Real estate blog entries tagged with mortgage payments by David Crisp (Ann Arbor Mortgage)

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Home : Blogs : David Crisp : David Crisp's Blog : Tag "mortgage payments"

mortgage payments: Reverse Mortgages - 08/15/07 03:04 PM

There is a lot of talk about reverse mortgages. What is true and what is false about this program. In this Blog I will try to clear up some common myths and help you, the reader, to have a solid understanding.
A reverse mortgage is a FHA insured, government regulated home loan. Only seniors 62 years old and older qualify. Reverse loans differ from regular home finance in the following ways;
There is no credit requirementsThere is no income neededThere is no asset requirementsYou never make a monthly payment for the life of the loan
The loan is based on two factors;
Your ageThe … (6 comments)

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David Crisp

Ann Arbor, MI

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Ann Arbor Mortgage

Address: 2200 Green Road, Ann Arbor, MI, 48105

Office Phone: (734) 669-5860

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