comptsf, Author at Compass Mortgage

Who Owns the House After a Reverse Mortgage?

In the ever-evolving landscape of financial tools, reverse mortgages have emerged as a distinct and valuable option, especially for seniors seeking to leverage equity in their homes. One question that often looms large in the minds of those considering a reverse mortgage is, “Who owns the house after a reverse mortgage?” To help you unravel […]

Investment Property Loans for College Town Real Estate: A Smart Investment?

Investing in real estate can be lucrative, and college towns often present unique opportunities for savvy investors. The dynamic nature of these locations, with a constant influx of students and a growing demand for housing, makes college town real estate an appealing option. If you’re considering delving into this market, understanding the nuances of investment […]

The Impact of Interest Rates on Reverse Mortgages

Most of the time, homeowners understandably view higher interest rates in a negative light. However, higher interest rates are not always a bad thing, especially when it comes to a reverse mortgage line of credit. In this article, we’ll explore the potential positive and negative impacts of interest rates on reverse mortgages to help you […]

Reverse Mortgages and Divorce: What Happens to the Homeowner’s Equity?

If you and your spouse have a reverse mortgage and are getting a divorce, you may understandably wonder what happens to the equity in the home. Do you have to repay the loan? Will your name or that of your spouse have to stay on the mortgage? Does one of you have to remain in […]

Fannie Mae Announces New 5% Down Payment Option for Two- to Four-Unit Owner-Occupied Properties

Effective November 18, 2023, Fannie Mae will accept 5% down payments for owner-occupied multifamily homes. The major policy shift will unlock new options for borrowers who dream of investing in real estate. Read on to learn more about the policy change and how to access the benefits with an experienced mortgage lender. What is Fannie […]

Market Trends and DSCR Loan Opportunities for Investors

Alternative financing solutions are essential for real estate investors in today’s market. One of the most popular options is the debt service coverage ratio (DSCR) loan, which is primarily focused on the property’s income rather than your own. This factor alone allows investors who cannot easily qualify for a traditional loan the opportunity to purchase […]

How To Build Wealth With Reverse Mortgages

Homeowners aged 62 and older: Did you know you can start taking advantage of the equity from your home and never have to make a mortgage payment again? It’s true, and it can be accomplished with reverse mortgages. Reverse mortgages have become popular in today’s market as more homeowners learn about the benefits, but there […]

DSCR vs. LTV: Understanding the Difference in Real Estate Financing

If you’re just starting to dig into the world of real estate investing, you’ve probably noticed the acronyms “DSCR” and “LTV” come up a lot in your research. Debt service coverage ratio (DSCR) and loan-to-value ratio (LTV) are two key metrics in real estate financing that help to determine your mortgage terms. In this article, […]