By Matt Murren You are retired and are finding it not easy to make ends meet each month. Your financial situation has changes in the recent slow economic times. You are a homeowner and have heard great things about senior reverse mortgages. They are tempting but you should investigate all of your options before signing [...]
By John Mazzara The concept of a Reverse mortgage Any home owner above the age of 62 years (since the minimum requirement age is 62 years old) can receive cash flow from the accrued equity on their home (property). The payments are free of tax and does not require repayment. The reverse mortgage is ultimately [...]
By John Mazzara The Origin Of This Senior Loan Product It was HUD that actually created one of the very first reverse home mortgages, and they have become more and more popular since that time. This type of mortgage provides a way that seniors can have an easier time when they are going through retirement. [...]
By Matt Murren If you are a senior citizen and are finding it difficult to get by in these hard economic times, you may want to consider a senior reverse mortgage. Of course, you need to be a homeowner and be at least 62 years old. You are not required to own your home outright [...]
By Nicole Martello Once most people start thinking about taking out a loan, they begin to wonder when it would be the best time to apply for one. The best time to apply varies greatly from one person to the next, however, there are things that you can take into account when deciding one the [...]
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 [...]
