Reverse Mortgage

Cala M asked: I am doing a regression analysis for a finance class, and I want to look at variables that influence or relate to the 30-Year Conventional Mortgage Rate… like interest rates of T-Bills or something. I just need suggestions on variables that may affect mortgage rates. Thank you!Content – Members-Only Content for WordPress

unbelievable asked: With a reversed mortgage you can get up to 40% of the market value of your house in cash, if you are over 60 years old. What percentage of interest is calculated on this amount? Is it the same as a first mortgage, or by what is the interest calculated?Content

daisy_77375 asked: I want to buy a house but need help and I want to find a good reputable Mortgage Broker experiened with FHA loans that can help, work, and guide me to what I need to do.Content – Members-Only Content for WordPress

Rothwyn asked: This old man is 89 years old. No money, no pension. This man can’t get a reverse mortgage because he took a home loan to pay medical bills many years ago. He is going to lose his house to foreclosure. He is still healthy, just really old. What kind of assistance can he [...]

Maggie asked: I was hoping to have my friend co-sign a home loan (she is my boss too). I’m sure she’s willing to help me as she mentioned about this before. She owns a home, 2 stores and her credit score is over 650, mine is very low (bad credit). Can I still get home [...]

bag-ten asked: In 03 the economy came back like gangbusters. Did money that seniors had in reverse mortgage equity reserves also benefit from rapidly rising rates? Did those rates go up and by how much? Or did they even go down?Create a video blog

Mary Manteca asked: We have 2 loans and with the interest rates going down, it may be in our best interest to try and refi and have lower payments though most people would tell us to just walk away and buy a cheaper home….Create a video blog

Jen asked: well our price on the house she was getting went up….The mortgage person said if her credit score has not dropped in the last month since I pulled it last time it will not be a problem…Well my grandma also pulled her credit report in the last month through a free credit report [...]

Sambo asked: I have a high interest rate mortgage, but I am current on it. I owe about 90% of the value. Since the gov’t is offering a mortgage refinance plan to lower the rates, maybe I should not make payments for 90 days?Content – Members-Only Content for WordPress

susieq asked: My problem is that we have a contract on our house, the person who offered on the house has submitted all the necessary paperwork to their mortgage company, and has received her commitment letter back from them; however, a closing date has yet to be set. My realtor tells me that the ladys [...]