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Allen Moshiri's Answers


looking for a reverse mortgage
Hello Jason;Thank you for your inquiry- What would you like to know about a reverse mortgage? I would be more than happy to connect with you in person or at the least on the phone to discuss your current situation and entertain how the mortgage can help you out. Please note that this type of mortgage is...
If the seller is paying our closing costs, what fees does this include? Taxes. points, insurance?
Greetings- First things first, there is a limit to what percentage of the sale price a seller can credit in the form of 'Seller Credit'- Typically on a FHA loan the limit is 3% - So be mindful of that. What are closing costs? They comprise of Escrow costs, Title Insurance both covering the lender and you...
Should I break my 7/1 ARM
Greetings,Based on what you have stated, you have about 3-4 years into this loan. You did not mention the rest of your ARM loan terms. Do you know what happens when your reach the seven year maturity and the end of the (7) year fixed term? Your loan will definitely start adjusting based on a predefined rate...

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