Reverse Mortgage Lenders Rochester NY

Reverse Mortgage Lenders Rochester NY

Securing a New York Reverse Mortgage One of many financial options available to seniors and retirees in the state of New York is the New York reverse mortgage. This loan type functions in a specialized way. It allows seniors to access their home equity and spend it as cash. Very few financial instruments are designed to accomplish this. Reverse Mortgage New York Information You must be at least 62 years old in order to qualify for this loan. You must also own a home and have some …

Reverse mortgage Truth Lending disclosure

Reverse mortgage Truth Lending disclosure

The Consumer Financial Protection Bureau is planning stronger disclosure requirements for reverse mortgages as more evidence emerges that senior citizens are using the product without fully understanding its main features and risks. As part of a Dodd-Frank Act requirement, the agency was set to release a study Thursday showing signs reverse mortgages are not being used as intended, with increasingly younger borrowers taking out larger pots of money rather than gradual income streams …

Top reverse mortgages Lenders in 2012

Top reverse mortgages Lenders in 2012

HECM volumes took it on the chin in September, dropping -10.6% from August. Retail (-11.1%) and Wholesale (-9.9%) fell by similar percentages, with the drop of First National Bank of Layton from Retail due to their previously announced exit likely made the difference between the two. Continuing the trend of companies capitalizing on lender exits, Proficio jumped from 1 unit last month to a striking 53 in September, good enough for a 9th place ranking for the month (see page 4 …

Reverse mortgage Lenders in Texas

Reverse mortgage Lenders in Texas

Prop 5 Passes in Texas, But Implementation May Take Longer Proposition 5 passed by a wide margin this week, paving the way for HECM for Purchase to be offered in Texas. To pass, Prop 5 needed approval by 51 percent (50% plus 1) of voters, but the final tally was 62 percent. During the NRMLA Business Meeting, NRMLA President & CEO Peter Bell presented an award to Scott Norman, Vice President at Sente Mortgage, for his efforts to get Proposition 5 passed. Norman indicated …

Reverse Mortgage Companies Kansas City

Reverse Mortgage Companies Kansas City

Securing a Kansas Reverse Mortgage Any senior who plans to retire in Kansas should research and consider a Kansas reverse mortgage as a way to gain the income needed to live well during retirement. This type of mortgage provides the borrower with money sourced from his or her home equity either as a lump sum or in monthly installments. Reverse Mortgage Kansas Information Reverse mortgages in Kansas are more beneficial than other loan types due to their unique, specialized nature …

Reverse Mortgage Lenders in Fresno CA

Reverse Mortgage Lenders in Fresno CA

Fresno Madera California Are you interested in possibly entering into a reverse mortgage in the Fresno Madera area of California? If so, it’s important to understand that there are some eligibility requirements involved in securing a reverse mortgage. In addition to meeting the eligibility requirements, it’s also important for you to understand that you will be expected to fulfill certain responsibilities should you qualify for a reverse mortgage. It’s always a good idea to speak …

Best Reverse Mortgage Companies in Texas

Best Reverse Mortgage Companies in Texas

Home Equity Conversion Mortgage (HECM) Texas Reverse Mortgage, Inc. The ONLY product we provide is the Texas Reverse Mortgage! Robert L. Wade CPA TEXAS REVERSE MORTGAGE SPECIALIST NMLS #268922 6 626 Silvermine Dr., Ste. 500 Austin, TX 78736 Tel: 512-288- | Fax: 877-288-0294 Request Information Welcome to TEXAS REVERSE MORTGAGE! At Texas Reverse Mortgage, Inc. the ONLY product we provide is the Texas Reverse Mortgage . Our mission is to set the highest standard in the Reverse Mortgage …

Reverse Mortgage Lenders in California

Reverse Mortgage Lenders in California

Allow retirees and the elderly to remain financially independent with a steady and reliable income stream throughout the best years of their lives. This mortgage option taps into the equity you’ve built up in your home and converts it into cash you can put toward living expenses and other purposes. Reverse Mortgage California Information There are no mortgages on the market that function the same way reverse mortgages do. These loans are entirely unique and limited exclusively …

Top Five Reverse Mortgage lenders

Top Five Reverse Mortgage lenders

December 12th, 2011 The Internet is a good place for consumers to find out more about products they’re interested in. But it’s important to be selective when researching on financial products, and seek advice of a trusted resource. Reverse mortgages are no exception. Many websites offer free “reverse mortgage calculators” that allow consumers to enter home and personal information and calculate whether they’re eligible for a loan, and if so, how much of their home’s equity they’d …

Wholesale Reverse Mortgage Companies

Wholesale Reverse Mortgage Companies

I’m sure you have heard the terms “Mortgage Broker, ” “Bank” and “Lender, ” but do you know the difference? Do you know for which your loan officer or originator works? Do you know how to check on their background? I’m writing this article to clear up the confusion so you learn the difference and the advantages of working with a Reverse Mortgage Broker. A mortgage broker is a company in the mortgage business who works with various lenders but does not loan the money. Sometimes …