By Steve Bingman Almost every senior citizen homeowner has heard of a reverse mortgage. Here are 5 facts about reverse mortgages that every senior citizen homeowner ought to know. One: A Reverse Mortgage is real. It is not a scam. Most senior citizens have heard that they can receive money and not have to pay [...]
By R W Taylor As an approved FHA appraiser I have had occasion to provide many appraisals for people requesting an FHA Reverse Mortgage. While the basic appraisal process does not differ, it is a good idea for people requesting an FHA Reverse Mortgage, also known as a HECM (Home Equity Conversion Mortgage) to know [...]
By Nicole Martello There are many types of loans available when you need to borrow money. There are loans unique to most situations such as when you need to buy a car or when you are thinking of buying a home. However, if you have already taken out a loan, you might be wondering when [...]
By Robert E Jones Purchase your next home with no monthly mortgage payments! The Federal Housing Administration will now allow seniors to use the revolutionary Reverse Mortgage program to purchase real estate. New enhancements to the government program allow seniors to purchase a home with no monthly payments. Why not move into your next home [...]
By Angella Conrard For years, reverse mortgage originators have been telling borrowers that reverse mortgages are “non-recourse”. They could never owe more than their house is worth at the time the loan is paid back. The Merriam-Webster Dictionary defines non-recourse as being or based on an agreement in which the lender has no right of [...]
By Beth Ortiz Some people tend to keep their questions to themselves when it comes to taking out a loan, but this could be a mistake, especially if you are not completely familiar with the process of borrowing money. Even if you have no problem with asking a banker or financial adviser questions regarding taking [...]
By John Mazzara Today you’ll find that reverse mortgages are quite popular and many seniors today find that this is one of the best senior housing options that are available. Although many people seem to think that they understand the way reverse mortgages work, there are still many people who don’t totally understand how these [...]
By Vanessa Born It seems that many people these days are thinking that bigger is better. Some need to have the biggest and fastest boats or sleekest cars, while others want the most expensive clothes and homes. This competition is not always a bad thing however, because it drives the economy and pushes people to [...]
By Caleb Liu If you want the process for a reverse mortgage loan to go well, you need to find the right one. Since there are so many places out there offering such a loan the consumer has the upper hand. You need to understand who you commit to working with will have a profound [...]
By John Mazzara For people who are around retirement age, many are finding that a reverse mortgage is one of the best senior housing options out there today. These loans can be used with an existing home and also to purchase a new home. In fact, this is becoming an increasingly popular option with many [...]
