Marketing Tricks: Reverse Mortgages
- At April 02, 2024
- By Daniel
- In Education, New Video
0
Senior Americans are sitting on trillions of dollars worth of equity. Many retired Americans discover their income and savings are not enough to make ends meet. Congress created reverse mortgages during the 1980’s to allow senior homeowners to tap into their homes equity. Assuming their home has any equity.
While commercials by companies who originate reverse mortgages claim it is an easy way to use built up equity there are limits and disadvantages. Like a conventional mortgage, the lender can foreclose on a reverse mortgage.
In this video:
• What is a reverse mortgage? 00:28
• Types of reverse mortgages. 2:26
• How you can use the money. 3:24
• Who owns the home? 3:52
• Reverse mortgage advantages. 4:25
• Reverse mortgage disadvantages. 4:50
Why A High Credit Score Matters
- At June 20, 2023
- By Daniel
- In Education, New Video
- 0
Most people associate their credit score with loan interest rates and whether or not they can take out a loan or obtain a credit card.
In many states it also affects whether or not you qualify for auto and home insurance, your insurance premiums, qualify to lease a house or apartment, and even some jobs.
Maintaining a high credit score affects more than loans and interest rates.
In this video:
• What is a credit score? 00:40
• What affects your credit score. 2:07
• Low versus high scores. 5:24
• Who uses your credit score. 6:05
• Improving your credit score. 7:05
