reno: The Best Deals Are In Las Vegas! Reverse Mortgage Purchases Increase
- 06/21/13 03:11 AM
HECM Reverse Mortgage Purchase Loans Increase With Hot Las Vegas & Reno Housing Markets! A recent article in the Las Vegas Review Journal reports Las Vegas as the most undervalued home market in the U.S. According to Trulia, local home prices are 24% below what's justified by market fundamentals. Also, fewer homes will be underwater allowing more owners the opportunity to sell without a shortsale.
Reverse Mortage purchase loan volume has increased in Las Vegas, Henderson, Reno & Sparks as determined by the number of new reverse purchase transactions processing in my reverse mortgage branch. Finally, real estate agents, at … (0 comments)
reno: Reverse Mortgages Can Save Senior’s Homes From Foreclosure
- 07/21/12 11:43 AM
This morning, I was watching C-Span as I drank my morning coffee. A gentleman from the Association of Realtors was on discussing the housing market. A woman called in and asked about reverse mortgages. She said many seniors are loosing their homes and asked if reverse mortgages can help. The C-Span guest went on to say that when the senior’s home is paid for, they can draw money monthly and ease their financial burden and that it was a good thing. What he failed to mention was, your home doesn't need to be paid off.
The example of a … (0 comments)
reno: Reverse Mortgages Higlighted in upcoming NAR Webinar
- 06/16/12 12:52 PM
More and more, Realtors will encounter reverse mortgages. Either with a listing where a reverse mortgage is to be paid off or using a reverse mortgage as purchase financing. The National Association of Realtors is hosting a webinar on reverse mortgages. It will be held Thursday, June 28th at 3:00 eastern time. For the NAR article and link to sign up for the webinar, click here.
Increase your sales with the reverse mortgage purchase program!
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reno: Realtors and Builders! You need to know about Reverse Mortgages for Purchase!
- 07/21/11 03:17 AM
How would you like to increase the number of your potential buyers dramatically? You can if you understand how reverse mortgages for home purchase works. Identify and inform Seniors about this product that doesn't rely on income to qualify and spread the word, you will increase sales! Seniors want to preserve as much cash as they can for retirement and this financing option allows them to keep at least 50% of the home sale price in the bank and minimize monthly cash flow because they will not have to make mortgage payments. Your knowledge in this area will be appreciated by … (0 comments)
reno: Why Real Estate Agents Need to Know Reverse Mortgage Purchase Guidelines
- 06/02/11 02:20 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)
It's pretty hard to believe that you can get a fixed rate reverse mortgage for 4% interest rate but it's true! Now is a great time to get a reverse mortgage, especially if you have a home valued above the fha maximum claim amount becuase the max claim is currently $625,500 and scheduled to go down to $417,000 on October 1st. So with the incredibly low interest rates and high lending limits, make sure you don't miss this opportunity … (0 comments)
In this blog, I go into detail on reverse mortgage information, through questions seniors and their families ask, industry news and current events, new programs; 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 800-489-0986
maggie@rmstore.net www.ReverseMortgageStore.com
NMLS #279499 Equal Housing Opportunity/ 411500
HECM Reverse Mortgage Purchase Loans Increase With Hot Las Vegas & Reno Housing Markets! A recent article in the Las Vegas Review Journal reports Las Vegas as the most undervalued home market in the U.S. According to Trulia, local home prices are 24% below what's justified by market fundamentals. Also, fewer homes will be underwater allowing more owners the opportunity to sell without a shortsale.
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