I found a good article on some of the basics of Reverse Mortgages on Fox Business that I thought was worth sharing. The article was written by Kathryn Tuggle.
With today’s retirees living longer than expected, many of them are turning to other sources of income in their golden years. A buzzword among many seniors is […]

In an aricle on Union Leader, I found some interesting information that is important for those deciding on a Reverse Mortgage that is often misunderstood. The article talks about the city of Derry, New Hampshire and how they were, and not supposed to be, counting Reverse Mortgage payments as income to homeowners. All payments and […]

One recent morning, dozens of elderly and disabled people, some propped on walkers and canes, gathered at Small Loans Inc. Many had borrowerd money from Small Loans and turned over their Social Security beneifts checks to pay back the high-interest lender. Now they were waiting for their “allowance”– their monthly check, minus Small Loans’ cut.
 This […]

Traditionally, Reverse Mortgages have only been available with adjustable interest rates, but having an adjustable interest rate can make some people uneasy.  Recently, however, a fixed rate HECM REverse Mortgage has been introduced which gives senior homeowners the ability to have a fixed rate on their reverse mortgage for as long as they live in […]

I came across an aritcle in the L.A. Times the other day that I wanted to share with all of you that don’t happen to live in L.A. The basis of the article is something that we talk about quite often, and one that  I was glad to see a major news center covering: Security. […]

Innevitably when seniors are looking at a Reverse Mortgage, they want to know how much they can get. This is a great question and one that is very important in deciding on what Reverse Mortgage product is right for you. However, the answer to this question is a bit trickier than how much someone can qualify […]

ReverseMortgageCity.com is proud to announce that the first 4 Reverse Mortgage slideshows have been put up on the Media Center.  The first 4 slideshows are: What is a Reverse Mortgage?, JUMBO Reverse Mortgage Slideshow, What is the FHA HECM?,  and The Fannie Mae Home Keeper slideshow.
To watch these slideshows just browse the Videos and Presentations category […]

A seldom talked about Reverse Mortgage product that may be the answer for you is the Fannie Mae insured Home Keeper. This Reverse Mortgage may possibly allow you to qualify for a higher Reverse Mortgage while still having the benefits provided by an FHA HECM loan.
Take a look at the slideshow and if you have any […]

Once again ReverseMortgageCity.com would like to present the JUMBO Reverse Mortgage Slideshow. Many people live in areas where there home values are higher than the HUD county lending limits, thereby stopping them from qualifying for an FHA HECM loan. Now, with jumbo reverse mortgages homeowners who live in these areas can still take advantage of […]

Following up on our what is a Reverse Mortgage slideshow is our FHA HECM Slide show. This will explain some of the benefits and features of a HECM loan.
This slideshow should answer the following questions you may have:
Who qualifies? What is a HECM? Are the rates fixed or variable? What property types qualify? and more..
If […]