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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.
What else can I help you with?
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.
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 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.
What is reverse mortgage and how can you get it?
Reverse mortgage is a loan given to homeowners aged 62 years and above to help them convert part of the equity in their home into cash and you can get it only if you own a home.
Where can one find information regarding reverse mortgage interest rates?
You can find information about reverse mortgage interest rates from various sources, including: Lenders' Websites: Many reverse mortgage lenders provide information on their websites about current interest rates for their loan products. These websites often have tools or calculators that can give you an idea of the rates available to you. Financial News and Magazines: Financial news websites, magazines, and publications often provide information and updates on mortgage rates, including reverse mortgage rates. Look for reputable sources such as Bloomberg, CNBC, or The Wall Street Journal. Government Agencies: Check websites of government agencies like the U.S. Department of Housing and Urban Development (HUD) in the United States, which provides information on Home Equity Conversion Mortgages (HECMs), a type of reverse mortgage, including current interest rates. Mortgage Rate Comparison Websites: There are websites that specialize in comparing mortgage rates, including reverse mortgages. These sites allow you to compare rates from different lenders in one place. Mortgage Brokers and Financial Advisors: Mortgage brokers and financial advisors can provide information on reverse mortgage interest rates and guide you through the process. They may have access to rate information and can help you understand how rates apply to your specific situation. Reverse Mortgage Counseling Agencies: HUD requires prospective reverse mortgage borrowers to receive counseling from approved agencies. These agencies can provide information on interest rates as part of their counseling services.
