The popularity of the reverse mortgage in a given area depends upon the presence of a sizable senior population and a concentration of relatively valuable real estate. San Diego has both, and is an example of broader demographic shifts as revealed in the 2010 census.

The census showed that citizens age 65 and over constitute 13.4% of the U.S. population, a record high. This growth of the senior portion of the population is being called the largest demographic shift in history. Over the past decade, the senior population grew 15.1% nationwide, but grew 23.5% in the West, meaning that region is leading the demographic shift. California already is the state with the largest number of senior residents, with 4.2 million, followed by Florida with 3.3 million, New York and Texas each with 2.6 million, and Pennsylvania with 2 million.

Within California, San Diego further exemplifies these demographics. The median age is increasing in San Diego and is expected to continue to rise as the baby boomers age. The senior population is not just growing, it is growing at a faster pace than the total population in the county. The census predicted that from 2000 to 2030 the 60+ population of San Diego county will grow by 130%, and the 65+ population will grow at the same rate, while the county population as a whole will only have a 38% increase.

Given that the reverse mortgage is only available to those age 62 and over, it should not be surprising that given the statistics above, that loan product has seen remarkable growth in popularity. Originally signed into law by President Ronald Reagan in February 1988, it allows borrowers to access equity in their homes without having to make monthly payments. Instead of monthly payments, the principal balance increases over time. This is the “reverse” of how a forward mortgage works, where monthly payments are made and the principal balance decreases over time.

This program had a pretty slow start, as it took the lending industry a while to understand it and for the public in general to become aware of it. There were 6637 loans created in 2000, with a dollar volume of $827M. This grew to 114,641 loans in 2009, with a dollar volume of $30.2 billion. Understandable by demographics, California and Florida have been vying with each other for the most reverse mortgages originated each year, with California having a wide lead in the overall number of reverse mortgages originated.

But an aging population is not the only factor in determining if a Home Equity Conversion Mortgage (the program’s more technical name), or HECM, will take hold in a given region. Home value is critical. Especially because the borrower can only get a portion of the value, depending on the age of the youngest borrower, the program becomes more attractive as the value of the home increases and the size of the loan proceeds thus grows.

However, the home values can’t be too high either. The highest value FHA will recognize for purposes of the loan is $625,500. San Diego’s median home value is about $300,000, something of a Goldilocks median value (just right), and certainly more generally attractive for loan purposes than the median value of homes across US, which is about $125,000. This makes San Diego a prime candidate for reverse mortgages, being part of the West’s aging demographic and having the kind of property values where this kind of loan can make a big impact on a borrower’s finances. But this is not to say that San Diego is unique. This article could easily have taken Los Angeles or San Francisco or other cities as similar examples of demographic and programmatic convergence.

To find more information about reverse mortgages, information that is thorough and objective, go to http://www.reversemortgageeducator.org. This is also the place to go for finding a local professional who can help you with a San Diego reverse mortgage.

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Seniors seem to be gaining clarity of the purpose for a reverse mortgage with over 72,000 FHA Home Equity Conversion Mortgage loan units completed in 2010 and close to that for 2011 expected, which is low compared to 2006-2009 when the industry peaked. Industry wide changes are on the horizon for senior homeowners who want to take out a reverse loan in the coming year though here are a few of the changes that can be expected in the coming year. Here are a few changes to expect:

Home Values & Equity – Home prices could continue to drop due to highest foreclosure high ever hitting in October of 2011 therefore likely to further reduce senior’s home equity, according to National Reverse Mortgage lenders Association (NRMLA) American seniors home equity dropped by 63 billion between the 1st and 2nd Quarters of this year. Equity is the base for determining if a senior homeowner qualifies and partially determines how much cash they will receive.

Income Qualification – While the home equity conversion mortgage has been primarily equity based loan with little documentation of income; changes are on the horizon due to the default rates on reverse mortgages. According to the NRMLA’s endorsed guidelines seniors will need to document sufficient income with tax returns to document capacity to cover the annual homeowners insurance and property taxes. While the qualifying is still much more liberal than a forward mortgage where you must have income to cover the new mortgage debt, some seniors just may not qualify as before.

Credit history – Borrowers with some credit dings won’t necessarily be eliminated, but underwriters will review mortgage payment history and those homeowners with bankruptcies, recent foreclosure’s and tax liens may not qualify. Tax liens will need to be paid off through the reverse loan proceeds making the loan not work or as beneficial for some.

