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'Discontinued Programs' Category Archives

New Programs: Choice, Advantage & Fortune

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Each new year brings opportunities, and 2014 is no different: Reverse mortgage borrowers have new loan options available to them starting this year. If you’re interested in getting a reverse mortgage, here’s some information about the most popular product, the federally insured Home Equity Conversion Mortgage (HECM), and some of its new loan variations that are now on the...
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Choice Offers Fixed Rate Lump Sum + Monthly Payments

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Finally! Borrowers who wish to apply for the Government Insured Reverse Mortgage known as the Home Equity Conversion Mortgage (HECM or "Heck-um") have more than just one way to opt for a Fixed Rate loan. Ever since the fixed rate loans were introduced to the Reverse Mortgage product, borrowers have always had just one option to choose from, which was...
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Introducing the HECM Choice Reverse Mortgage

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Now there’s a reverse mortgage that gives you the flexibility to take only the money you need up front, and enjoy the certainty of an interest rate that doesn't change. Before Fixed HECM Choice, you had to take all of the money that was available right away—even if you didn't need it all. Now there’s Fixed HECM Choice—a Home...
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The NEW Reverse Mortgage HECM 60: Which Program is Best for You?

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As with any mortgage product, a reverse mortgage offers borrowers several different options when it comes to loan type and interest rate. There are variable rate options, fixed rate options and even a reverse mortgage that allows you to purchase a new home. Each product comes with its own set of advantages, so it's important to research upfront...
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New Study Shows Reverse Mortgage Saver as Retirement Savior

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While historically, financial planners have taken a mixed public view on reverse mortgages, recent research conducted by figureheads in the financial planning community, in conjunction with Texas Tech University, indicate the population may be in for a sea change. Further, they are pointing to a fairly new way to use reverse mortgages: as a standby cash flow means that can...
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One Reverse Mortgage You Can Afford

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NEW 4.00% Fixed Rate Saver Plans! - Request a Free Quote Today! It seems that there are many borrowers who have not looked at reverse mortgages lately and still believe that all reverse mortgages are the same as the reverse mortgage they first looked into many years ago. One borrower referred another potential borrower to us recently because she said...
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Reverse Mortgage Saver Program Gains Appeal

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$0 FEE Reverse Mortgages: All-Time Low Rates & No Closing Cost Options - Request Quote Today! Until last year, there was pretty much one reverse mortgage in town. Whether fixed rate or adjustable rate, almost all reverse mortgages fell under the Home Equity Conversion Mortgage (HECM or “Heck-um”) “Standard” program, insured by the Federal Housing Administration (FHA). Then along came...
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