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What's the most effective legal way to avoid any expected problems with a new reverse mortgage lender? -Alfred Hello Alfred, This is a very open question. There are several ways to handle issues with lenders, but it depends on the issue you are having. And when you say, “expected problems with a new reverse mortgage lender”, that... Read Full Article
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[table id=1 /] I am looking for the best reverse mortgage lender. I have felt I was being cheated in the pass from a lender, so I decided against it, because of high fees, Interest rate, insurance premium, and closing fees. Also I understand there will be, once again changes in the Reverse Mortgage. Some are saying it may close... Read Full Article
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Are you over 62 and looking to eliminate a mortgage payment or purchase a new home in the U.S. Virgin Islands? If so, a reverse mortgage might be the perfect product. If you live in the U.S. Virgin Islands and are over 62 years old, you may be able to qualify for a reverse mortgage that will allow you access... Read Full Article
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5 Memorable Reverse Mortgage Spokesmen Reverse mortgages have had many famous faces over the years. From iconic television and film actors to a one-time U.S. presidential candidate, celebrities from all walks of life have espoused the many advantages that a reverse mortgage can provide for older homeowners in their retirement years. While spokesmen have come and gone over the... Read Full Article
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Making the decision to apply for a reverse mortgage is a large decision in and of itself, but once you do decide you’re ready, you will have a choice to make whether you want to work with a loan officer over the phone or in person. You can complete a reverse mortgage in person with a local loan officer... Read Full Article
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I usually write articles and blogs based on the current state of affairs in our industry or based on the feedback I'm getting from customers at the time. It seems that now more than ever, I'm getting online blog requests and calls from borrowers who are telling me that they are feeling a lot of pressure from loan originators on... Read Full Article
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Tennessee is turning into an attractive retirement destination thanks to the fairly recent introduction of retiree-friendly tax laws and an overall lower-than-average cost of living. If you live in Tennessee already or are thinking about moving to or within the state, here are some ways a reverse mortgage could help. The federally-insured Home Equity Conversion Mortgage (HECM)... Read Full Article
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South Carolina is a popular retirement destination thanks to its lower-than-average cost of living, moderate climate, and high population of older adults. Whether you’re already a South Carolina resident or are considering moving there, here are some things to consider if you’re also thinking about using the reverse mortgage, which allows homeowners aged 62 and older to access their... Read Full Article
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If you are thinking about getting a reverse mortgage in Texas, there are a few things to know about why the loans are slightly different in Texas. As a reverse mortgage borrower and Texas resident, however, you will still be able to get a reverse mortgage under the Federal Housing Administration’s insurance program, which applies nationwide. You’ll face all of... Read Full Article
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More than one in every ten people in the United States is aged 65 or older, and that number is expected to nearly double to 20% by 2030, according to U.S. Census Bureau data. North Carolina is no exception—it was one of 13 states that saw their 65+ population increase by 25% or more between 2000 and 2010... Read Full Article
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