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how a reverse mortgage works: Reverse Mortgage Description, How They Work, Who Qualifies and the Plain Facts - 03/22/12 07:55 PM
 
This booklet provides a simple way to learn about reverse mortgages.  Enjoy!


 

(1 comments)

how a reverse mortgage works: What Exactly Is A Reverse Mortgage & Do I Qualify? - 08/21/11 03:04 PM
 First, let’s review a standard ‘forward’ mortgage.  You borrow money and promise to pay it back (typically monthly & amortized over 15 to 30 years).  You allow a Deed of Trust to be recorded against your property as a security instrument. The deed of trust allows the lender to foreclose if you don’t pay according to the terms.  A reverse mortgage works exactly the same except the terms of how the loan is paid back is different.  Instead of making monthly payments, you let the interest accrue onto the loan balance.  You agree to pay the lender when you move away … (9 comments)

how a reverse mortgage works: Reverse Mortgage Seminar Schedule for Reno Nevada - Reverse Mortgage Purchase Education - 05/17/11 07:00 PM
I will be hosting seminars the first Thursday of every month beginning on July 7th, 2011 and continuing through the year.  Two sessions are scheduled, 10:00 am and 2:00 pm.  Refreshments will be served.
If you own a home you may want to get rid of mortgage payments, or generate monthly payments or a line of credit and free up your cash to make life more comfortable.  Learn how safe and inexpensive a reverse mortgage really is!
This is a great way for seniors interested in purchasing a home using a reverse mortgage in Reno, Sparks, Incline Village or Communities such … (6 comments)

 
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Maggie O'Connell

Livermore, CA

More about me…

American Pacific Mortgage - Reverse Mortgages

Address: 1548 Catalina Ct. Livermore, CA 94550, Livermore, CA, 94550

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


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