Reverse Mortgage

How Does a Reverse Mortgage Work?

Mon, 17 Nov 2008 11:30:22 -0500

Perhaps you are wondering how does a reverse mortgage work? This loan uses your property as security. It has been referred to a rising debt, falling equity deal. What is the difference between forward and reverse mortgages? When you apply for a forward mortgage, you need a source of income. The loan is set against this and any mistakes in repayment could result in losing your home. There are definitely some advantages to having a reverse mortgage. Tags: How Does A Reverse Mortgage Work

Ways for Successful Reverse Mortgages Marketing

Mon, 17 Nov 2008 11:30:22 -0500

The keys to successful reverse mortgage marketing, as with any financial product, are finding an appropriate audience and making your pitch appeal to those that are in attendance. The audience for reverse mortgage products, the senior population, face many difficult decisions, higher costs for living expenses, medical care, insurance and other items, that the have not experienced before nor are they wanting to face. Also, consideration of what will be left behind for their heirs is part of their considerations. Recognizing these unique pressures and working them into your presentation is an essential step in successfully marketing reverse mortgage products. Tags: Reverse Mortgage Marketing

Use the FHA Insured Reverse Mortgage Calculator in the Decision Process

Mon, 17 Nov 2008 11:30:22 -0500

Reverse equity loans which are usually referred to simply as reverse mortgages are becoming more common. A reverse equity mortgage is one way for people aged 62 and older to obtain money from what was probably their largest investment during their lives, their home. There are three different types of reverse mortgages that individuals may qualify for; lender insured, uninsured and FHA insured. Each of these three types of reverse mortgages has pros and cons, including varying interest rates. The FHA Insured Reverse Mortgage Rate Calculator is a great way to assist potential borrowers how much money they would be able to receive should they pursue this financial vehicle to increase their income. Tags: Fha Insured Reverse Mortgage Rate Calculator