Reverse Mortgage

Mr. Fraser asked: We live in California and want to know about each state. Mostly Florida and California.Content – Members-Only Content for WordPress

mr_and_mrs.x asked: my grandfather is in his late 70′s and is leaving me his property when he dies. he is in good health and i hope he doesn’t ever dies, but one day he will. Anyways, he wants to take a reverse mortgage out on his house. He is looking at over 60 thousand dollars. [...]

GJfromfla asked: My mother has talked to a consultant about a HUD reverse mortgage. She thinks she needs it to help in her retirement. Is it a good deal or a rip-off?Website content

Rebecca A asked: My gram is 63 and is paying her mortgage every month but doesn’t have much else left over. She owes $179,000 on a house worth $210,000 in this market. Is there any alternative to a reverse mortgage where she wouldn’t have to make a monthly payment? She is getting sick and afraid [...]

topcat asked: I am thinking of taking out a reverse mortgage . Should I ?? if so with who?? Any ideas??Content – Members-Only Content for WordPress

solomae asked: do both spouses have to be 62 How much would interest be on a 30,000 loan.Home is paid for want to do home improvementCreate a video blog…instantly.

Farley Z asked: Reverse Mortgagess have been advertised aggressively for some months now, using different Stars as Spokespersons. At one time, I gave some consideration and chose not to obtain one. How has the current conditions affected those who do have one on their property?Content

momkat asked: I will be without a job in 30 days. I will be 65 in May, but can’t collect full Soc. sec. until 65 and 10 months. I’m thinking about a reverse mortgage and would like a couple questions answered if you have done this or are a broker. I know the house is [...]

Grammie asked: I heard, yesterday, that many people have lost their houses by getting a reverse mortgage. I am not planning on getting one myself, but why would they lose their house before they die? How does a reverse mortgage work. I thot I knew. I thot there were no payments to be made It [...]

Loan Officer Tim asked: I’m trying to be one of the “good guys” in this area of business as I have been for the last 10 yrs doing traditional mortgages. I’m looking for straight talk about how to best serve the senior citizens of the U.S.A. and how to find those people who could benefit [...]