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Tag Archives: Single Family
How would you finance a vacant land purchase with this scenario?
Michael G asked: I have a current mortgage of $135,000 on my primary residence. This single family home is valued at $300,000. I want to buy a piece of vacant land for $145,000. I have $40,000 to put down on … Continue reading
Senior Reverse Mortgage – A Way to Use Your Home Equity
Juhani Tontti asked: The target group of the senior reverse mortgage are seniors, who are cash poor but equity rich. They have paid the most part of their mortgages during many years but then for some reason, their financial situation … Continue reading