Prime Advantage will allow reverse mortgage borrowers with higher value homes the choice to receive a fixed rate for the life of their loan. The product does give borrowers the option of an adjustable rate, as well.
Continue Reading 1 comment July 13th, 2007
If you are a senior looking for financial independence and security late in life, look no further, a reverse mortgage may be your best bet!
“For some senior citizens on fixed incomes, reverse mortgages are a great way to cash in on their home equity to make needed repairs, pay unexpected medical bills or just to supplement their retirement. Seniors shouldn’t have to choose between taking out a loan to fix up their home and putting food on the table. With a reverse mortgage, this difficult decision is a thing of the past.”
Continue Reading 1 comment June 21st, 2007
Last year proved to be huge for reverse mortgages. As reported by the National Reverse Mortgage Lenders Association (NRMLA), in late October, the number of U.S. federally insured reverse mortgages grew by 77 percent from 2005. This explosive growth is expected to continue well into 2007.
Continue Reading Add comment February 12th, 2007
Welcome to the Reverse Mortgage Adviser Newsroom! This is a blog designed to provide you with the most relevant and up to date information concerning reverse mortgages. Here, you will find postings on reverse mortgage news topics, including mortgage product rollouts and updates, useful resources, legislature and interest rates. FINALLY - one location that addresses all of your reverse mortgage concerns and questions!
Continue Reading Add comment January 16th, 2007