colorado: Types of Homes that Qualify for a Reverse Mortgage
- 02/27/08 01:47 PM
While typically a reverse mortgage is done on a single-family detached residence, several other property types may be eligible. This little known fact can allow many more senior homeowners to reap the benefits of a reverse mortgage. The important thing to remember is that no matter what type of property, in nearly every case it must be the primary residence of the borrower(s). For example, townhomes (attached units) often qualify for FHA HECM financing. In many instances, condominiums are eligible for FHA reverse mortgage financing, provided they meet certain criteria. Two-to-four unit properties are allowed under the FHA HECM program if they meet … (1 comments)
colorado: Change is in the Wind for Reverse Mortgage Borrowers!
- 01/28/08 01:29 PM
Just in case you have not heard, the reverse mortgage industry is up for a facelift. Some potential new enhancements include increasing the lending limit and reducing the origination fees seniors are required to pay to take advantage of this unique tool that only they are able to access. Seniors may even be able to use an FHA HECM for the purchase of a home! Keep an eye on these changes or contact me for more information. We are Academy mortgage, a california reverse mortgage lender focusing on helping those who may need it most. … (0 comments)
colorado: Reverse Mortgages in Several Additional States
- 12/23/07 02:49 PM
Academy Mortgage is a reverse mortgage lender that assists reverse mortgage candidates in the following states: Colorado, Arizona (AZ-BK090611), California, Tennessee, Kentucky, Florida, New Jersey, Maryland, Delaware, Pennsylvania, District of Columbia, Virginia, North Carolina, and South Carolina. If we can be of any assistance, even to just explain the basics of a reverse mortgage, please call me on 877-240-7020. … (0 comments)
colorado: Reverse Mortgages in Several Additional States
- 12/23/07 02:48 PM
Academy Mortgage is a reverse mortgage lender that assists reverse mortgage candidates in the following states: Colorado, Arizona (AZ-BK090611), California, Tennessee, Kentucky, Florida, New Jersey, Maryland, Delaware, Pennsylvania, District of Columbia, Virginia, North Carolina, and South Carolina. If we can be of any assistance, even to just explain the basics of a reverse mortgage, please call me on 877-240-7020. … (0 comments)
colorado: Reverse Mortgages in Several Additional States
- 12/23/07 02:48 PM
Academy Mortgage is a reverse mortgage lender that assists reverse mortgage candidates in the following states: Colorado, Arizona (AZ-BK090611), California, Tennessee, Kentucky, Florida, New Jersey, Maryland, Delaware, Pennsylvania, District of Columbia, Virginia, North Carolina, and South Carolina. If we can be of any assistance, even to just explain the basics of a reverse mortgage, please call me on 877-240-7020. … (0 comments)
colorado: Are Reverse Mortgages for Everyone?
- 11/17/07 11:39 PM
Of course not! Just because you may meet the minimum age requirement of 62 years of age, that does not mean that a reverse mortgage is right for you. One of the first questions my clients ask me is "what's the catch"? Well, there is no "catch", but there are factors to consider. These include cost of obtaining a reverse mortgage, and how it will affect your overall financial picture. The only way to answer the question if it is right for you, you simply must speak with a qualified reverse mortgage specialist. For more information, please visit my site, http://www.acaliforniareversemortgagelender.com/ or … (5 comments)
While typically a reverse mortgage is done on a single-family detached residence, several other property types may be eligible. This little known fact can allow many more senior homeowners to reap the benefits of a reverse mortgage.;)
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