This is an excellent idea as it will free you up from a mortgage payment and give you some extra money. A great place to look for rates is www.OneReverseMortgage.com.
Wells Fargo does not offer reverse mortgages. As of June 2011 they released a news segment saying they will no longer offer reverse mortgages. Being one of the leading in reverse mortgages previously it is strange to see why.
Yes. If the bank advertises reverse mortgages it must pay for the advertising.
There are several online websites which provide information about the Wells Fargo reverse mortgages. Reverse Mortgages, American Banker and New America Media are online sources pertaining to Wells Fargo reverse mortgages.
Most reverse mortgages today are government insured reverse mortgages. This simply means its an FHA loan. The FHA HECM program insures the loan to the lenders, provided they follow FHA's guidelines for doing reverse mortgages.
johnl:www.seniorreversemortgage.com
The U.S. Department of Housing and Urban Development has many great resources for people considering a reverse mortgage. The Federal Trade Commission also has a site dedicated to providing information about reverse mortgages. Finally, if you're in the applicable age group, you can also find information of AARP's website.
No, not if both own the real estate. There are age limits for reverse mortgages. You need to consult with a local bank for some details about reverse mortgages.No, not if both own the real estate. There are age limits for reverse mortgages. You need to consult with a local bank for some details about reverse mortgages.No, not if both own the real estate. There are age limits for reverse mortgages. You need to consult with a local bank for some details about reverse mortgages.No, not if both own the real estate. There are age limits for reverse mortgages. You need to consult with a local bank for some details about reverse mortgages.
You can go to http://www.bestreversemortgage.com/ to find information on what banks do reverse mortgages for senions. This site also gives a lot of information regard reverse mortgages and the fraud that is being targeted towards seniors.
Reverse mortgages are becoming increasingly popular and are available to thousands of homeowners ages 62 and higher. To get all the information on reverse mortgages visit http://www.hud.gov/offices/hsg/sfh/hecm/rmtopten.cfm.
Reverse mortgage wells refer to the reverse mortgages that Wells Fargo used to provide, but no longer due. Information on reverse mortgages can be found on a banking website or reversemortgagedaily.com.
California does indeed have reverse mortgages but if you do not qualify there are at least 6 different options that you can go to if you dont qualify.
No. There are strict rules regarding reverse mortgages. You should check out a bridge loan.No. There are strict rules regarding reverse mortgages. You should check out a bridge loan.No. There are strict rules regarding reverse mortgages. You should check out a bridge loan.No. There are strict rules regarding reverse mortgages. You should check out a bridge loan.