Why Real Estate Agents Need to Know Reverse Mortgage Purchase Guidelines - 06/02/11 09:20 AM
I see it all the time, a buyer tells their agent they want to make an offer on a home and they plan to use a reverse mortgage for the financing.  The agent writes the offer as usual without considering the special requirements for the reverse mortgage. In this most recent example, six weeks went by before the buyer came to me for help.  They were working with a national reverse mortgage lender who didn't even know the guidelines!  What he learned was, their as-is offer would never work!  Six weeks waisted! 
 
The reverse mortgage purchase program allows senior homeowners … (2 comments)

 
Maggieoconnell_b Rainmaker_large

Maggie O'Connell

Maggie O'Connell

Danville, CA

More about me…

American Pacific Mortgage - Reverse Mortgages

Address: 383 Diablo Rd. #220, Danville, CA, 94526

Office Phone: (800) 489-0986

Cell Phone: (800) 684-9438

Email Me

In this blog, I go into detail on reverse mortgage information through questions seniors and their families ask, industry news and current events, new program & rate options, client stories and experiences and more. From my 20 years experience as a reverse mortgage specialist, I can help guide and educate you and answer the question, is a reverse mortgage right for you and if so, what is the best option with lowest costs, interest rates and payment plan. I am easily accessible and will be happy to talk with you. Maggie O'Connell direct line 800-684-9438. American Pacific Mortgage maggie@rmstore.net www.RMStore.net Cal DRE# 01151456 #01215943 NV #45747 #164 NMLS #279499 #396955 #330948 #1850 Licensed by the Department of Corporations under the California Residential Mortgage Lending Act. Equal Housing Opportunity


Listings

Links

Archives

RSS 2.0 Feed for this blog