Reverse Mortgage Info

2
A reverse mortgage is a financial tool, designed by the federal government, to offer relief for homeowners 62 and older. It allows seniors to stay in and keep their home by eliminating their current mortgage payment and give access to their equity - tax-free! Unlike traditional "forward"-type home loans, or second mortgages, no repayment is required until the homeowner, or homeowners, no longer occupies the property as their primary residence.

Posted in Main

Other Reverse Mortgage, Information

0

Wth 40 New LOs, Maverick Funding Aims for Reverse Mortgage Top-10 - Reverse Mortgage Daily


Wth 40 New LOs, Maverick Funding Aims for Reverse Mortgage Top-10
Reverse Mortgage Daily
Maverick funding is now staffing its newest reverse mortgage branch, led by former Great Oak Lending CEO Josh Shein, and announced plans today to grow from its current total of 40 loan officers to 62 loan officers over the next six months.
Maverick Funding Corp. Announces Additional Growth for Reverse Mortgage ...PR Web (press release)
Reverse Lender Has Top-10 AspirationsMortgage Daily

all 4 news articles »


Congressmen Barney Frank, Michael Capuano, Stephen Lynch urge housing ... - Boston.com


Congressmen Barney Frank, Michael Capuano, Stephen Lynch urge housing ...
Boston.com
By Jenifer B. McKim, Globe Staff Three Massachusetts congressmen today are urging federal housing officials to do more to help troubled homeowners avoid foreclosure -- adding pressure on mortgage giants Fannie Mae and Freddie Mac to reverse a ...

and more »


government considers new equity release scheme - Mozo.com.au


government considers new equity release scheme
Mozo.com.au
The Australian government is considering a new reverse mortgage scheme that would allow elderly Australians to pay for their care without getting rid of their family home. Reform to equity release in Australia was a key recommendation in the ...
Firewall bid on seniors' assetsHerald Sun

all 2 news articles »


Financial Assessment Leads to Reverse Mortgage Musical Chairs - Reverse Mortgage Daily


Financial Assessment Leads to Reverse Mortgage Musical Chairs
Reverse Mortgage Daily
Despite the still-fresh departures of reverse mortgage competitors such as Bank of America and Wells Fargo from the landscape, many lenders say they have seen interest from originators with a competitor that is still very much present in the ...


Reverse mortgage may be best option for elderly homeowner - Los Angeles Times


Reverse mortgage may be best option for elderly homeowner
Los Angeles Times
A reverse mortgage would enable an 82-year-old woman who needs cash to tap the substantial equity in her home. By Liz Weston Money Talk Dear Liz: My healthy and active 82-year-old mother is faced with having to sell her home this year because she's ...
How I Got My Start: George Downey, Harbor Mortgage SolutionsReverse Mortgage Daily

all 3 news articles »


Government considers reverse mortgage scheme to fix aged care funding - The Daily Telegraph


Government considers reverse mortgage scheme to fix aged care funding
The Daily Telegraph
A REVERSE mortgage scheme to protect seniors against a fire sale of the family home to pay for aged care is being considered by the government. The reforms could also soften the blow of forcing seniors to pay a greater share of the true cost of ...

and more »


Puerto Rico Reverse Mortgage Heavyweight Moving Stateside, Plans to Make ... - Reverse Mortgage Daily


Puerto Rico Reverse Mortgage Heavyweight Moving Stateside, Plans to Make ...
Reverse Mortgage Daily
One of Puerto Rico's largest reverse mortgage lenders is expanding into the United States and plans to carve out a “niche” targeting the Hispanic population. With seven branches and 80 employees, Money House is the second largest reverse mortgage ...

and more »


Is a reverse mortgage the right choice? - Village News Network


Village News Network

Is a reverse mortgage the right choice?
Village News Network
A reverse mortgage is a loan for senior homeowners over 62 years old that uses some of their home equity as collateral. If a person keeps paying the property taxes and insurance on the home, the loan does not have to be repaid until the last homeowner ...

and more »


Reverse Mortgage Workshop Coming to University Place on Feb. 15 - Patch.com


Reverse Mortgage Workshop Coming to University Place on Feb. 15
Patch.com
Pierce County Community Connections Aging & Disability Resources is sponsoring "Reverse Mortgages: A Primer for Consumers." By Patch Staff Most Americans would prefer to remain in their own home for as long as possible. One way that people can do that ...
Family Matters: My Grandma's Reverse MortgageReverse Mortgage Daily
County workshop will explain reverse mortgagesTheNewsTribune.com (blog)

all 3 news articles »


Is a reverse mortgage right for you? - Valley News


Valley News

Is a reverse mortgage right for you?
Valley News
A reverse mortgage is a loan for senior homeowners over 62-years-old that uses some of your home equity as collateral. If you keep paying your property taxes and insurance, the loan does not have to be repaid until the last homeowner moves out of the ...
Reverse Mortgages: Big Potential, Small ResultsU.S. News & World Report (blog)

all 13 news articles »


Posted in Other