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What else can I help you with?
Where can I learn about reverse mortgage wells?
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.
What are the different types of Home Loan Mortgages available?
There are several different types of home loan mortgages available. Some the many are fixed mortgages, adjustable mortgages, balloon mortgages, and even reverse mortgages. Each has their own benefits and downfalls.
Are you able to take a reverse mortgage to use equity in the down payment of another home while the present home is on the market?
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.
Where can I learn about mortgages?
You can learn about home mortgages at your local bank or credit union. You can go to www.whatismortgage.com That is an informative site that talks about it.
How much of a government guarantee comes with reverse mortgages?
HUD guarantees reverse mortgages as large as 625000$. You can learn all about the program at http://www.hud.gov/offices/hsg/sfh/hecm/hecmabou.cfm.
Are reverse mortgages a safe thing to do?
Reverse mortgages are basically home equity loans. It converts the equity that is in your home into cash. Generally, it is better NOT to do reverse mortgages. There is too much at risk. If you are living beyond your means, cut down on your spending and set a budget so you don't need to take the equity out of your house.
Where can one find information on reverse mortgage quotes?
Reverse mortgages are for homeowners over the age of 62 only and it is based on the equity in a home. You can contact your banking institution/credit union for quotes on reverse mortgages.
What are the alternatives to reverse mortgages?
Some alternatives to reverse mortgages include downsizing to a smaller home, taking out a home equity loan or line of credit, or exploring other financial options such as annuities or selling other assets.
Where can one get a loan for a home?
Home loans are available from banks and credit unions. Such loans can take the form of mortgages, reverse mortgages, or home equity lines of credit, among others.
Does WellsFargo offer training on how does a reverse mortgage work?
No, Wells Fargo doesn't offer training on reverse mortgages. They might be able to explain to you what they are but it's not a class per se. To learn about reverse mortgages visit http://www.aarp.org/money/credit-loans-debt/reverse_mortgages/.
Does the company Wells Fargo offer reverse mortgages?
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.
Where can one go to learn more about reverse mortgage marketing?
The federal web site, hud.gov provides comprehensive information on reverse mortgages. The Reverse Focus is another website specifically about reverse mortgage marketing.
