The Best Reverse Mortgages

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

Zillow.com published a recent analysis on the nation's healthiest housing markets in October.  Of the top- markets, four were in California - San Jose, San Francisco, Los Angeles and San Diego.  The fifth best market belongs to Denver.  Reverse Mortgage Daily provided a summary of the analysis at:   http://reversemortgagedaily.com/2013/12/15/zillow-healthiest-housing-markets-found-out-west/?utm_source=Reverse+Mortgage+Daily&utm_campaign=39d69970bb-rmd_daily_email_12_16_1312_15_2013&utm_medium=email&utm_term=0_48b4357284-39d69970bb-21285 For more information on home values in your area or reverse mortgages , contact Rick Rodriguez, Production Manager at Proficio Mortgage at (877) 576-3783 or rrodriguez@proficiomortgage.com.  You can obtain more at www.reversemortgageproficiobank.com . 

Home prices continue to climb in the second quarter of this year.  The National index grew 7.1% in the second quarter and 10.1% compared to the second quarter last year.  Read the entire article at:  http://reversemortgagedaily.com/2013/08/28/home-prices-continue-to-climb-in-june-up-10-in-q2/?utm_source=Reverse+Mortgage+Daily&utm_campaign=05cf4eb49a-RMD_Daily_Email_8_29_138_28_2013&utm_medium=email&utm_term=0_48b4357284-05cf4eb49a-21285  

Home values continue to increase each month year over year.  A recent article published by Zillow indicates that July 2013 home prices rose 6% over July 2012 values.  That marks the highest annual gain since 2006. Click here to read the entire article:   http://reversemortgagedaily.com/2013/08/20/july-home-prices-reach-highest-annual-increase-since-2006/?utm_source=Reverse+Mortgage+Daily&utm_medium=email&utm_campaign=a1bc9d870b-RMD_Daily_Email_8_21_138_20_2013&utm_term=0_48b4357284-a1bc9d870b-21285

Reverse Mortgage proceeds can be used to make home improvements.  In fact, using a Reverse Mortgage to make home improvements is one of the most popular uses of the program.  As we age in place so do our homes which require updating and renovations to make the home more functional.  A recent survey conducted by Zillow.com shows that 60% of homeowners plan on making home improvements this summer. Check out the blog at:  http://www.zillowblog.com/2013-06-20/survey-60-percent-of-homeowners-will-make-a-home-improvement-this-summer/