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Showing posts from January, 2012

Top Ten Things to Know if You're Interested in a Reverse Mortgage - HUD

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.

Reverse Mortgage Financial Assessment

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

Reverse Mortgage Marketing

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.