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Curious about reverse mortgages? Let me break it down! As a Fairway Independent Mortgage Reverse Mortgage Specialist, I've seen firsthand how a reverse mortgage can be a safe and convenient option for many homeowners looking to tap into their home equity. Here's the scoop: With a reverse mortgage, you can convert a portion of your home equity into cash without having to sell your home or make monthly mortgage payments. Plus, you still retain ownership of your home! But what about safety? Rest assured, reverse mortgages are highly regulated to protect borrowers. With safeguards in place, you can trust that you're in good hands every step of the way. Whether you're looking to supplement retirement income, cover unexpected expenses, or simply enjoy a more comfortable lifestyle, a reverse mortgage could be the solution you've been searching for. Ready to explore your options? Let's chat! I'm here to answer your questions and help you make informed decisions about your financial future. Text or call 713-206-2094.   #ReverseMortgage #FinancialFreedom #FairwayIndependentMortgage #HomeEquity #HoustonFinancialPlanners #ChrisViviano #fairwaynation #HECM

POV: Rethinking the 30-Year Fixed Loan Thinking a 30-year fixed-rate loan is your only option? 🏡💭 Think again! While it’s the classic choice for many homebuyers, it’s not a one-size-fits-all deal. Ever considered an adjustable-rate mortgage (ARM)? Perfect for those who plan on moving before rates change or if you’re eyeing a home that’s just out of reach with fixed rates. 🔄 Or, if you’ve got the budget, why not look into a 15-year loan? Yes, the payments are higher, but the interest savings? Huge! So before you lock in for the long haul, let’s explore all your options to find the perfect match for your financial future. SAVE this for later and follow @derrickabridgett on instagram for your daily mortgage tips! #HomeLoanChoices #MortgageOptions #SmartFinancing #RealEstateTips #FinancialFreedom #MortgageAlternatives #SmartFinance #HomeBuyingHacks

Discover how to maximize mortgage savings with this savvy strategy! 💡 When purchasing a home in February, plan to submit your first mortgage payment in March, ahead of the April due date. This early payment, applied toward your principal, not only accelerates equity buildup but also trims 6 months to a year off your loan term, saving you over $10K in interest over time. 💰 🏠 Don't miss out on this opportunity to optimize your finances and fast-track your path to homeownership success! #MortgageSavings #FinancialWisdom #SmartHomebuying #InterestSavings #MortgageHacks #HomeownershipTips #FinancialFreedom #SaveMoney #RealEstateAdvice #SmartInvesting

3 Ways to Restructure Mortgage and Save Thousands (Courtesy of https://lnkd.in/gZPEQVqs) You can refinance or recast your mortgage. Or you can create your own DIY mortgage restructuring plan. We compare so you can decide. The way your mortgage is structured today doesn’t have to be the way it’s structured tomorrow. What are your goals? To free up funds, reduce your monthly nut, or pay off your loan more quickly? These three strategies offer something for most everyone. Send in extra money to pay down principal. Recast your mortgage. Refinance your loan. Send in Extra Money to Pay Down Principal In the mid-1970s, Marc Eisenson coined the term “banker’s secret,” which promoted a cost-saving idea: Pay more than required on your monthly mortgage, and you’ll save a pile of money. Eisenson says, “It was a secret that bankers knew, but didn’t share with their customers.” Here’s how it works. If you take out a $200,000 30-year mortgage at an interest rate of 6%, and hold it to term, you’ll pay a total of $382,537.97 for your home, including interest of $182,537.97. However, if you send in just $100 each month in additional principal, you’ll save more than $49,000 in interest over the term of the loan. There’s another huge perk: You’ll pay off the loan five years and five months ahead of schedule. #housing #mortgage #realestate #properties #home #property #realtor #homesweethome #dreamhome

⭐️We understand the importance of staying in your cherished home. Just like Mell, who used our services twice - for her mother and herself - we're dedicated to helping our clients achieve financial security and peace of mind. Learn more about how our Reverse Mortgage products can help you unlock the potential of your home equity. #ReverseMortgage #FinancialSecurity #Homeownership #SeniorLiving #MutualReverse #MutualofOmahaReverseMortgage

Maximizing Your Mortgage: Unveiling Strategies for Faster Payoff and Interest Savings: Owning a home is a significant milestone, but the burden of a mortgage can loom large. Fortunately, there are various strategies to expedite your journey to mortgage-free living, ultimately saving you money on interest payments. We will discuss mortgage payment strategies, such as bi-weekly payments, extra payments, and more, to empower homeowners in their quest […] The post Maximizing Your Mortgage: Unveiling Strategies for Faster Payoff and Interest Savings appeared first on Ishakis Finance Report Mortgage Broker Brooklyn. http://dlvr.it/T1rwQ1

When determining how much home you can afford, there are two things to consider: How much home can you qualify for with a mortgage lender? This takes into account your gross monthly income, other debt and monthly obligations, assets, credit score, and ability to repay your mortgage. What monthly payment amount do you feel comfortable making, taking into account your other obligations, lifestyle, and expenses tied to homeownership? These two numbers don’t always align, so it’s important to get a look at how homeownership will pencil out for you—which is exactly what our payment calculators and Preferred Rate Mortgage Advisors can help with. To play with the numbers on your own, visit https://bit.ly/3TGQWCr To connect with a local Preferred Rate Mortgage Advisor for guidance, visit https://bit.ly/3rCl2bE #preferredrate #homeownership #homesweethome #mortgage #mortgageadvisor #creatingexperiencesthatmatter

🏡 Have You Ever Considered an Offset Mortgage? 🏡 If you are exploring mortgage options, an offset mortgage could be a game-changer! Discover four scenarios where an offset mortgage can be especially beneficial... In our latest blog post, we delve into how this type of mortgage works and how it can help you save on interest, reduce your loan term, and provide financial flexibility. 🔍 Key Takeaways: - Save on interest payments - Pay off your mortgage faster - Enjoy greater financial flexibility - Make the most of your savings. Learn more about these advantages and see if an offset mortgage aligns with your financial goals. 👉 Read the full article here: https://lnkd.in/eJZGS5bu 🔗 Learn more about our mortgage service and our team here: https://lnkd.in/eHakmCCK #MortgageTips #FinancialPlanning #OffsetMortgage #HomeOwnership #PersonalFinance #InvestSmart

REVERSE MORTGAGE: The Reverse mortgage program is an interest-only loan that gives you the option to skip the interest payments for the rest of your life if you want to. So if a higher-than-normal unexpected expense comes your way, like a major home or auto repair, the need to help a family member, or anything from A to Z that challenges your monthly budget, you can skip as many interest payments as you need to, to deal with these unexpected challenges more easily. The reverse mortgage program gives you full control of your home mortgage. So if you want to, you can pay your interest expense and whatever you wish towards your balance, you can pay only your interest expense or half of your interest expense, but best of all, you can pay nothing. Now if you decide to pay nothing, the interest expense is simply deferred to the back of your loan and added to the balance that is all. Again, no rule says you are not allowed to pay down the interest or more if you want to but you don’t have to. The reverse mortgage program simply allows you the option to live the rest of your life as comfortably as possible. www.reversingmtg.com #retirementplanning