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All posts in Christie Bynum | Bynum Law Firm

November 29, 2014
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Are you considering a Reverse Mortgage?

Christie Bynum, board member
Christie Bynum | Bynum Law Firm, Members , 0

by Charmaine Blount

Are you considering a Reverse Mortgage?

The Bynum Law Firm, PLLC is a full-service law firm. While primary areas of practice are Real Estate Transactions and Family Law, The Bynum Law Firm takes pride to fully educate their clients.

When consulting with a client who is seeking legal counsel, Christie Bynum reviews the pros and cons to determine whether a reverse mortgage is a good fit for her clients needs.

Here are some of the qualifications for a reverse mortgage:

  • Both occupants are 65+.
  • Occupants own the home.
  • The home is the clients’ primary residence.
  • The client must discuss the program with an independent counselor (approved by the Department of Housing and Urban Development [HUD] and from a HUD-approved agency).

Pros

  • Homeowner may reside in the home without making a monthly mortgage payment.
  • Homeowner may receive funds in a lump-sum payment or a line of credit along with other options.
  • Proceeds are tax free.
  • Estate heirs inherit any remaining equity after reverse mortgage is paid.
  • Funds may be used for anything you choose (i.e., home repairs, in-home care, purchase of a second home, vacation, etc.)

 Cons

  • Not recommended if a spouse is younger than 65
  • Homeowner cannot budget taxes and insurance.
  • Fees can be higher than a traditional loan.
  • Value of estate inheritances may decrease over time.

*PLUS GET YOUR CLOSING ON LOCATION! –  If you are unable to travel to their office, they can travel to the location most convenient for you, such as your realtor’s office, lender’s office, place of employment, etc. They travel to any location within Guilford and Forsyth Counties.

Attorney Bynum is committed to providing all clients with personal attention and dedication that their case deserves. Contact The Bynum Law Firm today for a consultation!

May 23, 2014
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Does Your Real Estate Attorney Travel to Your Location?

Christie Bynum, board member
Christie Bynum | Bynum Law Firm, Members 1

by Charmaine Blount

Your traveling Real Estate Attorney, Christie Bynum of the Bynum Law Firm does. Not only that, but you get a FREE $50 gas card if your conventional loan doesn’t close in 45 days! They also guarantee a 60-day closing for FHA loans.

Christie takes the hassle out of real estate closings by providing convenience for her clients.

 

As a traveling Real Estate Attorney, Christie provides the following professional services to every client:

1. Ensures that you obtain a clear title

2. Addresses current changes within the Real Estate Settlement Procedures Act (RESPA)

3. Provides knowledge so you fully understand the completed transaction

4. Furnishes reputable resources for other services you may need for your closing

5. Communicates with lender for a reasonable time line for your loan approval

6. Builds meaningful relationships through dedication and trust

 

Contact Christie Bynum to find out how she can hep you today!

 

What services do you want from  your real estate attorney?

May 1, 2013
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Christie Bynum Talks About Reverse Mortgages

Christie Bynum | Bynum Law Firm, Members, PBL Blog 0

Christie-BydumChristie Bynum from the Bynum Law Firm gave us the low-down on Reverse Mortgages:

First and foremost, you must be a homeowner who is 62 or older. A reverse mortgage  allows you to convert home equity into available funds through a line of credit, cash advance, or periodic distributions to be repaid with interest usually when the borrower dies, moves, or sells the home. A reverse mortgage provides additional income for seniors, especially those on a fixed income.

This is a great plan to have in place for aging parents. Contact Christie for more information.