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Investing Reverse Mortgage Money in Annuities Can Be Risky
Some reverse mortgage sales persons have come under scrutiny for pushing annuities at borrowers. So what exactly is an annuity and what does it have to do with reverse mortgages? Continue reading
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HECM Principal Limit Reduction – October 1’st 2009
The U.S. Department of Housing and Urban Development announced a new set of principal limit factors for the Federal Housing Administration (FHA) HECM program. The changes will lower the principal limits for the HECM by 10%. Continue reading
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Reverse Mortgages: CMT vs HECM
Recently the Reverse Mortgage market has added a new index to the available options. You now have a choice of the index for your loan. Continue reading
Reverse Mortgage Home Purchase Loans Creates New Retirement Options for Seniors who Plan on Buying New Homes
The Home Ownership and Economic Recovery Act of 2008 made many considerable improvements to the Government regulated and insured Home Equity Conversion Mortgage or HECM reverse mortgage. Continue reading
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Contact Reverse Mortgage Group
Please fill out all the fields in the form as completely as you can and a representative will contact you shortly to help you decide if a reverse mortgage is right for you. You can also reach us by phone … Continue reading
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What should I know about reverse mortgages if I've never done one before?
A reverse mortgage loan is a special type of mortgage loan for seniors (generally age 62 and older) that pays a homeowner loan proceeds drawn from accumulated home equity. Continue reading
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Reverse Mortgage HECM Application
Reverse Mortgage HECM Application Please fill out every field in this contact form and a representative will contact shortly to discuss your reverse mortgage options. If you are curious why we can’t give you an estimate without speaking to you, … Continue reading
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Frequently Asked Questions
Frequently Asked Questions About Reverse Mortgages What is a reverse mortgage? A reverse mortgage is a loan that enables senior homeowners, age 62 and older, to convert part of their home equity into tax-free* income—without having to sell their home, … Continue reading
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Reverse Mortgage Glossary
Reverse Mortgage Glossary acceleration clause the part of a contract that says when a loan may be declared due and payable adjustable rate an interest rate that changes, based on changes in a published market-rate index appraisal an estimate of … Continue reading
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