Rates – Rates are historically low, it is unlikely that they will remain this low indefinitely and at some point begin to increase again. Higher rates erode equity quicker making a reverse loan less attractive to provide sufficient funding to last through a seniors remaining years of life. Now is the time to act on these low rates.

Why the Change

Prevention of defaults and establishing the reverse mortgage as a stable and effective option for senior homeowners primarily is the reason for the change. Approximately 5% of all reverse’s are speculated to be in default on taxes and insurance which is a requirement for borrowers of reverse mortgages. Set aside are not required for HECM reverse loans and while the option is available most borrowers choose to pay them on their own to receive the most funds back at closing. On a positive note In late November 2011 Congress and President Obama signed a bill appropriating approximately $45 million toward Housing counseling which will provide consumer safeguards for seniors looking into the suitability of a reverse loan, this counseling which is required for all borrowers prior to closing on the reverse loan. A portion will also be applied to those who are defaulting as a measure of prevention to stop the foreclosure process.

The Federal Housing Administration (FHA) has not established any regulation changes but they have confirmed lenders may establish additional financial assessment or qualification’s to help avoid further defaults and make the reverse programs succeed.

Several big reverse lenders like MetLife have already began a new implementation of this financial assessment, the guidelines were endorsed by the National Reverse Mortgage Lenders Association but each lender can establish their own criteria for underwriting these loans.. Anticipating these changes will eventually spread across the top reverse mortgage lenders. With these changes underway now may be the best opportunity to take advantage of a reverse mortgage.

Go Local Reverse Mortgage connects senior homeowners with National HECM approved reverse mortgage lenders and specialist to qualify, determine eligibility, educate and simplify the reverse mortgage process by walking them through step by step. Complete our calculator for a instant estimate and have only one licensed reverse mortgage expert to review your situation there is no obligation or cost. Visit our website here Reverse Mortgage Calculator

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The reverse mortgage is a kind of home loan that is rather unique. It allows the borrower to convert part of his home equity to cash. This means that you can actually be paid the equity you have accumulated on your home mortgage. This article looks at how a reverse mortgage may or may not affect eligibility for Medicare and Medicaid benefits.

Taking out a reverse loan will not result in immediate disqualification for Medicare and Medicaid In fact regardless of the mortgage loan amount or timing of the loan. Medicare would not be affected because it is a Medical Insurance privilege program for seniors over 65. Your eligibility for Medicare begins at 65 as long as you or your spouse worked 10 years or more at a Medicare sponsored employer and have citizenship.

Medicaid is slightly different as it is a program sponsored by the government. Its aim is to offer health care to individuals with limited incomes. Eligibility is determined by review of the applicant’s, income and assets using a means test. Income guidelines can vary from state to state. According to Department of US Health and Human Services Medicaid eligibility requires applicants to have no more than $2,000 ($3,000 for a couple) in countable assets one day out of the month.

The reverse loan program does not automatically disqualify the homeowner for Medicaid either, but it could be affected if excessive funds are withdrawn as a lump sum as in a HECM Standard where the mortgage equity is provided at one time which would result in exceeding the means test. This can be averted by utilizing the Reverse Tenure Program which provides a smaller monthly benefit and or the monthly benefit and line of credit option to avoid too much cash at one time in reserves. Because reverse mortgages are considered loan advances and not income, the amount you receive is not taxable making eligibility for Medicaid not the issue but rather passing the monthly asset income means test.

Reverse mortgage is a very safe program which offers great financial security to seniors. They can use the cash to provide for a number of financial needs. Such needs might include consolidation of debts, social security supplement, to make improvements in the home, pay property tax or meet urgent medical expenses. Those who are eligible for this kind of loan are those who are 62 years and above. They should also own the homes outright and must live in them as the primary residence. Alternatively, their mortgage balance should be low enough that it can be easily paid off during the closing using some proceeds from the loan. For the home to qualify, it should either be 1-4 units or a single family home. Condominiums and manufactured residences approved by HUD can also qualify as long as the FHA requirements are met.

