no comments Today's Reverse Mortgage Rates [table id=2 /] [table id=3 /] Tip #1: If you are shopping for the best reverse mortgage interest rate, be sure to first compare the programs payment options explained in detail below. Many prospects first lean to a fixed rate but find the mandatory lump sum unattractive when compared to the flexibility of... Read Full Article
2 comments Can the loan balance grow beyond the value of the house? I thought there was a cap of 60% of the value of the house? There is no "cap" on the amount of interest that can accrue. In many cases, especially if the value of the home declines as they have done in recent years, the balance of the reverse... Read Full Article
no comments What Rising Interest Rates in 2018 Mean for Reverse Mortgage Borrowers Interest rate increases impact reverse mortgage borrowers differently from how they impact forward mortgage borrowers. While gains in short-term rates have a minimal effect on the amount of loan proceeds reverse mortgage borrowers may be eligible to receive, hikes in longer-term rates can significantly reduce their borrowing power over... Read Full Article
no comments As you have heard by now, Brexit happened. The United Kingdom voted in referendum in June to leave the European Union. Though nothing catastrophic has happened as a result, there will likely be some slow changes taking place across the real estate landscape in the U.S. in the coming years, especially when it comes to the housing market. Since... Read Full Article
no comments All Reverse Mortgage® is an Award-Winning HUD Approved Direct Lender. Compare our NEW 3.99% (5.86%APR) Fixed Rate and Save Thousands! - Request Free Quote! - Many senior borrowers who start looking into reverse mortgages are not aware of it, but there is a NEW Lower fixed rate reverse mortgage (HECM) available. The HECM or "Heck-um" as you may hear it... Read Full Article
2 comments All Reverse Mortgage® is an Award-Winning HUD Approved Direct Lender. Compare our NEW 3.99% (5.996%APR) Fixed Rate and Save Thousands! – Request Free Quote! – *Fixed interest rates are subject to change without notice. 3.99% Fixed product not available on HECM Purchase transactions. If you have decided that you’d like to use a reverse mortgage to tap into your home equity... Read Full Article
no comments Senior homeowners may be looking at a combination of events that could equate to the perfect storm brewing that doesn't even appear on most of their horizons. There is a combination of events, those that have already happened; those that are going to happen; and those likely to happen, that could leave many senior homeowners in a real bind. So... Read Full Article
no comments All Reverse Mortgage® is an Award-Winning HUD Approved Direct Lender. Compare our NEW 3.99% (5.72%APR) Fixed Rate and Save Thousands! - Request Free Quote! - We have had such low rates for so long that we have all come to take them for granted. We had borrowers call back on proposals that they received as much as a year prior... Read Full Article
no comments The number of people opting to take out a fixed rate reverse mortgage has gone up dramatically over the last few years, but it’s important not to overlook all the benefits of having an adjustable rate reverse mortgage. While the certainty of the fixed rate can be a positive, taking out an adjustable rate reverse mortgage comes with features you... Read Full Article
1 comment All Reverse Mortgage® is an Award-Winning HUD Approved Direct Lender. Compare our Lower Rates, Lower Fees & Save Thousands! - Request Free Quote! - If you've made the decision to stay in your home, but you’re not sure if your savings will allow you to do so, a reverse mortgage could be a potential solution to help you achieve financial stability. But different reverse mortgage... Read Full Article
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