How can I use my home equity to obtain a Reverse Mortgage?

When using a reverse mortgage to free up the equity in your home you may use the proceeds anyway you chose. Many seniors 62 or older use the money they receive to travel, pay off high interest credit accounts, help family members or do necessary repairs. The choices are yours and you still own your Read More …

Where can I apply for an FHA Mortgage Loan in Sevier County, TN?

Bank of England Mortgage. Most often getting pre-qualified for an FHA home loan can be done over the phone. If you are here in Sevier or the surrounding counties and want to meet with one of our mortgage professionals give us a call to schedule a time. It’s easier than you think! Visit our other Read More …

Are Reverse Mortgages FHA loans?

Yes, reverse mortgages are insured by the Federal Housing Administration. However FHA doesn’t lend the funds individual banks such as ours do that. Bank of England Mortgage is approved by the FHA to originate Reverse mortgages. Call us to receive free no-obligation information at 865-429-2797. Visit our other websites in reference to Tennessee Home Loan Read More …

Are FHA Mortgage Loans Assumable?

No, FHA loans are not assumable, but are easy enough to qualify for in today’s mortgage marketplace. Visit our other websites in reference to Tennessee Home Loan Mortgages. http://www.boetennessee.com http://www.vahomeloanapplications.com http://www.usdahomeloanapplication.com Debbie Scarantino with Bank of England Mortgage Tennessee is a credit counselor. If you have further questions about how you might secure a home Read More …

Who Qualifies for an FHA Mortgage Loan?

Buyers purchasing a home as a primary residence that have a minimum 580 credit score, two years verifiable work history and an appropriate debt-to-income ratio of less than 55%. There are other qualifying factors but these are the basics.         Visit our other websites in reference to Tennessee Home Loan Mortgages. http://www.boetennessee.com Read More …

How does the FHA Mortgage Loan Work?

FHA home mortgage loans require a minimum 3.5% down payment. They are insured by the federal government therefore they have low interest rates and are easier to qualify for then some other types of home loans.       Visit our other websites in reference to Tennessee Home Loan Mortgages. http://www.boetennessee.com http://www.vahomeloanapplications.com http://www.usdahomeloanapplication.com Debbie Scarantino Read More …