Coral Gables (Miami, FL)

By Josh Garcia
(EWM Realtors, Inc.)
Comments 0
Historically, Coral Gables has been one of the premier places to live in Miami due to its ideal location, thriving downtown area, and pedestrian-friendly tree lined streets, and according to recent closings the Coral Gables market continues to thrive. A considerable amount of 3 bedroom propertie...

By Phil Stevenson, CRMP, "Mortgage Nerd" in Miami, Florida and Texas
(PS Mortgage Lending 305-791-4874 or 888-845-6630)
Comments 0
I am a Reverse Mortgage Lender, providing Reverse Mortgages in Miami and South Florida.  Below is my Biography, which will help you understand more about who I am and what I can offer as a Reverse Mortgage Expert. Phil Stevenson combines his knowledge, education, and experience with his ingenuity...

By Phil Stevenson, CRMP, "Mortgage Nerd" in Miami, Florida and Texas
(PS Mortgage Lending 305-791-4874 or 888-845-6630)
Comments 6
Someone asked me to explain what happens to a homeowner who takes out a Reverse Mortgage at 62 when they are 90.  Someone who starts the Reverse Mortgage at the youngest age of 62 after 20 to 30 years will possibly owe more than the value.  The current interest rate of 4.99% plus MIP of 1.25% equ...

By Phil Stevenson, CRMP, "Mortgage Nerd" in Miami, Florida and Texas
(PS Mortgage Lending 305-791-4874 or 888-845-6630)
Comments 0
Is the Reverse Mortgage the right solution for me?  There are a growing number of people in their 50s and 60s who desperately want or need to continue working in order to pay for retirement, and they are starting to worry that they may be discarded from the work force, forever.  This is according...

By Phil Stevenson, CRMP, "Mortgage Nerd" in Miami, Florida and Texas
(PS Mortgage Lending 305-791-4874 or 888-845-6630)
Comments 0
The Reverse Mortgage program has changed now in October 2010, and what a seesaw ride the last few months have been in the Reverse Mortgage Industry.  Much of the news has been doom and gloom.  First, we waited for congress to sign the $250 Million appropriation that FHA was asking for, but it nev...

By Phil Stevenson, CRMP, "Mortgage Nerd" in Miami, Florida and Texas
(PS Mortgage Lending 305-791-4874 or 888-845-6630)
Comments 0
Bank of America has decided to stop offering wholesale business, which means Mortgage Brokers can no longer offer BOA Loans.  Hmmm, is this another step in the direction of the Government and Large Banks squeezing out the Brokers? If that wasn't enough for you, now the large lenders are cutting t...

By Phil Stevenson, CRMP, "Mortgage Nerd" in Miami, Florida and Texas
(PS Mortgage Lending 305-791-4874 or 888-845-6630)
Comments 5
"Moral Hazard occurs when a party insulated from risk behaves differently than it would behave if it were fully exposed to the risk."*  It can be said that the reason Mortgage "Brokers" are being pushed out of the market by regulation is because of Moral Hazard and the fact that they are unregula...
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