The Best Reverse Mortgages

Recently, the costs associated with the HECM Reverse Mortgage have been reduced.  Both the Standard and Saver programs including the fixed and adjustable rate options have all experienced reductions to their costs.  The average cost of a reverse mortgage is lower than it has ever been and seniors are starting to take advantage of this opportunity.  Qualify for more money with less costs.  Contact Rick Rodriguez, Sales Manager & Reverse Mortgage Specialist, for more information at (877) 576-3783 or click here to qualify.

Recently, we have seen more attention being given to reverse mortgages than ever before.  The latest was an article published in the July edition of the Journal of Accountancy, which caters to CPA's and the overall accounting industry.  The article gave a detailed and unbiased presentation of the reverse mortgage program listing all the pros and cons associated.  There have been other articles written from outside the reverse mortgage industry over the years that have provided inconsistent data and facts, however this article is well written and very poignant with the facts.  More importantly, this article will act as a wonderful source of information on the reverse mortgage program for other professional industries such as accountants, lawyers and financial planners. Read the article in its entirely at:   http://www.journalofaccountancy.com/Issues/2012/Jul/20103561.htm# To speak to a reverse mortgage professional, visit http://www.reversemortgagebenefit.com

Many seniors are not being informed of the different options available under the FHA reverse mortgage program.  This is due to the fact that many brokers are luring seniors into taking a lump sum cash payment because it compensates the reverse mortgage broker the most.  As a result, there was a recent study done by the CFPB that illustrated this exact point as being a detriment to the reverse mortgage program as a whole.  When considering a reverse mortgage , it pays to do your research and interview various reverse mortgage banks (not brokers) who are held by much higher industry standards.  It is wise to consult with an attorney, financial planner and reverse mortgage professional.  For complete information on the reverse mortgage program for adult children, advisers and seniors, visit www.reversemortgagepartner.com . 

With so many options out there for a reverse mortgage lender , how does one choose between one or another?  First of all, as with any major decision, it is a good idea to interview a few lenders and find the one that you are most comfortable with.  Research their credentials, read their testimonials and above all carefully listen and compare each reverse mortgage specialist paying close attention to what they know and what they say.  Make sure they are providing you with different options to meet your specific needs, as opposed to  steering you into a particular product.  Lastly, look for the security of working with a bank instead of a mortgage broker.  Working with a bank that is FDIC insured gives greater assurance that you will receive the best possible deal. For more information on reverse mortgages and to obtain your options from a FDIC bank, visit www.reversemortgagebenefit.com .

Top Ten Things to Know if You're Interested in a Reverse Mortgage - HUD Click on the Reverse Mortgage Calculator to find out how much you can qualify for.

Recently, Met Life announced that they would no longer be implementing their reverse mortgage financial assessment restrictions on their borrowers.  The short lived policy was in effect from November 2011 until January 2012, and caused many seniors to turn to other reverse mortgage lenders who are less stringent.  Most would agree that Met Life's policy was over the top and disqualified many borrowers who were fully capable of qualifying for a reverse mortgage .  However, the consensus of the reverse mortgage industry agree that changes should be made to ensure that we are not creating tomorrow's foreclosure or worsening it for that matter.  For now, seniors can continue to apply for reverse mortgages without having to worry about credit blemishes or income requirements, but look out for changes in the near future. To stay up to date on the latest changes in the reverse mortgage industry, contact: Rick Rodriguez, Reverse Mortgage Consultant 1-877-576-3783 direct toll fr

As of late, we are finding out that more and more seniors are turning to the Internet to provide them with answers on reverse mortgages .  And, if it is not seniors, then it is their sons and daughters doing the research for them.  In either case, the percentage of reverse mortgage inquiries coming through the Internet is astonishing.  As a result, there are more and more companies who are focusing on capturing reverse mortgage  leads through the web and selling leads to reverse mortgage banks.  Some are very good, however there are those who are providing very low quality leads and in some cases reselling the same lead over and over again.  Reverse mortgage providers should be very cautious of the lead companies they buy from and should cross-reference them through various forums (i.e. Reverse Daily on LinkedIn) that share comments on them.