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Today in Reverse: Insight in the Reverse Mortgage Industry

It's been a great month in reverse mortgage. My company is expected to close well over 100 loans in October.

Reverse Mortgage is very gratifying work, as each day I am able to enjoy helping seniors understand how the federal government had created a program to help them stay in their homes for the rest of their lives.

Many seniors think that the FHA HECM or Home Equity Conversion Program is too good to be true. There is no other program out there that gives seniors the financial flexibility, security, and peace of mind.

There are non-fha programs available for seniors in higher value homes that can also be just as valuable to help seniors keep living the lifestyles that they are used to, without having to "downsize" their living situations.

Posted by Ted Butler on 09/25/2007 10:15 PM

Comments (4)

reverse mortgage, senior issues, senior reverse mortgage, fha reverse mortgage, hud reverse mortgage

4 Comments on Today in Reverse: Insight in the Reverse Mortgage Industry

SEP

2007

Ted, neat stuff.

SEP

2007

Over a 100 loans? That's awesome. Must be a big company.

SEP

2007

Ted: I have been very interested in learning all about Reverse Mortgages. A large part of my market are baby boomers, who buy here to have their vacation, second home or future retirement spot. I have written a blog on Reverse Mortgages after attending a very informative workshop. You may know this, but if you go to search and select bogs and type in Reverse Mortgage, there are quire a number of blogs on Active Rain about the subject. Looks like Reverse Mortgages are going to come on strong in the coming years and Fractional Ownership is a new twist on an old concept.

MAR

2008

I hope originators don't exploit homeowners with reverse mortgages. A reverse mortgage is NOT for every senior homeowner with financial needs. Let's not make this the NEXT financial fiasco!

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