In review the reverse mortgage does not affect non-means-tested government benefits programs such as Medicare. Medicare is an entitlement program which you are eligible for regardless of your income. Means-tested programs such as Medicaid can however be affected by reverse mortgage only if the wrong type of loan is issued These programs are sometimes a bit complex and not well understood by most individuals. There are however independent counselors who can be contacted for help and all FHA HECM loans require government sponsored counseling to be sure you have all the facts prior to consummation of the reverse mortgage. They answer all of your concerns to help you make an informed final decision.

Go Local Reverse Mortgage connects senior homeowners with National HECM approved reverse mortgage lenders and specialist to qualify, determine eligibility, educate and simplify the reverse mortgage process by walking them through step by step. Complete our short request form to have a licensed reverse mortgage expert to review your situation there is no obligation or cost.
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Reverse mortgage allows you the home owner to borrow equity. In this type of mortgages, you do not make payments to the lender, instead lenders make payments to you. Payments can be made to you by the lender in different forms. It may be a lump sum payment. It may be in the form of monthly payment under the condition that you occupy the home. It may be periodic advances through a line of credit. Again, it may be any combination of the above three. However, in order to qualify for a reverse mortgage, first of all, you must be above 62 years in age and you must have sufficient equity in the home that you own. Moreover, you must have your existing mortgage paid off in full. It is to be noted here that your credit history is not taken into consideration while offering you a reverse mortgage deal.

Anyways, many of you in the country are now opting for reverse mortgages. The reality is that many of you in the country are now facing difficulty in meeting your living expenses. With reverse mortgage in place, you will be able to tap into your home equity. A reverse mortgage can secure you an enjoyable and comfortable retirement. You can use the proceeds for any purpose which you desire. You can use the money for business purpose or you can simply invest that money. The decision to taking out a reverse mortgage should be taken very seriously. It is advisable that you must not rush into it rather you must conduct thorough research before opting for a reverse mortgage. Reverse mortgages offered by different lenders vary widely. You need to compare these reverse mortgages offered by various lenders and then take out the one which meets your requirements best. You need to take into consideration various factors such as your age, your equity in the home before taking the decision.

Before taking out a reverse mortgage, it is advised that you must educate yourself about the pros and cons of a reverse mortgage. You can also take the help of a professional reverse mortgage advisor in order to pick the best option available for you.

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The myths are like gossips, which start from somewhere and live their own lives. Usually they sound like facts and are easy to understand. Unfortunately they cause a lot of trouble. This article presents some of most popular myths about reverse mortgages and the true facts.

1. Reverse Mortgage Lender Can Take the Home Of The Senior.

This is a total lie. A borrower, or borrowers, will stays as owners of the home, but they have to take care of their responsibilities. A most important duty is to pay the property insurance and taxes. If he or she will leave these unpaid, the lender has the right to either take the sums from the payments to the senior, or to take the home and sell it to get the needed money.

2. A Borrower Will Owe More Than The Value Of The Home.

This is not true. All types of reverse mortgages include the obligatory mortgage insurances. When the loan running time is over, a home will be sold and the loan capital, accrued interests and all fees will be paid from the selling price. If it does not cover the whole amount, a mortgage insurance will pay missing part. The other assets of the borrower nor the assets of the heirs will never be used to pay the reverse loan.

3. The Lender Has The Right To Take The Home.

This is not true. Even when the borrower has used all the money from the reverse mortgage deal, the lender cannot drive him away. As long as the last borrower lives in the home, he has the right to live there. After he will move away, pass away or sell the home, the home will be sold.

4. The Reverse Mortgages Eat The Whole Home Equity.

First, it is impossible to take the reverse loan, which has the same sum than the home equity, i.e. 100 % loans are impossible. The home price increases favour the owner and especially when the running time is a long one, this has a meaning. Additionally the lender has to prepare an Amortization Schedule, where a borrower can see, how the debt amount will grow.

5. The Lender Will Accept, How The Money Will Be Used.

This is a myth. The lender is not interested, how the senior will use the money, because the home equity and the mortgage insurance will guarantee, that he will get everything a borrower owes.

6. The Borrower Has To Pay The Difference, If The Home Selling Price Will Not Cover The Whole Sum Owed.

No, the only assets, which are used to pay the reverse mortgage debts are the home selling price and in some cases the mortgage insurance.

7. The Children And The Heirs Have To Pay A Part Of The Debt.

The reverse mortgage is a not a personal loan, which means the home equity and the mortgage insurance are the only source of the money to cover the debt.

