"Friends are those rare people who ask how you are and then wait for the answer." ~Author unknown
Today's Community Review:
November 14, 2020
Santa Clarita, California
Outside of Los Angeles in Southern California, Friendly Valley is a settled, gated 55+ community with condos, town homes, single family homes, two golf courses, RV parking, nicely manicured grounds, a plethora of activities and more.
Previous Daily Reviews (More Below):
Along the southeastern Florida coast, Boynton Beach is the setting for Aberdeen Golf and Country Club, an all ages country club with a handful of 55+ neighborhoods. Amenities include a championship golf course, a 40,000 square foot clubhouse, an aquatics center and more. Homes sit along canals and come in a wide range of styles and prices.
Best Mortgage Lenders
Homeowners approaching retirement often have enough equity to sell their current home and buy a less expensive one outright. Some people, though, want to keep the cash from their home sale and finance a new home, while others might need a small or short-term mortgage to cover the gap between their available cash and a home's purchase price. If you do need a mortgage, it is important to choose the right one. Here are three of the best lenders.
Better Mortgage - According to Nerd Wallet, this mortgage company charges no commission fees and has no application, underwriting or origination fees. They also close most loans within 21 days, two times faster than the national average.
Quicken Loans - This mortgage company has a five star rating in the 2019 J.D. Power U.S. Primary Mortgage Origination Satisfaction Study and an A+ rating with the BBB. Quicken Loans has processed more than two million mortgages.
Vylla Loan - This mortgage lender has multiple loan programs for people with less than steller credit and considers alternative credit data, such as bank statements and rent payments.
South of Phoenix in southern Arizona, Maricopa is the site of Province, a gated 55+ resort-like community with single family homes, a bounty of amenities, 50 acres of water, acres of nicely landscaped grounds and more.
Near the North Carolina coast, Leland is the site of Compass Pointe, a beautiful age-targeted, resort-style community with single family homes, an amenity center, 45 holes of golf, two swimming pools, a lazy river and more.
Wimauma is about 20 miles inland from Florida's Gulf Coast and is the setting for Little Manatee Springs, a pretty 55+ manufactured home community nearly surrounded by Little Manatee River State Park. It has gated access, palm trees, spring-fed lakes, a nine hole golf course, covered RV parking, nature trails and more.
Conway is near Myrtle Beach on the northern South Carolina coast and is the setting for Wild Wing Plantation, a secluded all ages community that markets to baby boomers. Single family homes are for sale, and amenities include golf courses, an owners' club and more.
About an hour outside of Atlanta in northern Georgia, Hoschton is the setting for Village at Deaton Creek, a inviting, gated 55+ community with town homes, single family homes, a huge clubhouse, planned events, trips, an activities director and more.
On the southwestern Florida coast, Cape Haze is home to Palm Island, an all ages condominium and single family home resort with "Old Florida" architecture, water views, beach access, a marina, a nature center, swimming pools and much more.
How to Qualify for a Reverse Mortgage
All borrowers must be at least 62 years old. The older you are, the more funds you can receive from a reverse mortgage.
You must live in your home as your primary residence for the length of the reverse mortgage. You must own your home outright or have at least 50% equity.
You must meet with a HUD-approved reverse mortgage counselor prior to applying for a reverse mortgage to learn exactly how a reverse mortgage works and how much it costs (fees, etc.). The counseling session is to ensure that the borrow completely understands how a reverse mortgage works.
Single family homes, manufactured homes built after 1976, condominiums that are FHA-approved and town homes are all eligible for a reverse mortgage.
You must show the financial ability to meet your loan obligations, including paying property taxes, insurance and HOA fees if applicable. You must also maintain the home.
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