A reverse mortgage broker is someone who assists to qualify homeowners to borrow money against the value of their home. The mortgage payment is deferred until the homeowner dies or the house is sold.
MetLife Bank provides a lot of great information on reverse mortgages, including how to find a reverse mortgage broker. By simply providing your information, MetLife will send you an informational kit which includes a video.
Many of your large nation banks will offer a AARP reverse mortgage. You may be able to go through a mortgage broker as well who can help you navigate the application process and offer competitive rates.
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.
In order to get more in depth or detailed facts about reverse mortgage you will probably want to consult your mortgage broker. They will be able to give you up to date and factual information. Most websites will not give you verified information that you need, but some websites such as hud.gov should help you with any questions you have.
No, the purpose of a reverse mortgage mortgage is to eliminate mortgage payments permanently.
Talk to your mortgage broker, and get in touch with the real estate office, as well as your bank. From there, your broker will be able to provide you with this info.
MetLife Bank provides a lot of great information on reverse mortgages, including how to find a reverse mortgage broker. By simply providing your information, MetLife will send you an informational kit which includes a video.
Many of your large nation banks will offer a AARP reverse mortgage. You may be able to go through a mortgage broker as well who can help you navigate the application process and offer competitive rates.
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.
I think there was no difference between supervised Mort Broker and Mortgage Broker. from the following link you can get the information about total cost of Mortgage Broker au.pfinance.yahoo.com/home-loans/features/online_homeloans/index.html
i am a mortgage broker, i do not believe an illegal alien can obtain a mortgage at all. That is one of the questions on the "respa" documents in all mortgage applications. You are not a good risk for a bank; at any time you can be deported. * For the person to obtain a reverse mortage they would need to be a homeowner with equity. Therefore, it would seem logical that they should speak with their current mortgage lender.
In order to get more in depth or detailed facts about reverse mortgage you will probably want to consult your mortgage broker. They will be able to give you up to date and factual information. Most websites will not give you verified information that you need, but some websites such as hud.gov should help you with any questions you have.
You can find out more about reverse mortgages by contacting a mortgage broker, or by visiting the library. However, here is a little bit of imformation I have found for you concerning "reverse mortgages". First off, you should know that you must be 62 years of age to qualify for a reverse mortgage. You also need to already own your home outright -- no more mortgage payments!
No, the purpose of a reverse mortgage mortgage is to eliminate mortgage payments permanently.
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.
Capstone instutute of Mortange Finance offers mortgage broker training. http://www.capstoneinstitute.com/ I think that your best bet would also be talking to a local Mortgage Broker and seeking their advice.
Yes In the US, no.