Ray Anton Reverse Mortgage Professional NMLS ID 375472

07/29/2024

💡 FAQ: “Can I still qualify for a reverse mortgage if I have poor credit?”

Good news: yes, you may still qualify! Unlike traditional mortgages, reverse mortgages primarily consider the equity in your home, not your credit score. Even with poor credit, as long as you have significant home equity and meet the other qualifications, you could still be eligible. As part of the required reverse mortgage application process, your credit history is reviewed, but only to ensure you can keep up with your loan obligations like property taxes, insurance, and maintenance – not to disqualify you based on credit history alone.

Learn more in our blog! https://bit.ly/4c6M7rZ

07/18/2024

🏡 FAQ: “Does the bank own your home with a reverse mortgage?”

No, that is a common myth! When you take out a reverse mortgage, you retain sole ownership of your home. The lender simply places a lien on the title to ensure repayment, as with any mortgage. And you keep the title in your name so long as you meet the loan terms, like maintaining the property and paying your property taxes and insurance. The lender’s lien guarantees they’ll be repaid when the loan is due, but you can rest assured that lenders are not in the business of owning homes.

Learn more about how reverse mortgages work and your ownership rights in our blog! https://bit.ly/46d0Ik0

07/16/2024

📣 Important Update for Florida Residents! 📣

Exciting news! Governor Ron DeSantis has signed House Bill (HB) 7073 into law, which brings significant changes to the "documentary stamp tax" on reverse mortgages.

💡 What This Means for You:
Effective July 1, this change could save you a considerable amount in closing costs on a reverse mortgage. No more paying documentary stamp taxes on money you don't have access to!

To learn more about how this new law might affect your reverse mortgage plans, feel free to reach out. I am here to help! 🤝

07/08/2024

🥪 Being in the Sandwich Generation means juggling care for both your kids and parents. It's a demanding role that needs emotional strength and support.

Read our blog for tips and insights on how to find a balance and ease the burden!

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05/28/2024

Are reverse mortgages safe? ✅ Get an insider perspective in this segment of our “Ask the Pros” blog series!

Shea Erlandson, Senior Reverse Mortgage Consultant for Longbridge Financial, explains the consumer protections that make today's reverse mortgages a secure option for homeowners looking for greater financial peace of mind.

Get an inside look at reverse mortgage borrower protections, including specific protections for heirs and non-borrowing spouses.

04/30/2024

When it comes to a traditional “forward” mortgage, there’s always a term attached: it has to be paid off within a specific time frame, such as 10, 15 or 30 years. But unlike traditional mortgages, there’s no set term for reverse mortgages. So, how long does a reverse mortgage last?

How long does a reverse mortgage last? Well, the short answer is: it depends. Unlike traditional mortgages, there’s no set term length for reverse mortgages.

04/16/2024

🎉 Turning 65 soon? It's more than just a number – it's a milestone worth celebrating! Sixty-five marks the beginning of a new chapter filled with endless opportunities and experiences. Read our blog for 7 ways to mark this special occasion in your life!

This part of life is a time to look forward and plan for the incredible chapter ahead – enjoying the fruits of your labor!

04/11/2024

Just last year, the US housing market peaked. And now, more and more home buyers are backing out of purchase contracts. So, what’s to blame for seemingly sluggish sales in today’s housing market? Find out in our latest .

More and more home buyers are backing out of purchase contracts. So, what’s to blame for seemingly sluggish sales in today’s housing market?

04/03/2024

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03/25/2024

Worried about retirement negatively affecting your credit score? Prioritize your financial wellness by learning how to maintain your score, and even boost it, throughout retirement. Our blog is a great place to start!

To put yourself in the best position to get the most out of your golden years, it’s important to prioritize your personal financial wellness.

03/11/2024

Nobody likes to spend more money than they have to—especially when it comes to retirement. Fortunately, you don’t have to…

Check out the article below for discounts and smart savings opportunities to cut back on expenses in retirement.

Check out these money-saving tips to help cut down on monthly expenses and start transforming your financial future—one dollar at a time.

03/04/2024

Tax season is upon us! If you have a reverse mortgage or are considering one for your retirement, it's important to stay informed about the tax implications of the loan. Our blog is a great place to start.

The countdown to Tax Day has begun! To help you navigate tax season, we’ve gathered tax-related information specific to reverse mortgages.