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A reverse mortgage is a type of loan for homeowners who are 62 years old or older. Instead of making monthly payments to the lender, the lender pays the homeowner. The loan is repaid when the homeowner moves out, sells the home, or passes away. Interest is added to the loan balance over time. Reverse mortgages can be a way for seniors to access the equity in their homes without having to sell the property.
What else can I help you with?
Does WellsFargo offer training on how does a reverse mortgage work?
No, Wells Fargo doesn't offer training on reverse mortgages. They might be able to explain to you what they are but it's not a class per se. To learn about reverse mortgages visit http://www.aarp.org/money/credit-loans-debt/reverse_mortgages/.
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.
Can you explain how reverse mortgages work in California?
A reverse mortgage in California is a type of loan for homeowners aged 62 and older that allows them to convert part of their home equity into cash without selling their home. The loan is repaid when the homeowner moves out, sells the home, or passes away. Interest accrues on the loan balance over time.
What do you do when you received a reverse mortgage the lender states it is a refinance?
Until just recently ALL reverse mortgages were refinances. Recently we have been given the ability to use them for purchases. Check your paper work carefully. If you still need assistance, contact a HUD approved HECM counselor.
Explain special relationship between banker and customer?
Bankers and customers work together to do financial transactions. A good banker will help a customer secure mortgages, balance accounts, and maintain a good relationship with the bank.
Does WellsFargo offer training on how does a reverse mortgage work?
No, Wells Fargo doesn't offer training on reverse mortgages. They might be able to explain to you what they are but it's not a class per se. To learn about reverse mortgages visit http://www.aarp.org/money/credit-loans-debt/reverse_mortgages/.
Where can I find basic information on the best reverse mortgages?
Sites like hud.gov and aarp.org have various articles with plenty of details explaining what they are and how they work, such as the top 10 things to know about reverse mortgages.
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.
Can you explain how reverse mortgages work in California?
A reverse mortgage in California is a type of loan for homeowners aged 62 and older that allows them to convert part of their home equity into cash without selling their home. The loan is repaid when the homeowner moves out, sells the home, or passes away. Interest accrues on the loan balance over time.
Does a reverse mortgage work for a government loan?
To get a reverse mortgage, ALL of the following must be true: * The borrower is 62 years old or older * The borrower owns their home outright - No mortgages associated with the property - No home equity loans associated with the property - No home equity lines of credit associated with the property * There are no liens associated with the property All reverse mortgages are government approved as they are defined as a government mortgage product.
How do you get the video clip to work as well as the sound?
Question is too vague and does not explain the problem you are experiencing in enough detail for anyone to help. Please restate the question in better detail.
What line of business does a trainee mortgage advisor work in?
They work in the business line. They usually help with advising other people's mortgages. They give them information on their mortgages and say possible things that they can do for their mortgages.
Explain in detail the work which Isaac Newton carried out on the serparation of light?
i dnt know it im trying for answer bt are u from UCTC cuz i have this home work :)
What do you do when you received a reverse mortgage the lender states it is a refinance?
Until just recently ALL reverse mortgages were refinances. Recently we have been given the ability to use them for purchases. Check your paper work carefully. If you still need assistance, contact a HUD approved HECM counselor.
What did Scrooge do for work?
He was a money lender, primarily managing mortgages.
How do you bore a 350 Chevy motor?
Go to a local machine shop that does engine work. They will explain the procedure for boring an engine in detail. This is where you will have to go to get your engine bored.
Explain special relationship between banker and customer?
Bankers and customers work together to do financial transactions. A good banker will help a customer secure mortgages, balance accounts, and maintain a good relationship with the bank.