8. It Is Impossible To Qualify For The Reverse Loan, If A Borrower Has Still A Usual Mortgage Unpaid.

This is also an urban legend. The system goes so, that when the borrower agrees to take a reverse loan, he or she will first pay away the usual mortgage after which there will be only one mortgage left. The benefit is, that a senior will get more disposable cash every month.

9. The Social Security Or Other Social Benefits Will Be In Danger.

The fact is, that the payments from the reverse loan program are the usages of the loan, not income. They are tax free, which means that the social securities are not in danger. It is important to guarantee, that you spend the received amount during the same month. It is, however, wise to talk with a reverse mortgage counselor.

10. The Seniors With Some Assets Will Never Qualify.

This is not true. The qualification has been made really easy. If a senior owns a home, where he lives permanently and he is 62 or over, he will qualify. The credit score or the income statements have no meanings, because the home equity is the element, which interests the lender. Maximum three seniors can become the borrowers, but everybody must fulfill the qualifications.

Juhani Tontti, B.Sc., Has Built An Expertise About The Reverse Mortgages And Wants To Share This Reverse Mortgage Information To The Seniors.

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Perhaps you want some extra cash, but don’t want to pull out a loan, there are many things you can do. You could get a part time job for some extra money, have a garage sale, or get a reverse mortgage. Just about everyone has heard about a mortgage, but there are many people who haven’t heard about a reverse mortgage. So, what is a reverse mortgage? Who qualifies for one? Why should you get one?

A reverse mortgage is a different type of home loan that allows for you to change part of your home equity into cash. This money can go towards your current mortgage, home renovations, retirement, or healthcare expenses. With this type of mortgage, you can get some extra cash without having to sell your house, take out a loan, or have to pay any additional monthly bills. Still not sure what exactly it is? In a regular type of mortgage, you have to pay monthly bills to your lender, but in a reverse mortgage, they pay you tax-free. Yep, you read that right. They can pay you part of your home equity so you can have some extra cash, and you can still live in your home. The money will have to be paid back at some point, like when you sell your home, have a different primary residence, or die.

How can you qualify for a reverse mortgage? You must be a homeowner of at least 62 years of age, you must own the home outright, and reside in it. Also, if you have a low mortgage balance that can be paid off at closing or can be paid off with the money from a reverse loan. This can’t be done with just any type of home. The home must be a single family home or be a 1 -4 unit home in which you reside in one of the units. Also, manufactured homes that meet FHA standards and requirements and condominiums that have been approved by HUD may also be eligible for a reverse mortgage.

So, logistics wise, what can you expect? Reverse mortgages normally come with origination or start up fees. The amount of this fee will depend mostly on the lender and company that you go through. As far as how much money you can get, that will depend on how much the house is worth, you will never be given, or owe, more than what the house is worth. However, even if you don’t use the full amount that the home is worth, the amount you owe may grow over time because of interest rates on outstanding monthly balances. Since you still own the house, you are still responsible for property taxes, utilities, maintenance, insurance, and other expenses.

You will want to check with different lenders to ensure you are getting the best deal possible on your reverse mortgages. Some lenders may offer different plans and amounts depending on your age, your house, and even where your house is. Before entering into any type of legal and/or financial agreement, consult with a trusted lawyer or advisor to make sure the offer and company are legitimate. Don’t forget to understand as much as you can about your contract with that particular lender. Offers change depending on lending companies and areas, so make sure you know and understand all of the facts for your reverse mortgage.

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1. The Home Appraisal Value – One of the first things that reverse mortgage lenders will check before you can be approved for this type of loan is the home appraisal value. This value shows what your home is currently worth, and this must be determined before a loan amount can even be calculated. The more your home is worth the higher the loan amount may be, and the easier it may be for you to qualify for this type of loan.

2. The Amount of Equity in The Home – The amount of equity that you have in your home is another fact that is checked and verified before you can be approved for a reverse mortgage. Your equity is the amount that you have in the home, and this is essential to any reverse mortgage. If your home is worth $100,000 but your equity is only $25,000 then this will greatly impact the amount you may qualify for.

