|
This webpage has invaluable information on Reverse Mortgages and how they are helping
tens of thousands of homeowners every month, including detailed improvements to
proprietary insured Reverse Mortgages along with the popular FHA HECM* Reverse Mortgages.
Thank you for seeking out
this informative website to learn more about the positives and negatives of reverse
mortgages. It is important to know
about the advantages and disadvantages of a reverse mortgage as there are always
things to consider, including what exactly the pros and cons are if you are when
considering reverse mortgages. This
webpage along with Stay In Home’s website (Our affiliate Reverse Mortgage Advisor)
will help identify these for you including common myths and misconceptions of reverse
mortgages, as well as providing general reverse mortgage information.
What are HECM Reverse Mortgages and does FHA (Federal Housing Authority) support
them?
Reverse mortgages have been
serving seniors since the early ‘60’s.
The government backed HUD/FHA program was introduced in 1989 under the watchful
eye of AARP. The dangers and pitfalls
of reverse mortgages were corrected and much needed safeguards were put in place.
The FHA insured reverse mortgage is
known as the HECM or Home Equity Conversion Mortgage.
Today, the HECM program is the best, safest and most regulated mortgage product
available for seniors.
Senior Homeowners are pleasantly surprised with all the Reverse Mortgage Options
and Improvements!
Senior homeowners have been
impressed with newly introduced reverse mortgage options such as a fixed rate reverse
mortgage, reverse mortgage for home purchase, increased lending limits, private
reverse mortgages and jumbo reverse mortgages.
Some folks may refer to these reverse mortgage programs as senior reverse
mortgages, senior home loans or even reverse annuity mortgages.
Securing your future retirement and estate planning with Reverse Mortgages
Reverse mortgages have been
used for almost anything imaginable from making financial ends meet each month,
eliminating monthly mortgage payments, increasing retirement income, paying for
much needed home repairs, making home improvements and renovations, medical needs,
in-home care or to just have the security of knowing you have a rainy day fund. Aging in place and continued financial
independence have ranked high in the satisfaction rate of reverse mortgage homeowners.
Home Equity Conversion Mortgages or reverse mortgages can truly change your life,
and in many cases can be used to avoid foreclosure, avoid bankruptcy, and avoid
having to sell your home when you would just rather stay in your home.
To be educated furthermore
on the benefits of Reverse Mortgages, what to stay away from, and then click on
the button below titled “Learn More About Reverse Mortgages”, or fill out the “Request
Information Form” for Free No Obligation Information along with a Free DVD, and
other materials to help you. You can
also use our Reverse Mortgage Calculator that will help assist you in determining
how much money you could qualify for when clicking the button!
|