Reverse Mortgage Information: January 2011

Riverside - Did you see the Fox News Segment on Reverse Mortgages?

Folks in Riverside may have seen this Fox News segment on Reverse Mortgages. Watch the latest video at video.foxnews.com  

It's worth listening to... Apparently, Fox got it wrong the first go around - good for them to correct their report.

Here is a link to the organization that they refer to at the end of the segment.  The National Reverse Mortgage Lenders Association.

If you want reliable information about reverse mortgages, NRMLA is a great place to start!

 

 

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By Deborah Nance

Your Local Southern California Reverse Mortgage Professional

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3 comments • Deborah Nance, Southern California Reverse Mortgage Specialist • January 29 2011 01:03AM
Riverside Reverse Mortgage Question? Why is HUD taking over my loan?
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Riverside Reverse Mortgage Question? Why is HUD taking over my reverse mortgage? Over time, the loan balance on a reverse mortgage increases. This is due to accrued interest and may also be due to line of credit withdrawals, or payments (loan… more
Corona Reverse Mortgage Question - Who Gets My Home When I Die?
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Corona Reverse Mortgage Question - Who Gets My Home When I Die? Your heirs do! Contrary to the very common myth, the bank does not own your home - you do. A r everse mortgage is just a loan against the home like any other mortgage. The major… more
Question for a Financial or Estate Planner - Would a Reverse Mortgage…
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I heard a story last week from a friend of mine who just flew home from vacation. She had a great conversation with her seat mate on the plane and shared with me this story. The fellow sitting next to her talked about how his 93 year old mother… more
The Perfect Retirement Loan?
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I find one of the most intriguing aspects of the reverse mortgage loan is the line of credit option and it’s growth feature. If a homeowner has a HECM Adjustable Rate Loan, either Standard or Saver, and they choose the line of credit… more
Riverside - Reverse Mortgage Fine Print - Some things you might want…
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Ever yone knows the basics by now - “Senior homeowners and home-buyers over the age of 62 may qualify for a government insured reverse mortgage. Call now for our free video. ” But what are the nuances and how are they helpful or… more