What is a Reverse Mortgage?

Reverse Mortgage - Pinnacle Captial Mortgage

A reverse mortgage is a type of loan available to certain homeowners, usually those who are 62 years of age or older and only if they own their home outright or have significant equity in their current home. As its name suggests, it works in reverse fashion than that of a normal mortgage. Essentially, if you have home equity, you can “cash in” your equity and receive money from your lender by using your home as collateral. Continue reading…

Common First-Time Homebuyer Mistakes to Avoid

FirstTime Homebuyer - Pinnacle Capital Mortgage

Buying your first home is a big part of realizing the American dream. Even though securing financing, house hunting, negotiating with sellers and closing can be a laborious and time-consuming process, it’s most certainly worth it for people and families who are seeking a place they can call their own.

As with most things in life, mistakes are most likely to happen the first time you do something. Being cognizant of home buying best practices and common missteps can help ensure your first experience won’t leave you with a bad aftertaste. Continue reading…

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