3. The Condition of The Home – The current condition of the home is a big concern for most reverse mortgage lenders, and something that is normally checked before any reverse mortgage is offered. The lender plans on recovering the debt owed through the sale or refinancing of the home once it is no longer the primary residence of the borrower, and the home must be in good condition for this to occur. If your home is in poor condition or has not been properly maintained and needs major repairs then you will not usually be approved for this type of loan.

4. The Age of The Lender – The age of the lender is a very relevant factor, and one that is verified before any reverse mortgage loan is offered. To qualify for this type of loan you must be at least 62 years old, and this fact must be confirmed before you will get an approval for your reverse mortgage application.

5. Your Ownership of The Home – All of the mortgage lenders will check to ensure that you really are the owner of the home you are trying to get a reverse mortgage on. This is done by checking the deed on record for the property. Whenever any property is bought and sold the transaction must be properly recorded, and part of this information is the owner of the home as well as any lien holders on the deed.

6. Your Residence in The Home – You must reside in the home that you are applying for, and this is a requirement for any reverse mortgage. Once the home is no longer your primary residence for the specified time period, usually 90 days to 1 year depending on the specific mortgage, then the loan amount may become due. Most reverse mortgages have a clause that allows you to be in a nursing home for 1 year before the home is no longer considered your primary residence.

7. Credit Reports on All Borrowers – Reverse mortgage lenders will usually require credit checks and reports on each of the borrowers, and also on any spouse even if the spouse is not a signatory to the loan. This type of loan is based more on your home equity and value than your credit score, but your credit rating could affect the interest rate that you will get on the loan.

Curtis L Horn is one of the article authors on investment related website Investment Advisor Tips

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Reverse mortgages are a popular way for seniors to pay off their home loan, reduce debt, and supplement their income during retirement. The eligibility requirements for these loans are fairly simple. Borrowers must be at least 62 years of age, own an approved property, and have a substantial amount of equity in their home. Consumers who meet these requirements are usually able to use a maximum claim amount of $625,500 in order to convert their home’s equity into usable funds. However, reverse mortgages, specifically federally-insured Home Equity Conversion Mortgage loans (HECMs), might be subject to a few important changes.

Recent and Future Changes to the Reverse Mortgage

There are two significant changes that might impact a senior’s ability to get a beneficial reverse mortgage in the future. The first change is to lenders’ ability to screen applicants. Lenders can now increase their underwriting efforts to help them determine whether borrowers are likely to pay their property taxes, homeowners insurance, and maintain their home. Borrowers who pose a large risk can be denied or given certain terms to lessen the risk of the loan.

Currently, while they may do so, lenders are not forced to tighten their eligibility requirements. In fact, in order to serve more borrowers, some lenders may choose not to impose stricter requirements. However, with the option available, many lenders will probably decide to screen applicants a little closer than before.

The Department of Housing and Urban Development (HUD) might also decrease lending limits in 2012. In 2009, the $417,000 HECM loan limit was raised to $625,500 in an effort to help struggling seniors. Right now, this increase is only valid until December 31, 2011. At that time, the higher limit might be extended or adjusted to its original amount. While the Federal Housing Administration (FHA) has said that they have no plans to decrease the loan limit, it is not possible to determine exactly how much longer the higher limit will last.

If the loan limit decreases, consumers who own very high-value homes will need to seek lenders that specialize in jumbo reverse mortgages. While it is possible to get a loan that exceeds the federally-imposed limit, the loan will not be insured by FHA. Larger reverse mortgages are also significantly more expensive, making them a poor choice for some borrowers.

What These Changes Mean to Borrowers

The reverse mortgage industry is changing; that much is clear. While the long-term effects of these changes are not yet known, the financial experts at Financial Planning, a trusted source of online financial news, urge on-the-fence consumers to act soon. With lending limits possibly decreasing in the future, borrowers who hope to take advantage of the $625,500 limit might want to begin the application process before the new year.

However, for borrowers that stand to receive $417,000 or less from a reverse mortgage, the possible limit change is nothing to worry about. Reverse mortgages will be available well into the future. While some lenders might begin implementing stricter eligibility requirements, most seniors will be able to get a loan as long as they meet the basic requirements. Still, for seniors who have been considering a reverse mortgage, now might not be a bad time to get more information.

Brittney is a financial services expert who prides herself on providing the most accurate reverse mortgage information. In her free time, she enjoys knitting, football, and spending time with friends and family. For more information, see http://www.reversemortgageinformation.com today!

