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Author: Reverse Mortgage Cali
Understanding and Improving Your Credit Score with O1ne Mortgage Having a bad credit score can make it difficult to borrow money and cost you more in interest. However, you can fix a bad credit score by paying bills on time, keeping credit card balances low, and using credit-strengthening products like secured credit cards. At O1ne […]
Understanding and Preventing Medical Identity Theft Medical identity theft is a serious issue that can have far-reaching consequences. It occurs when someone uses your personal information to obtain medical care, purchase medical devices, order prescription drugs, or even have their provider bill your insurance company for a medical procedure. Correcting the aftermath of medical identity […]
How to Refinance a Car Loan With Bad Credit Refinancing a car loan can be a smart financial move, but it becomes more challenging when you have bad credit. While there’s no universal minimum credit score required to refinance your car loan, getting approved with bad credit is possible. However, just because you can refinance […]
Switching Mortgage Lenders: What You Need to Know When navigating the homebuying process, you might find yourself considering a switch in mortgage lenders. While it is entirely within your rights to change lenders up until the closing, it’s crucial to weigh the pros and cons before making such a decision. In this blog, we will […]
Understanding Principal-Only Payments: A Comprehensive Guide When it comes to managing loans, understanding the intricacies of principal-only payments can be a game-changer. At O1ne Mortgage, we believe in empowering our clients with the knowledge they need to make informed financial decisions. If you have any questions or need assistance with your mortgage, don’t hesitate to […]
How to Improve Your Credit Score Using Your Cellphone Bill Your cellphone bill might help you build credit and improve some of your credit scores, but only if your payments get reported to at least one of the credit bureaus: Experian, TransUnion, or Equifax. Even when your account isn’t being reported, you don’t want to […]
Is a Reverse Mortgage Beneficial? A reverse mortgage sounds similar to a line of credit or home equity loan. Indeed like these loans, reverse mortgages provide a line of credit or a lump sum which you can access if need be depending on the amount you’ve paid off for your home and its market value. […]
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Reverse Mortgage Rules
Reverse Mortgage Rules If you own a townhouse, condo, a manufactured home or a house built after or on July 15th, 1976, and then you might qualify to get a reverse mortgage. The Federal Housing Administration (FHA) prohibits cooperative housing owners from obtaining reverse mortgages from obtaining reverse mortgages because they own shares of the […]
Reverse mortgage is potentially lucrative and vulnerable borrowers who might be desperate for finances or have cognitive impairments are prone to scam. Unscrupulous vendors target seniors offering help in securing reverse mortgage for pay. The vendor runs off with the money without delivering the promise. Financial advisors, caregivers, and relatives in some cases take advantage […]