Mortgages 2 - Sprint Funding

Close up Business people or Real Estate agent explain signing ag

March 11, 2024

Debunking Mortgage Myths: Separating Facts from Fiction in Home Financing

Buying a home can seem tricky with so many stories about what you can and can’t do. Some people might tell you that you need a perfect credit score or a huge down payment to get a mortgage, but that’s not always true. We want to help clear up these

February 7, 2024

Reverse Mortgages: HECM vs. Proprietary

Reverse mortgages offer a clever way to tap into your home’s equity. Different from the usual mortgage where you pay the bank every month, reverse mortgages let homeowners 62 or older get money from the lender, turning their home equity into cash. This also gives retirees a way to support

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January 8, 2024

Reverse Mortgage Qualifications: Eligibility Criteria Explained

Reverse mortgages have emerged as a valuable financial tool for homeowners in their golden years, offering a unique way to tap into the equity they’ve built up in their homes. Unlike traditional mortgages, where borrowers make monthly payments, reverse mortgages provide homeowners with payments, effectively turning their home equity into

May 3, 2023

What is the Major Risk for the Bank in a Reverse Mortgage?

Reverse mortgages can be a valuable financial tool for seniors who want to access the equity in their homes without having to sell or move. However, like any financial product, reverse mortgages come with risks, not just for the borrower, but also for the lender. Explore the major risk for

May 3, 2023

Who Benefits Most from a Reverse Mortgage? A Useful Guide

A reverse mortgage is a type of loan that allows seniors to convert the equity in their homes into cash. They are not required to sell their homes or make monthly payments. Instead, the loan is repaid when the borrower sells the home, moves out, or passes away. Reverse mortgages

April 21, 2023

Understanding the Most Popular Reverse Mortgage Option

As we age, it’s common to consider ways of ensuring our financial stability in the long run. Reverse mortgages have become a popular option for seniors looking to tap into the equity in their homes to supplement their retirement income. Homeowners can receive cash payments based on the equity they’ve

Older couple signing on a paper - Sprint Funding

April 14, 2023

Reverse Mortgages Explained: What You Need to Know Before Applying

If you’re a homeowner over the age of 62, you may have heard of a reverse mortgage at one point or another. What exactly is a reverse mortgage though? Put simply, it’s a way for you to tap into your home’s equity in retirement, typically enabling you to use it

April 7, 2023

Reverse Mortgages: Is it the Right Choice for You?

Are you at an age where retirement seems like it’s right around the corner? Are you looking at different financial options to help secure a long-term financial future? Reverse mortgages are an option that you may have come across. But, is a reverse mortgage right for you? Many seniors look

March 27, 2023

Pros and Cons of a Conventional Loan: Is It The Best Option For You?

Are you in the market for a loan? If so, you may be considering a conventional loan. In recent years, they have become an increasingly popular choice among borrowers. But is a conventional loan the right option for you? Learn about the pros and cons of conventional loans to help

March 27, 2023

Funding Your Retirement with Reverse Mortgages

Are you nearing retirement age, but worried about having enough money to live comfortably through your golden years? You might want to consider a reverse mortgage. A reverse mortgage can help you bridge the financial gap and provide more security by supplementing your retirement income. In this article, we’ll discuss