FHA) is part of the Department of Housing and Urban Development (HUD).