The Best Reverse Mortgages

Texas has approved the HECM Purchase Program which should be ready for implementation in the first quarter of 2014.  There will be additional disclosures the State is requiring each lender to provide borrowers including a 12 day type of rescission notice at closing to give the borrower time to decide whether to move forward or not. We specialize in the HECM Purchase Program.  Contact us and we can help you in 48 states including Texas. Rick Rodriguez Production Manager Proficio Mortgage, a subsidiary of Proficio Bank (877)576-3783 rrodriguez@proficiomortgage.com www.reversemortgageproficiobank.com Read more:   http://reversemortgagedaily.com/2013/11/25/new-texas-reverse-mortgage-disclosures-take-effect/?utm_source=Reverse+Mortgage+Daily&utm_campaign=cf7f0fea51-rmd_daily_email_11_26_1311_25_2013&utm_medium=email&utm_term=0_48b4357284-cf7f0fea51-21285

With recent changes to the HECM Reverse Mortgage program , the reverse mortgage community is asking more than ever when will a proprietary product enter the marketplace?  It will take educating the investment community that reverse mortgage securities are sound.  But educating mainstream media about reverse mortgages is nothing new to us:  we have been educating people for numerous years now and everyday we continue to educate.  At the moment, there is talk that 2014 may bring with it a proprietary reverse mortgage product.  Now we just need to wait and see.   Rick Rodriguez Production Manager Proficio Mortgage, a subsidiary of Proficio Bank (877)576-3783 rrodriguez@proficiomortgage.com www.reversemortgageproficiobank.com Read more:   http://reversemortgagedaily.com/2013/11/25/reverse-lenders-say-time-is-now-for-new-proprietary-products/?utm_source=Reverse+Mortgage+Daily&utm_campaign=cf7f0fea51-rmd_daily_email_11_26_1311_25_2013&utm_medium=email&utm_term=0

The HECM For Purchase Program (aka Reverse Mortgage Purchase Program) is still not widely understood by seniors, realtors and home builders.  This program will help more senior homeowners qualify to purchase a home, while helping to increase their cash flow. We are working with realtors, home builders, financial planners, CPA's, attorneys and other professionals to educate them on reverse mortgages and the HECM For Purchase Program. For more information on this program and other reverse mortgage topics contact Rick Rodriguez at Proficio Mortgage .  He is the Production Manager in the Reverse Mortgage Division and he can be reached at (877) 576-3783 or rrodriguez@proficiomortgage.com.

Florida will soon be helping seniors with reverse mortgages who are struggling to make their property taxes and homeowner's insurance payments.  This will help senior homeowners get caught up with the loan servicing company and avoid foreclosure.  The announcement was recently made in the The Palm Beach Post:   http://blogs.palmbeachpost.com/realtime/2013/11/11/reverse-mortgage-aid-for-fl-seniors-to-be-announced/ For more information on this and other reverse mortgage topics, contact Rick Rodriguez at Proficio Mortgage.  He is the Production Manager in the Reverse Mortgage Division and can be reached at (877) 576-3783 or rrodriguez@proficiomortgage.com.

The citizens of Texas voted on November 5, 2013, and unanimously approved to have all FHA reverse mortgage products allowed in the state.  This will now allow the HECM For Purchase program (aka reverse mortgage purchase program) to be made available for those seniors looking to purchase a home with a reverse mortgage loan.  The HECM For Purchase is a great way for seniors to qualify to purchase a home and increase their cash flow for retirement. Request a free brochure on the product by contacting Rick Rodriguez, Proficio Mortgage, at (877) 576-3783 or rrodriguez@proficiomortgage.com.

Industry leaders agree that the reverse mortgage program is still a very untapped product with much potential for future growth.  Reverse Mortgage Daily published an article discussing the future of the product at:  http://reversemortgagedaily.com/2013/11/06/reverse-mortgage-growth-hasnt-even-scratched-the-surface/?utm_source=Reverse+Mortgage+Daily&utm_campaign=76d2e760a0-RMD_Daily_Email_11_7_1311_6_2013&utm_medium=email&utm_term=0_48b4357284-76d2e760a0-21285 For a private consultation, contact: Rick Rodriguez Production Manager Proficio Mortgage 877.576.3783 toll free rrodriguez@proficiomortgage.com  

FHA has announced that they will be extending the implementation of the financial assessment changes which were initially set to begin on January 13, 2014.   http://reversemortgagedaily.com/2013/11/04/fha-to-extend-reverse-mortgage-financial-assessment-start-date/?utm_source=Reverse+Mortgage+Daily&utm_campaign=0ec18bbda3-RMD_Daily_Email_11_5_1311_4_2013&utm_medium=email&utm_term=0_48b4357284-0ec18bbda3-21285