Posts Tagged ‘reverse mortgage calculator’
Saturday, May 8th, 2010
Senior Homeowners are real winners when doing a HECM reverse mortgage?
post by Sam Collins
One of the very first questions I am asked when meeting with my senior homeowner clients is, “Why are the closing costs to do a reverse mortgage are so expensive?” Thanks to recent changes within the reverse mortgage lending community, senior homeowners can now enjoy a much lower than ever expected costs to do a reverse mortgage.
Specifically most of the recent changes have affected the fixed rate HECM product. Most lenders have eliminated the service fee aside and some have eliminated or reduced origination fees. The bottom line is this; some of the highest cost associated with doing a HECM fixed mortgage have been significantly reduced.
The winner with all these changes are senior homeowners. Why? Because these reduced cost measures mean more money in the pockets for senior homeowners, making a good deal ever better.
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For a free informational package on reverse mortgage programs,
call Sam Collins, Delaware Financial, 877-266-9500 toll-free.
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For more information or to ask a question, you can email
Sam by using the contact form at the top of this page.
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If you want to see how much you qualify to receive,
for your reverse mortgage, you are welcome to use our
Free reverse mortgage calculator:
http://www.seniorsrighttoknow.org/calculator.html
Tags: Closing Costs, Delaware, Fixed Rate, Free Calculator, Hecm Reverse Mortgage, Origination Fees, reverse mortgage calculator, Reverse Mortgages, senior homeowners, Seniors
Posted in reverse mortgage information | No Comments »
Friday, January 8th, 2010
The Senior Special: We went to breakfast at a restaurant where the “seniors’ special” was two eggs, bacon, hash browns and toast for $2.99.
“Sounds good,” my wife said. “But I don’t want the eggs.”
“Then, I’ll have to charge you three dollars and forty-nine cents because you’re ordering a la carte,” the waitress warned her.
“You mean I’d have to pay for not taking the eggs?” my wife asked incredulously.
“YES!!” stated the waitress.
“I’ll take the special then,” my wife said.
“How do you want your eggs?” the waitress asked.
“Raw and in the shell,” my wife replied. She took the two eggs home and baked a cake.
Hopefully, this little bit of humor made you chuckle. On a more serious note, if you are considering a reverse mortgage, please call us at 800-283-1323 to see if we can help put a smile on your face for a long time.
Tags: Bacon, Family Member, Hash Browns, Hecm, Humor, Information On Reverse Mortgages, Little Bit, Long Time, Rever, Reverse M, reverse mortgage, reverse mortgage calculator, Seniors, Shell, Smile Face, Smile On Your Face, Three Dollars, Toast, Two Eggs, Waitress
Posted in Uncategorized | No Comments »
Saturday, December 26th, 2009
It’s not to late. Act before December 31, 2009!
The open season for selecting or changing medicare supplemental plans began Nov. 15 and ends Dec. 31. The number of Medicare drug plans varies from state to state, from a low of 39 in Alaska to 53 in Pennsylvania and West Virginia. In the District, there are 45 drug plans, with monthly premiums ranging from $11.60 to $99.90. Maryland seniors can choose from 45 plans with premiums from $11.60 to $120.20. In Virginia, there are 44 plans with premiums from $16.30 to $97.90.
Medicare’s easy-to-use “plan finder” allows seniors to plug in their medications and see which plan would have the lowest overall annual costs. But many seniors are uncomfortable going online or unable to use computers to sort through the different policies. Last year, only 688,000 seniors, or 2.5 percent, went online to enroll in Medicare drug or health plans. The rest did it the old-fashioned way: by telephone or letter.
Only an average of 7 percent of the 17 million seniors on Medicare drug plans switch plans each year, according to the Centers for Medicare and Medicaid Services, the federal agency that runs Medicare. Experts on Medicare say this suggests that millions of beneficiaries could be paying more than they should for their drug coverage.
It’s not too late, check out your coverage and compare it to other plans.
******************************************
For more information or to ask a question, you
can email by using the form at the top of this
page or contact me at the email below.
**********************************************
If you want to see how much you qualify to receive,
for your reverse mortgage, you are welcome to use our
Free reverse mortgage calculator: http://www.seniorsrighttoknow.org/calculator.html
Sam Collins, President, Senior Advisor
Delaware Financial Capital Corp.
Licensed Mortgage Banker, DE, MD
Licensed by the PA Dept. of Banking
info@delawarefinancial.com
Tags: Centers For Medicare And Medicaid, Centers For Medicare And Medicaid Services, December 31, Drug Coverage, Email, Medicaid, Medicare, Medicare Drug Plans, Medicare Experts, Medicare Medicaid, Mortgage Banker, reverse mortgage calculator, Sam Collins
Posted in Uncategorized | No Comments »
Tuesday, December 15th, 2009
Is a Reverse Mortgage Right for You?
post by Sam Collins
Daily I am asked the question, “Should I do a reverse mortgage, and if so, is it the right thing for me ?”
My answer is not always what my clients want to hear, because quite frankly there is no one answer. Why? Because everyone is different. Yes, we all have different wants and needs. We could put 10 clients in a room and I guarantee you we would have 10 different perceptions of what they want and need. This is good, because if we were all the same then life would be very boring for us all.
If you follow these steps, you will be able to answer, if a reverse mortgage is right for you?:
1. Be sure to read the facts about reverse mortgages, (this web site will tell you a lot)
2. Learn the truth, don’t accept hearsay.
3. Request information from a trusted reverse mortgage professional. If you are not comfortable them, get someone else.
4. Do a budget to see where your money is going?
5. List all your assets to make sure you are currently using them properly.
6. Consult with an advocate or family member.
7. Ask yourself if you are going to be staying in your home for an extended period.
8. Is there a chance your finances might change soon?
9. Would it be better to sell or move to a smaller home?
10. Make sure the program you choose works for you.
These are just a few choices for consideration. You may think of others. If you have any further questions please let me know.
*********************************************
For more information or to ask a question, you
can email by using the form at the top of this
page or contact me at the email below.
**********************************************
If you want to see how much you qualify to receive,
you are welcome to use our Free reverse mortgage
calculator: http://www.seniorsrighttoknow.org/calculator.html
Sam Collins, President, Senior Advisor
Delaware Financial Capital Corp.
Licensed Mortgage Banker, DE, MD
Licensed by the PA Dept. of Banking
info@delawarefinancial.com
Tags: Advocate, Assets, Budget, Choices, Delaware, Family Member, Free Calculator, Mortgage Banker, myths, reverse mortgage calculator, Reverse Mortgages
Posted in Uncategorized | No Comments »
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