Andy Draper Reverse Mortgage Enthusiast

Andy Draper Reverse Mortgage Enthusiast I'm a reverse mortgage enthusiast that enjoys helping others obtain the facts about reverse mortgages

I'm thrilled to have the opportunity to share my passion for reverse mortgages with you. With over seven years of experience in the industry, I have dedicated myself to helping individuals like you navigate the complexities of reverse mortgages. As a reverse mortgage enthusiast, I firmly believe in empowering people to make informed decisions. My goal is to provide you with accurate and unbiased i

nformation, enabling you to understand the facts and implications of a reverse mortgage. I want you to have the knowledge necessary to make educated choices that align with your unique financial situation and goals. I take great pleasure in breaking down complex concepts into easily understandable terms. My approach is to guide you through the intricacies of reverse mortgages, ensuring that you have a comprehensive understanding of how they work, the potential benefits they offer, and any potential risks involved. I am passionate about helping others, and nothing brings me more joy than seeing individuals achieve financial security and peace of mind through the smart use of reverse mortgages. By sharing my knowledge and insights, I hope to empower you to make well-informed decisions that will positively impact your life and future. Whether you are a retiree seeking financial flexibility, a homeowner looking for access to your home's equity, or simply curious about reverse mortgages, you've come to the right place. Together, we can ensure that you have the knowledge and confidence to make the best possible choices for your financial well-being. I look forward to assisting you on your reverse mortgage journey!

11/26/2024

$1,199,700 new HECM limit early prediction.UPDATE $1,209,750 FHFA published and FHA should follow suit soon.

10/14/2024

Reverse mortgages are non-recourse loans, meaning the lender cannot seek repayment beyond the value of the home. The homeowner's other assets are protected.

10/11/2024

The amount of money a homeowner can receive from a reverse mortgage depends on factors like their age, the value of their home, and current interest rates.

10/11/2024

Homeowners can receive the proceeds from a reverse mortgage in various ways, including as a lump sum, monthly payments, a line of credit, or a combination of these options.

04/01/2024

Reverse Mortgage Weekly Update - Watch Video

In this video, I explain the valuable opportunity that the reverse mortgage offers for purchasing a new home in retireme...
03/13/2024

In this video, I explain the valuable opportunity that the reverse mortgage offers for purchasing a new home in retirement. This information is beneficial for both borrowers and realtors. I discuss how the Home Equity Conversion Mortgage (HECM) can be utilized to downsize and eliminate monthly payments, while bringing in less cash from the sale of the current home.

In this video, I explain the valuable opportunity that the reverse mortgage offers for purchasing a new home in retirement. This information is beneficial for both borrowers and realtors. I discuss how the Home Equity Conversion Mortgage (HECM) can be utilized to downsize and eliminate monthly payme...

02/06/2024

Update on 10-Year CMT Index

01/29/2024

1/30/2024 10 year CMT index.

01/23/2024

I'll be giving you an update on the CMT interest rate index. Last week's index was at 4.00, but this week it has increased to 4.12. I'll be discussing the possible reasons behind this change, including the Federal Reserve's interest rate decisions and market conditions. While this increase may result in lower principal limits, we hope that it's just a temporary fluctuation. Watch the video to stay informed and understand the current state of the reverse mortgage world.

12/29/2023

10 year CMT update. This index is utilized to determine the principal limit or % of appraised value a borrower has access to with the HECM Reverse Mortgage.

12/06/2023

I took a little break after my father passed. Now I'm back ready to spread more truth.

11/28/2023

HUD just posted mortgage letter 2023-22. This increases the HECM limit in 2024 to $1,149,825.

Many people wonder what to do when a family member passes with a HECM (reverse mortgage) on their home. Here is the FHA...
09/28/2023

Many people wonder what to do when a family member passes with a HECM (reverse mortgage) on their home. Here is the FHA publication.

When does a loss feel like a win?.............When a client you couldn't get closed sends a token of gratitude on the ef...
09/14/2023

When does a loss feel like a win?.............

When a client you couldn't get closed sends a token of gratitude on the effort on and transparency of the loan process. And they become a trusted referral resource.

Address

11900 W 87th Street #115
Lenexa, KS
66215

Telephone

+14029651239

Website

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