Decrease In The Number of Homeowners Underwater

According to Zillow, the number of U.S. homeowners underwater on their mortgages has decreased by more than 40% since 2012.  This obviously signals good news for the housing market and homeowners looking to refinance and buy homes.  The negative equity rate has been cut in half since 2012 in some of the hardest hit markets such as Miami, Atlanta, Detroit, Riverside, and Las Vegas.  In the reverse mortgage industry, we have seen volume pick up in areas such as Las Vegas now that more homeowners are able to qualify for a reverse mortgage.

For more information on reverse mortgages and other related topics contact:

Rick R. Rodriguez
Certified Reverse Mortgage Professional, CRMP
NMLS# 473353
Toll Free (877) 500-0454
Local (702) 460-6222