Reverse mortgage Lenders

Reverse mortgage Lenders

Choosing a reverse mortgage lender it a vital part of the process. There are many different reverse mortgage lenders both locally and nationally. Just like any other industry there are people who are deceitful and dishonest looking to scam you. When looking for a reverse mortgage lender, be aware of these five scams. Foreclosure scams – This scam involves a criminal going after a senior who is in foreclosure. The criminal works with an appraiser who is also in on the deal they …

Reverse Mortgage lenders North Carolina

Reverse Mortgage lenders North Carolina

If you live in the state and you’re over 62 years of age and you own a home. You must meet a minimal home equity requirement, but if you have enough, you shouldn’t face any obstacles when trying to take out a reverse mortgage. Reverse Mortgage North Carolina Information There are no loans available on the market that are similar to reverse mortgages. These loans are unlike all other loans. Reverse mortgages in North Carolina allow you to tap into the equity in your home and turn …

Reverse mortgage Lenders Pennsylvania

Reverse mortgage Lenders Pennsylvania

Can help you retire securely with the income you need to live well if you’re over the age of 62 and you own a home in the state. This is about the extent of the qualification requirements for this loan type, making it a swift and simple financial solution for seniors everywhere. Reverse Mortgage Pennsylvania Information There are few financial options available to seniors who wish to transform their home equity into spendable cash. A reverse mortgage is one of the best ways to …

Reverse mortgage private lenders

Reverse mortgage private lenders

Update: Proprietary / Private Company mortgage loans served their purpose very well during 2006 - 2008. Due to the recent economic downturn and credit crunch as well as the newly raised HECM reverse mortgage loan limit, the Proprietary / Private Company reverse mortgages are practically obsolete. Government backed HECM loans have now completely taken their place. HECM reverse mortgages have much higher loan limits then they used to, use our loan calculator to see how much you …

Largest reverse Mortgage Companies

Largest reverse Mortgage Companies

Happy Friday!! For some of those who prefer Big Banks to smaller local mortgage origination companies, it is fair to note some of the following info below. Just a tidbit if you will on what really happens as a spin-off or a ripple affect. Now certainly banks are great for some things. For example all of us feel much safer with keeping our money in any given account that is federally insured. Of course this in turn allows them to give back to us a very small amount of interest …

Reverse Mortgage Lenders Direct Complaints

Reverse Mortgage Lenders Direct Complaints

We have a problem. My wife and I started a reverse mortgage with Wells Fargo and after almost 65 days, we still didn’t have approval. We called our agent and when he does take the call or calls us back – which is rare – he says everything is fine and we’ll be done soon. I called another company and they gave me a quote that was better than Wells Fargo Reverse Mortgage but they had to transfer some number from HUD before they could get our loan approved. I wrote a letter like they …

Reverse mortgage Lenders Reviews

Reverse mortgage Lenders Reviews

Security 1 Lending, also known as S1L, is a reverse mortgage lender located in San Diego California. The company was founded in 2006, and today it consistently ranks as one of America’s top originators of reverse mortgage loans. In 2009, Security One bought Omni Reverse, a lender based in Mission Viejo, California. This acquisition helped launch S1L into its leading position within the industry. , Security 1 was the second largest reverse mortgage lender in the United States by …

Reverse Mortgage lenders Virginia

Reverse Mortgage lenders Virginia

A reverse mortgage is a loan taken out by a retiree or elderly homeowner against equity that has been built up in the individual’s home. This loan converts equity into income, something few financial products do. Reverse Mortgage West Virginia Information West Virginia is home to many retirees who own homes and property. As a result, reverse mortgages in West Virginia are often used to secure necessary retirements income. With a high amount of property owned by individuals …

Reverse Mortgage Companies Texas

Reverse Mortgage Companies Texas

San Antonio Texas Are you a retiree living in San Antonio Texas? Are you having trouble making ends meet? If so, a reverse mortgage may help you to improve your quality of life. While reverse mortgages are not right for everyone, they have helped many homeowners to enjoy a more comfortable, stress-free life in their senior years. Sometimes, it doesn’t matter how hard you have worked or how thoroughly you have tried to prepare for retirement. The cost of living is high, the economy …

Reverse Mortgage lenders San Diego

Reverse Mortgage lenders San Diego

San Diego California In San Diego California, you are required to attend an informative loan counseling session before you can take out a reverse mortgage. After this session is complete and you have all the information you need about the process and how it works, it’s time to make a decision about whether or not a reverse mortgage is right for you. If you decide that you would like to take out a reverse mortgage loan, then the next step is to fill out the loan application. der …