By admin on August 1, 2011
Have you been considering a reverse mortgage but are just afraid of some of the negative things you’ve heard? There are some negative myths that senior borrowers have heard about this type of financing that simply aren’t true and we’re going to expose some of those here. Myth #1 The Lender gets my house. This [...]
Posted in Business and Finance | Tagged amp, misconceptions, mortgage, myths, reverse, uncovering |
By admin on July 30, 2011
Many senior borrowers who start looking into reverse mortgages are not aware of it, but there is a fixed rate Home Equity Conversion Mortgage (HECM) available. The HECM or Heck-um as you may hear it called, is the government insured reverse mortgage program offered by lenders and insured by the Federal Housing Administration. Many senior [...]
Posted in Business and Finance | Tagged first, fixed, hud, insures, mortgage, rate, reverse |
By admin on June 13, 2011
Reverse Mortgage Loans are unlike traditional loans or forward mortgages in many ways. Even the costs are figured differently. Because a Reverse Mortgage is often paid to the borrower in monthly payments or in the form of a line of credit that the borrower can access as they choose. The origination fee on the HUD [...]
Posted in Business and Finance | Tagged costs, explained, mortgage, reverse |
By admin on June 10, 2011
As industry professionals, we often have an opportunity to sit in on conference calls on market trends and other things that affect reverse mortgages and the senior borrowers who get them. We were on one today that echoed something that we have been saying so it seems that it’s to a point where we should [...]
Posted in Business and Finance | Tagged a, for, good, is, it, mortgage, reverse, time |
By admin on May 23, 2011
Some of the most popular products being pitched to seniors today are reverse mortgages. Everywhere you turn there are free seminars, free reports and free DVDs, all touting the amazing benefits these loans offer. Are reverse mortgages the answer to seniors prayers, or are they too good to be true? It all sounds so wonderful: [...]
Posted in Business and Finance | Tagged mortgages, reverse, seniors, should, use |
By admin on May 21, 2011
I just finished reading yet another article on the internet by AP Economics writer, Martin Crutsinger, in which he states Sales of existing homes fell to the lowest level in nearly a decade in January while the median price for a home dropped for the fifth straight month. His article quotes the chief economist for [...]
Posted in Business and Finance | Tagged comfort, in, mortgage, reverse, your |
By admin on April 27, 2011
Are you over 62 years, looking for a little extra money and own most if not all of your home? If the answer is yes, then a reverse mortgage may be exactly what you’re looking for. Here are some of the benefits a reverse mortgage can offer you: #1: Reverse mortgages pay you. Instead of [...]
Posted in Business and Finance | Tagged benefits, mortgages, of, reverse, six |