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It's an equity release for people over the age of 62. The person can receive some of their equity instantly, over a set period of time, or over their lifetime. There is also no need to pay every month, but interest will build on the debt.
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∙ 11y ago
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What exactly are reverse mortgage leads?
"Reverse mortgage leads are people who need to refinance their mortgages. Companies get this information, and then sell these peoples numbers to banks that do mortgages."
What is a reverse mortgage lead?
A reverse mortgage lead is where you can get names of people that are interested in getting a reverse mortgage. These leads should already have been screened to meet the criteria for a reverse mortgage.
What is a reverse mortgage market?
Reverse mortgage marketing simply refers to the process of generating leads and making contact with individuals who may be interested in a reverse mortgage. Leads are usually generated from a mailing list, but may be done as a "cold call' as well.
Where is a list of reverse mortgage leads?
Lists of reverse mortgage leads can be found at Red umbrella Project, Caldwell List Company, Brokers Data, Exact Sales Leads, Fidelity Data and Response Maker.
What are some good reverse mortgage leads?
Reverse Mortgage Leads can be purchased online at quite a few different sites. I thought that this information would be free. Leads will cost you money but you can go on to youtube to watch a video for a free lead.
Where can I find information about reverse mortgage fl?
Go to www.floridareversemortgage.com. This site explains both the pros and cons of a reverse mortgage and exactly what it is. This site also has a calculator and assistance number you can call.
Do you still have to pay monthly mortgage if you have a reverse mortgage?
No, the purpose of a reverse mortgage mortgage is to eliminate mortgage payments permanently.
Where can one transfer your mortgage leads?
Various broker websites including Brokermatch, Live Lead Network, Lava Leads, US Mortgage Leads, and Mortgage Leads Direct allow for live transfer of mortgage leads.
How does one go about generating mortgage leads?
There are several websites that helps an individual go about generating mortgage leads. Examples would include Mortgage Leads, Eleadz, and Big Mortgage Leads.
What website offers information regarding reverse mortgage leads?
First, check out the government's informative overview of reverse mortgages at www.portal.hud.gov/hudportal. Another great website for consumers is www.reversemortgage.org.
What are the reverse mortgage scams taking place today?
Yes, there are reverse mortgage scams, as well as regular mortgage scams. You need to be careful who does your reverse mortgage, so you do not get scammed
What is reverse equity mortgage?
a reverse equity mortgage usually refers to a reverse mortgage, also referred to as a HECM loan. (Home Equity Conversion Loan). The key difference between a regular mortgage and a reverse mortgage is that no monthly mortgage payments are due on a reverse mortgage. A reverse mortgage also does not have credit or income requirements because there are no payments due. Qualification is based on age- minimum age 62- the value of the home and its location.