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It is generally known, that the HUD reverse mortgages claim in their terms, that the borrower has never to use his or her other assets to pay back the reverse loan. That the home selling price and the reverse mortgage insurance will cover the whole loan amount, always.

However, there are three widows of the borrowers, who were forced to do this. With the heavily decreased home prices this is a tough job. So to prevent the foreclosure these three widows decided to sue HUD, The Department Of Housing And Urban Development. What happened?

These widows claim that HUD changed in 2008 the old rule, which said that the borrower should never pay more than the value of the home and if this does not cover the whole amount, the missing part will be paid from the obligatory mortgage insurance. Sounds clear.

But according to the new HUD practice, they claim that the spouse has to pay the whole outstanding loan balance, if he or she wants to keep the property. This is tough, if the home price is lower than the total amount of the loan capital, accrued interests and all the accrued costs.

1. The Names In The Title And Loan Agreement Matter.

The system is very clear. The borrowers are those seniors, who have signed the agreements of the HUD reverse mortgages. When the last borrower will pass away, will move permanently to another location or will sell the property, the home will be sold and the selling price will be used to pay back all the money, which is owed to the lender. The remaining part belongs to the borrower or to the heirs. If the heirs want to keep the property, they have to pay away the owed amounts to the lender.

2. The Widows Wanted To Keep The Home.

The widows in question wanted to keep the homes, which was impossible because the home prices were decreased below the amount owed and they were unable to get the funding to finance the deals. The American Association of Retired Persons Foundation claims that the HUD rule change was made in secret and they also said, that the HECM program follows the consumer protection practice, where the term homeowner includes the spouse.

3. If A New Buyer Will Buy The Property, It Will Be Sold At The Market Price.

Think about this. If a widow spouse wants to buy the property, he has to pay all the owed amounts to the lender, which will exceed the home present value. But if the outsider will buy the property when it will be sold, he or she will get it at a lower price. This cannot be fair according to The American Association of Retired Persons.

4. In July 2011 The Court Made A Decision.

Actually HUD won this case, which is natural, but not so human. However, if we remember the basic reverse mortgage agreement, the decision followed the principles. The problem was, how to keep the old homes with a current market price. The answer is simple. The spouses could have bought the homes, when the lenders were selling them. They could have done this by using the reverse mortgages, because there were a lot of equity left. Maybe The American Association of Retired Persons just tested the system and tried to change it to become more consumer friendly.

Juhani Tontti, B.Sc., Has Written A Lot About The Features Of The HUD Reverse Mortgages And Other Topics Concerning The Reverse Mortgages To Help Seniors To Get The Full Picture.

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As such, if the debtor fails to pay the monthly, quarterly or semi-annual amount of amortization, the creditor will have to go after the property itself, particularly the house or home that has been made as the collateral of the said mortgage. The total amount of interest is considered by law as enough compensation for the creditor, allowing the debtor to keep a part of the said property. In order to avail of this kind of loan or mortgage, it is thus necessary to follow certain guidelines. If you are 62 years old or older and you are looking for financial support then this is the perfect loan for you to avail of as soon as possible!

One of the strictest requirements of this reverse mortgage is the age. The age must be at least 62 years old. The age requirement has no exceptions and the debtor or the senior citizen who is planning to avail of this mortgage must be 62 years old at the time of the contract signing. If not, then the mortgage contract is considered as null and void from the beginning. As the debtor grows older, the law becomes more lenient, allowing the debtor to avail of this type of mortgage as many times as possible as long as the law in itself allows the possibilities.

Another requirement of this reverse type of mortgage is third party credit counseling. This counseling is also mandatory in order for the debtor to know what kind of mortgage or loan he or she is getting into. A third party financial firm or financial expert can conduct counseling for numerous sessions until the debtor finally comprehends the extent and scope of this mortgage. This will thus safeguard the debtor and his or her family in the near future, especially against instances of creditors unlawfully enforcing the lien upon the property against debtors.

Lastly, this reverse mortgage requires that the debtor does not have any pending bankruptcy filed in court. This is set in place in order to protect creditors like banks and financial firms against scheming debtors that want to make a run for the mortgage money by using bankruptcy as a shield. The borrower or debtor must first pay off such bankruptcy plus any other outstanding or current mortgages in order to be given this reverse kind of mortgage that will make their lives easier.

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