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A reverse mortgage is compares to a traditional one in that it actually pays the homeowner rather than the homeowner having to make payments. A reverse mortgage is for those that are 62 and older and becomes payable after the homeowners death.

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Q: How does a reverse mortgage compare to a traditional one?
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Where can one get reverse mortgage quotes?

There are many places where one can get reverse mortgage quotes. One can get reverse mortgage quotes at popular on the web sources such as ARRP and Bank Rate.


What is new reverse mortgage and where can I learn about it?

You can not get a reverse mortgage if you already have a reverse mortgage in exsistence. If you do not have one you can go to a few places for help such as; rvmortgage.com and allrmc.com


Where can one compare mortgage offers?

One can compare mortgage offers when one goes to the websites of banks and mortgage companies, provides information and gets quotes. Then one can compare the rates and get the best deal.


Can you get a reverse mortgage if you file bankruptcy?

Yes, a reverse mortgage does not have any credit requirements, however if you are in bankruptcy or filing one you may need court approval to do the reverse mortgage.


What reverse mortgage calculator is the best one?

Opinions vary about which reverse mortgage calculator is the best, but a very good one is the AARP Reverse Mortgage Calculator. It provides estimates for two different reverse mortgage programs to tell you how much money you might receive under the plan.


Your age is 55 Are you eligible for Reverse Mortgage?

No. One has to be over 62 years old to get qualified for Reverse Mortgage.


Where can one find reverse mortgage rules?

Reverse mortgage rules can be found at your local bank and at Consumer Information, Home Guides, Investopedia, Reverse Mortgage Daily and Market Watch.


Where can one reverse their mortgage?

There are a couple of places where someone can reverse their mortgage. The best place to check would be the location or company where you first received your mortgage.


What is the toll-free number for One Reverse Mortgage?

A toll-free phone number for One Reverse Mortgage is 888-786-8654.


Where can one compare rates for a home mortgage loan?

There are many places where one can compare rates for a home mortgage loan. One can compare rates for a home mortgage loan at popular on the web sources such as Bank Rate and Bank of America.


Who provides the best information on a FHA reverse mortgage rates?

Information on reverse mortgage's may be obtained at any mortgage company. One can also request a free reverse mortgage handbook by calling 1 (800) 727 2796.


How is a self certified remortgage different from a traditional mortgage?

A mortgage that is classified and listed as a certified mortgage is different from a traditional mortgage in that one has a fixed rate and the other has a variable rate.