Reverse Mortgage Loans USA News and Information
We discuss the latest news and commentary about reverse mortgage loans from all around the country.
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- Reverse mortgage numbers for 2007 are in by the FHA
The FHA released their numbers for HECM reverse mortgage loans. As expected there was a significant increase in the number of HECM cases issued from the prior year.
Fri, 18 Jan 2008 15:00:00 GMT - Let mortgage lenders compete for your business
Let lenders compete for your business and just don’t shop for the best rate, shop for the best loan. If you have a mortgage with an interest rate in the 6% or higher range, now may be a great time to refinance.
Wed, 16 Jan 2008 15:00:00 GMT - Prepare now for the potential collapse of the economy
If all this activity in the mortgage space so early in the New Year hasn’t woken you up to what appears to be the beginning of a major collapse in the economy then what signs are you waiting for?
Tue, 15 Jan 2008 15:00:00 GMT - Be Aware of Reverse Mortgage Costs
You need to be aware of the costs you are paying to obtain a reverse mortgage. Your Good Faith Estimate is a great place to start when comparing the costs of a reverse mortgage so make sure each lender you’re considering gives you one.
Mon, 14 Jan 2008 15:00:00 GMT - Reverse mortgages can be the answer for many seniors during a time of economic uncertainty
Selling a home and downgrading is no longer an option. Traditional loan products that require most stringent income and credit scores are no longer an option. A reverse mortgage can be an answer for many seniors during a time of economic uncertainty.
Fri, 11 Jan 2008 15:00:00 GMT - Negotiate your reverse mortgage with a few lenders
When you decide to go shopping for a reverse mortgage there are two big ticket items that you can negotiate with the lender in an attempt to reduce the cost of the loan.
Thu, 10 Jan 2008 15:00:00 GMT - Purchase a home with a reverse mortgage
For seniors who have never owned their own home a reverse mortgage can be used for home purchases. The problem is finding an undervalued home with enough equity to satisfy the mortgage requirements.
Wed, 09 Jan 2008 15:00:00 GMT - Common reverse mortgage loan terms
When you go shopping for a reverse mortgage there are terms that you will see that you may not understand. Here are a few of the most common terms for all loans and a few you will most likely see when shopping for a reverse mortgage.
Tue, 08 Jan 2008 15:00:00 GMT - When is the best time to use a reverse mortgage
If you are a senior that does not have enough income pay your monthly expenses and live a quality life then financial change is required.
Mon, 07 Jan 2008 15:00:00 GMT - An increase in reverse mortgages does not indicate a problem with the economy
Even though reverse mortgages cost more in points and closing costs, the industry is seeing an increase in the number of these types of loans. Some argue that the surge in reverse mortgages has to do with a failing economy and not with this type of loan product being the best choice for many seniors.
Fri, 04 Jan 2008 17:00:00 GMT - Do your homework before choosing a reverse mortgage
These days, it's hard to trust reverse mortgage information coming from only one place, and it is smart to research different sources for information.
Thu, 03 Jan 2008 16:00:00 GMT - Reverse Mortgages and the New Year
The New Year is expected to bring a lot of new activity to the reverse mortgage marketplace.
Wed, 02 Jan 2008 16:30:00 GMT - Senate Committee on Aging keeps eye on Reverse Mortgages
In February 2007 the Special Senate Committee on Aging met to discuss how programs and services for seniors would be impacted by the President's budget.
Fri, 28 Dec 2007 17:20:00 GMT - Reverse Mortgages to the foreclosure resuce
If there is enough equity in the home then a reverse mortgage can be used to refinance the home before foreclosure. Today more lenders are willing to accept a reverse mortgage payoff because of the current real estate market.
Thu, 27 Dec 2007 16:00:00 GMT - Reverse mortgages are NOT a threat to seniors
The fact is that reverse mortgages are helping many seniors who otherwise would not have access to the cash buried in their homes and the FHA wants the private sector to get more involved.
Mon, 24 Dec 2007 15:30:00 GMT
