Reverse.

Reverse Mortgage Offers Fresh Approach To Income From Real Estate

By Mark Barnes If you owe 40 percent or less of your original mortgage, there is a great program that is available to you that will generate extra monthly income. It

Posted in | Tagged , , , , , , , , , | Leave a response

Reverse Mortgage

By Charles Essmeier Reverse mortgages used to be considered the last resort of desperate retirees who needed to borrow against their home equity in order to pay for medical expenses. With home prices across the country rising at astonishing rates, more and more retirees, aged 62 and over, are taking out reverse mortgages to fund [...]

Posted in | Tagged , , , , , , , , , , , | Leave a response

HUD Insures First Fixed Rate Reverse Mortgage

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 | Tagged , , , , , , | Leave a response

Pulling Back The Curtain On Reverse Mortgages

Last week’s article on reverse mortgages generated a very interesting response from one reader. Unfortunately, due to his choice of vocabulary, I can’t print his response here. Suffice it to say that this advisor doesn’t want me saying anything negative about his chief source of revenue. This week I’d like to pull back the curtain [...]

Posted in | Tagged , , , , , , | Leave a response

Is It a Good Time for a Reverse Mortgage

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 | Tagged , , , , , , , | Leave a response

Comfort in Your Reverse Mortgage

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 | Tagged , , , , | Leave a response

Should Seniors Use Reverse Mortgages

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 … [...]

Posted in | Tagged , , , , | Leave a response

Is A Reverse Mortgage Right For You

In the last few years reverse mortgages have been growing in popularity among the elderly. While there are numerous advantages associated with reverse mortgages there are also disadvantages as well. Before you take out a reverse mortgage, be sure you have the whole story. First, understand what is involved in a reverse mortgage. Basically, this [...]

Posted in | Tagged , , , , , , | Leave a response

Reverse Mortgages, Bank or a Broker

After 31+ years Mortgage Banking experience working for large banks and Mortgage Bankers, we decided it was time to start serving our senior clients as mortgage brokers. When asked why we chose to do this rather than accepting positions with large banks, we tell people it was an easy decision to make, we love what [...]

Posted in | Tagged , , , , , | Leave a response

Next