What is a reverse mortgage?? Do I want it?

by Doc Schmyz If you have already heard the term reverse mortgage, it still sounds like a strange thing ... is so these questions can be answered. The name is somewhat misleading. A reverse mortgage is a loan ... citizen’s income. The amount depends on the homeowner’s age, equity of the house, interest rate [more...]

Date: 2009-01-10 00:52:47

Blog posts (8) | Videos (50)
 

Is a reverse mortgage a good thing??

by Doc Schmyz If you have already heard the term reverse mortgage, it still sounds a little odd ... s age, equity of the house, interest rate on the loan, closing fees, and a few other factors ... is so these questions can be answered. The name is somewhat confusing. A reverse mortgage is a loan [more...]

Date: 2009-01-06 22:24:09

Top Ten Things to Know if You’re Interested in a Reverse Mortgage

Reverse Mortgages are becoming popular in America. The U.S. Department of Housing and Urban Development (HUD) created one of the first ... that lets a homeowner convert a portion of the equity in his or her home into cash. The equity built up over years of home mortgage payments can be paid to you. But unlike a traditional home equity loan [more...]

Date: 2009-01-15 19:53:15

How to Receive Money from Reverse Mortgage

by Mulroony Vanrock A senior gentleman called me last Friday ... we might loan on his home given it’s current value. I pulled out my supercomputer, punched ... a reverse mortgage line of credit. In this instance the mortgage company alots a loan amount. The borrower [more...]

Date: 2009-01-15 07:01:18

New HUD Data Shows Growth in Reverse Mortgage Activity

Despite turmoil in the broader mortgage market, data released in December by the Department of Housing and Urban Development shows that on a ... ), Baltimore (3,595), Phoenix (3,582), Orlando (3,556), Richmond, VA (3,493), Philadelphia (3,317) and Chicago (3,184) to round out the top 10. Post from: Reverse Mortgage Loan Blog New HUD Data Shows [more...]

Date: 2009-01-15 14:01:28

Mortgage Helper

My sister wants to buy a property here in Sacramento. Now that the market is favoring the buyer.. it’s really a perfect time to buy! ... various tools like Mortgage APR Calculator, Mortgage Loan Calculator (PITI), Reverse Mortgage ... monthly payment for your car loan(s). Credit card payments [more...]

Date: 2008-10-27 15:54:13

Posts about Foreclosures as of August 2, 2009

Reverse mortgages to the rescue – instantloanreview.com 08/02/2009 Reverse mortgages have been around for nearly 20 years, but it wasn’t until the current financial crisis that they caught on. Seniors are turning to these loans to tap the equity in their homes and generate tax-free income to help them ride out hard times. For Frank and Carol Rider, a reverse mortgage is providing a cushion, giving their investments time to recover from the bear market. [more...]

Date: 2009-08-02 12:05:22

Thank You Reverse Mortgage Daily Sponsors

These companies make Reverse Mortgage Daily possible, if you enjoy RMD, please consider supporting them in 2009 ... mortgage products. Golden Gateway’s online tools, award winning calculators and personalized service ... , training, and full resource center created exclusively for Reverse Mortgage Loan Officers.  Sign [more...]

Date: 2009-01-02 20:50:18

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