A good place to search for online reverse mortgage is any place which has a good record, interest rate and is fair towards their clients. Best is to see if the place has a good reputation.
A good place to find out more information on reverse mortgages is your local bank/mortgage consultant. Another source of information is the National Council on Aging website.
There is a good website online that lists the best reverse mortgages. You can look at the reviews by going to http://www.thebest-mortgage-rates.com.
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.
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.
Mortgage rate Canada is a good place to inquire about or look up information on mortgage rates in Canada. Syndicate Mortgages is another place to find mortgage rates information for Canada.
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.
You can find the features of a reverse mortgage at www.aarp.org/money/personal/reverse_mortgages/ - . ANother good website is www.reversemortgage.org/Default.aspx?tabid=658
Reverse Mortage Fees (RMF) are basically mortgage fees, backwards! Instead of the bank paying you money, you have to pay the bank money for mortgage. This can be good and bad.
A good thing about reverse mortgage is that it does not have to have any income to qualify. Like the regular mortgage, it doesn't have any monthly loan payments. When your property gets sold, your mortgage will get paid off without any risk.
Yes. The reverse mortgage must however pay off the existing mortgage balance, which means you need some equity to make the qualification work. If there is not enough equity in the home to qualify for a reverse mortgage you may choose to bring in the amount needed to finish paying off the existing mortgage- thus eliminating the mortgage payments for good.
With so many mortgage companies in trouble American Reverse provides great service and good rates. They come highly recommended by those not interested in large corporations.
A reverse mortgage is for older individuals to borrow against their homes. This allows them to not have to sell there home and the bank to make monthly payments to the owner.