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Please go to your bank and see if they can help you. You have an established relationship with them and that is the best place to start your search. If they don't provide a reverse mortgage product they should direct you to someone who can. Before you do so, make sure you educate yourself on the pros and cons of reverse mortgage.
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What is one company that offer reverse mortgage quote's?
You can contact any mortgage company or bank or you can call AARP and they will help you to get the quote you are looking for. your phone book is also a good place to look.
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 find information regarding reverse mortgage fees?
One can find information regarding reverse mortgage fees by contacting one's mortgage/insurance/bank provider. The customer service people will help provide the information one needs.
Where can one find a reverse mortgage calculator?
It may help to contact your bank, building society or money service provider. Another way of finding a reverse mortgage calculator is to visit "Reverse Money Calculator" website.
Reverse Mortgage Calculator?
Reverse Mortgage Calculator Use this calculator to help determine the balance of a reverse mortgage. This calculator is specifically designed to show you how the outstanding balance of a reverse mortgage can rapidly grow over a period of time.
What is a reverse mortgage?
A reverse mortgage is a mortgage that is only available to retirees who are over the age of 62. The idea is that the equity on the mortgage is paid out as a lump sum, effectively removing the long time frame usually associated with mortgage payments.
What are some ways to help get a good mortgage quote?
To get a good mortgage quote one should use a price comparison website which will compare all the providers to find one the lowest quote. One can do this with Go Compare, Compare the Market and Money Supermarket.
Where can one find information on how does a reverse mortgage work?
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.
What is a reverse mortgage counselor?
A reverse mortgage counselor is there for you if you need advice or help. What you need to do is get in contact with your mortgage company and ask to speak with a counselor. They will be able to direct you to the correct person to speak with.
Can somebody other than the homeowner live with you if you have a reverse mortgage?
Another person is allowed to live with you even though you have reverse mortgage. You can have the other person help pay the mortgage.
What is a reverse mortgage and where is the best place to find more information about it?
A reverse mortgage is a loan that is taken out that doesn't have to be repaid until you sell your home or the owner of the home passes away. You can go to rvmortgage.org and they will help compare company rates.
Can you have a reverse mortgage on a condo?
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.
