Retirees who take the right steps and avoid these common pitfalls can qualify for a mortgage for their Delaware retirement home. In today’s Ask The Broker video, Kathy invites guest Pete Green of Atlantic Bay Mortgage Group to discuss if retirees can obtain a mortgage to purchase their retirement home and what they can do to […]
In Delaware, the Buyer chooses the settlement attorney and the attorney represents the Buyer, not the Seller. If the Seller wishes to retain their own counsel, they may do so, but you should not give up your right to representation by your own attorney Use your own Attorney In new construction, it has become common […]
We get this question often, so I thought I would provide some current information to all of our readers. The answer is “Absolutely you can get a mortgage”. How large a mortgage will depend on your retirement income and other expenses, but you can still get a mortgage when you are retired. Our parents always […]
Have you ever wondered where all those bank offers and solicitations come from? I once made the mistake of responding to an online offer to refinance my mortgage and “reduce your mortgage payment”. Normally, I ignore them, but this one time it appeared to be legit. That one mistake resulted in phone calls and mailings […]
“As of September 1, 2011 appraisals will change drastically. We now must complete appraisals in what is defined as UAD or Uniform Appraisal Dataset format. This is a GSE Fannie, Freddie requirement.” I saw this blog just this morning posted by Bobbie Smith, a Realtor up in the Poconos. An appraiser in her area, Mary […]
You can buy a new home using an FHA Reverse Mortgage and there are so many potential advantages for those over the age of 62, especially for the self-employed. Let me explain – Normally when you apply for a mortgage, your credit score and your income determine the amount of money you can borrow to […]
How can you buy a home and have no mortgage payment even though you still have a home to sell? If this is you – • You are 62 or above • You have significant equity in your primary residence • You don’t feel comfortable buying a new home until your current home is sold • You know where […]
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