Browsing Tag:Proprietary

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...
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proprietary-reverse-mortgage-definition
What is a proprietary reverse mortgage? A proprietary reverse mortgage loan is a loan that allows senior homeowners to access the equity in their homes through a private lender. They're not as tightly regulated as home equity conversion mortgages (HECM) and aren't government insured.Proprietary reverse mortgages make up only a small portion of the reverse mortgage market,...
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reverse-mortgage-funding-lowers-age-requirement-to-55-for-its-proprietary-reverse-mortgage-product-fairness-eliter
Generation X members can now qualify for reverse mortgages at this lower age limitBLOOMFIELD, NJ / ACCESSWIRE / September 1, 2021 /Reverse Mortgage Funding, LLC (RMF), one of the nation's leading reverse mortgage lenders, today announced a significant improvement in its own reverse mortgage product, Equity Elite®. The increase lowers the minimum age for homeowners applying for this...
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