Browsing Category:Reverse Mortgage

reverse-mortgage-the-professionals-and-cons
A reverse mortgage is a type of mortgage loan that's secured against a residential property that can give retirees added income by giving them access to the unencumbered value of their properties. Homeowners who are short on cash and find their home equity is their biggest asset might consider a reverse mortgage when they don’t have any other viable way...
Continue reading
0 Comments
Share
1000s-in-florida-misplaced-their-properties-to-reverse-mortgage-foreclosures
Editor's note: This story has been updated to correct the amount available under the ELMORE program.Gerda Graf was plagued with financial woes when she took out a reverse mortgage 10 years ago.Earlier this year, the 83-year-old lost the home she has owned for more than 40 years.She is one of thousands of senior Floridians facing the same outcome.Reverse mortgages,...
Continue reading
0 Comments
Share
who-wants-a-proprietary-reverse-mortgage
Home Equity Conversion Mortgages (HECMs) are the most popular reverse mortgage products. These federally insured loans allow homeowners who are 62 years or older to tap into their home equity. They can use it to pay for basic living expenses, healthcare costs, a home remodel, or anything else.While HECMs represent most of the reverse mortgage market, a...
Continue reading
0 Comments
Share
mid-america-mortgage-welcomes-dennis-loxton-as-nationwide-gross-sales-supervisor-in-its-reverse-mortgage-division-ap-wire
ADDISON, Texas, Nov. 15, 2021 (SEND2PRESS NEWSWIRE) - Mid America Mortgage, Inc. (Mid America) announced that Dennis Loxton has been hired as national sales director for the company's reverse mortgage division. A veteran of the reverse mortgage industry, Loxton joins Mid America from Liberty Reverse Mortgage where he served as Regional Vice President, Eastern Wholesale. At Mid...
Continue reading
0 Comments
Share
single-goal-reverse-mortgage
What is a Single Purpose Reverse Mortgage? A single-purpose reverse mortgage is an arrangement whereby lenders make payments to borrowers in exchange for some of the borrower's equity. Borrowers must use these payments for a specific purpose approved by the lender.These can be contrasted with proprietary reverse mortgages and home conversion mortgages (HECMs).The central thesesA reverse mortgage...
Continue reading
0 Comments
Share
hightechlending-president-talks-new-reverse-mortgage-tv-business-want-for-business-training
The top 10 reverse mortgage lenders HighTechLending (HTL) announced this month that they have created a new television commercial to air on national networks featuring the company's president, Don Currie, as the new spokesperson, as well as testimonials from real-life ones Customers. The commercials, running on HTL's senior citizen DBA AmericanSenior.com, mark the company's attempt to offer its...
Continue reading
0 Comments
Share
easy-methods-to-keep-away-from-outliving-your-reverse-mortgage
Umkehrhypotheken: Sicherheit oder Hype Während umgekehrte Hypotheken manchmal als sichere Einnahmequelle für den Rest Ihres Lebens beworben werden – und sie können unter den richtigen Bedingungen –, ist eines der größten Risiken bei der Aufnahme dieser Art von Hypothekendarlehen, dass Ihnen die Einnahmen früher als erwartet ausgehen Darlehen. Eine umgekehrte Hypothek ist eine Art von Darlehen, bei...
Continue reading
0 Comments
Share
12335