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refinance: Above All Else, Serve The Client - 01/16/08 11:49 AM
A couple months ago, I was going through my files of people who had gotten a reverse mortgage in the past. I came across a lady, I'll call her Mrs. A. I noticed that she had gotten her reverse mortgage several years ago, when the lending limit in her area was considerably lower. Also, since she got her original loan, several new reverse mortgage products have been released. I ran the new numbers and found that she could potentially benefit greatly from a refinance with a new reverse mortgage. When I called Mrs. A, she was particularly concerned with making sure … (4 comments)

refinance: Refinancing a Reverse Mortgage: Success Upon Success - 01/08/08 04:03 PM
Last night I had the privilege of speaking with a very nice couple, to whom I will refer as Mr. and Mrs. G. They obtained a reverse mortgage loan back in July of 2001. At the time, their home was appraised at $415,000, and the federal lending limit in their county was $239,250. The full amount of their benefit was just under $150,000.
Fast forward to today. They are now 80 and 79 years old, respectively. Their home is currently valued, conservatively, at over $650,000. The federal lending limit in their county is nearly $130,000 higher than it was when they … (3 comments)

 

Corey Matelli

San Jose, CA

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Reverse Mortgage Company

Office Phone: (408) 689-1235

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