Items Tagged with 'Fidelity Homestead Associates'

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  • Spotlight: Operation Renovation

    In order to obtain a reverse mortgage, a borrower must address any needed repairs to meet FHA standards. Here are some pointers from expert contractors fluent in this specific kind of compliant renovation. MARIA SCHULZE BAYSTATE INDEPENDENCE HOUSING GROUP When an individual applies for a reverse mortgage, the application must be approved by the FHA, which requires the home to meet specific health, safety and soundness standards. This can be problematic, as most homeowners applying for reverse mortgages do so because they are short on funds and often lack the money to address essential home repairs. Furthermore, many homes may
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