Click Here to receive a detailed analysis You will receive a detailed, no obligation comparison including an estimated amount of money you would receive. Rather Talk to a Consultant?.. Toll Free 888-664-0296Is a Reverse Mortgage Right for You? As you approach retirement age you may want to think about a reverse mortgage loan to supplement [...]
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Reverse Mortgage Condo Changes
Reverse Mortgage Condo Changes Although condos have qualified for reverse mortgages for some time, the Department of Housing and Urban Development issued Mortgagee letter 2009-19 on June 12th that changed guidelines in the approval process for a reverse mortgage condo. This new letter makes changes to the approval process for not only reverse mortgage condo [...]
Read moreReverse Mortgage Appraiser Changes
Reverse Mortgage Appraiser Changes The Federal Housing Administration (FHA) has announced recently that it is adopting the rules of the recent document called the Home Valuation Code of Conduct (HVCC) for appraisers and it does apply to a reverse mortgage appraiser. This document was created through the efforts of Freddie Mac, the Federal Housing Finance Agency [...]
Read moreFree Reverse Mortgage Counseling
Reverse Mortgage Counseling Money Management International (MMI) announced that as of July 1st, 2009 it will not charge clients for reverse mortgage counseling. The company believes it has sufficient grant funds to cover expenses until at least October 2009, when HUD grant funds will be available. MMI will limit capacity to about 3,500 sessions each [...]
Read moreReverse Mortgage Program & Details
Reverse Mortgage Program & Details Over the years,the Reverse Mortgage program options have changed depending on the economic climate. Though the fundamentals remain the same, the variety of options for the Reverse Mortgage program can be confusing. Below is an overview of the various programs offered, as well as some of the recent changes that the [...]
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