Reverse Mortgage News
Find the latest news on the California reverse mortgage process
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The latest news on reverse mortgage in California, Washington and Oregon. You can also find news regarding home equity conversion mortgages, reverse mortgage FAQs, HECM information and other news to help you plan.
Reverse Mortgage Interest Rates
“As the United States has become an older nation, reverse mortgages have grown into a $20-billion-a-year industry, with elderly homeowners taking out more than 132,000 such loans in 2007, an increase of more than 270 percent from two years earlier.” -Charles Duhigg...
Reverse Mortgage Calculators – How To Calculate A Reverse Mortgage
The primary question that occupies your mind when you contemplate a reverse mortgage is, “How much will I get?” With the advent of technology, we are lucky today. You don’t have to go to your lender to calculate a reverse mortgage for an accurate estimate. You will...
Reverse Mortgages For Older Home Owners
A rеvеrѕе mortgage iѕ a tуре of home loan for оldеr hоmеоwnеrѕ thаt requires nо monthly mortgage payments. Borrowers are ѕtill rеѕроnѕiblе fоr property tаxеѕ and homeowner's insurance. Rеvеrѕе mоrtgаgеѕ allow еldеrѕ tо access the hоmе equity thеу hаvе built up in...
HECM Rates
In an instance where a homeowner relinquishes equity for their home in exchange for regular payment, a case of reverse mortgage reflects. It is of essence to note that reverse mortgage applies to home occupants who are already aging. In this regard, the move to...
Reverse Mortgage Age Requirements and Its Eligibility Qualifications
Have you been wondering if you are qualified to get a reverse mortgage? You may intend to apply for a reverse mortgage, and just like any other kind of loan, there are some qualifications you will be required to meet. Since the Federal Housing Administration insures...
What you Should Know About Reverse Mortgage Refinancing
Often times, home owners receive tempting credit offers on their existing reverse mortgages. Such lenders promise higher credit limits and better rates. But is refinancing a reverse mortgage a wise move? Well, if the value of your house has improved significantly,...
Refinancing A Reverse Mortgage
When homeowners older than 62 years acquire a loan through converting part of their equity into cash, it gets referred to as a reverse mortgage. Homeowners can supplement the retirement income they get by receiving regular payments every month. You can take a reverse...
What is the Age Requirement for a Reverse Mortgage?
Do you qualify for a reverse mortgage? While many home owners have heard of the government-insured reverse mortgage program, only a few may be conversant with the requirements to qualify for this scheme. This is especially true for first time home owners or those who...
Meet Mrs. ‘A’
"Dear Rick, I am so grateful to you for helping me obtain my reverse mortgage. I had heard positive and negative things about reverse mortgages, but you explained everything in such great detail in a way that I could understand. My kids are also happy knowing that I...