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Until recently, there were only two main ways you could get cash from your home: sell it or borrow against it and make monthly loan repayments. Reverse mortgages offer a third way of getting…
2.5 out of 5
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Best Price: $ 7.50 |
A quiet title action can help you save yourhome!Judges across America are dismissingforeclosures because the lenders who have soldmortgages have no legal standing to foreclose.If you have an adjustable-rate mortgage, youcan fight mortgage fraud…
According to the recent guidelines of U.S. Department of Housing and Urban Development , Premier Reverse Closings have now made changes in its condominium project guidelines. They have declared that they would take transactions for constructed properties such as manufactured homes in their projects. In the past years, many…
Avoid the company that uses this toll free number… 1-800-819-6544 This is a scam and receives a bad review. This group will send you faxes daily talking about all kind of leads including Reverse Mortgage, Loan Modification, and regular mortgage leads. They will not provide samples, or test runs,…
In Alcoa, Tennessee a 71 year old woman was able to save her home from foreclosure and auction with a reverse mortgage loan. The original home mortgage loan was secured from Wells Fargo. The bank had to first write off $30,000 from her original mortgage balance. According to her…
There is no doubt that the Reverse Mortgage Industry is booming and many mortgage bankers and brokers alike are making their living off of the reverse mortgage market rather than the traditional forward mortgage that created so much wealth for them in years past. However, for many bankers and…
Shaun Donovan The Wall Street Journal reported last Friday that HUD Secretary Shaun Donovan stated in front of a Congressional hearing on Thursday that the Government could raise insurance premiums to on Reverse Mortgages to offset the nearly $800 Million FHA losses resulting from the current housing market. It…
It’s amazing how facts can get twisted and actually be made to present arguments for two opposing sides. I recently ran across and article dealing with Reverse Mortgages and the author used all the facts, and yet painted a valid argument against Reverse Mortgages. (obviously the author was selling…
Have you ever heard something that was almost too good to be true? Most of us have, and as the saying goes, “if it sounds to good to be true; it usually is.” Unfortunately there seems to be enough con-artists, or folks wanting to make a quick…
In order to support competition in the Australian mortgage market, late last year the federal government introduced $8 billion of funding for non-bank lenders and small banks under a scheme known as “RMBS”. This scheme is designed to assist lenders who predominantly source their funds from the wholesale credit markets…