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.
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.
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.
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.
You can find out more about reverse mortgages by contacting a mortgage broker, or by visiting the library. However, here is a little bit of imformation I have found for you concerning "reverse mortgages". First off, you should know that you must be 62 years of age to qualify for a reverse mortgage. You also need to already own your home outright -- no more mortgage payments!
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.
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.
Reverse mortgages are fairly complicated to understand without the help of a financial advisor or a mortgage broker. One's local financial institution is the best and most reliable source of information concerning reverse mortgages.
Yes. If the bank advertises reverse mortgages it must pay for the advertising.
The best place to find information about senior reverse mortgages is to contact your local bank or credit union. If one wants additional information the HUD website provides detailed information about senior 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.
Yes, you can have a reverse mortgage on a condo. However, the condo must be approved by the Federal Housing Administration (FHA) for reverse mortgages. The condo complex must meet certain eligibility criteria set by the FHA.
johnl:www.seniorreversemortgage.com