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I can't wait for 2009

2008 was a bit of a mess in a lot of areas. I am optimistic about the new year for myself and for the Reverse Mortgage industry in general.

The (slightly) higher limits and the allowance of Home Equity Conversion Mortgages (HECM's) for purchases and for co-ops (soon?) coupled with the economic downturn and so many more people needing to access the equity in their homes and the fact that there are far fewer options in the forward mortgage world, should make 2009 a great year.

Posted by Michael Pinter on 11/21/2008 07:40 AM

Comments (9)

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9 Comments on I can't wait for 2009

NOV

Elayna Well, I didn't know what your post was about and I had already agreed with you! I did read it and still agree. Best of luck and blessings to everyone in 2009! Thank you!

Elayna Fernandez

Marketing Naples FL

Elayna,

Thanks for the comment.

Michael Pinter

I also can't wait for 2009! It should be a great year!

I too can't wait for next year! Hopefully it should be better, right? Although I DO NOT believe reverse mortgages for 99% of the population!

Kristin,

Thanks for the comment. I'd love to discuss your thoughts on Reverse Mortgages.

Michael Pinter

I am also looking forward to 2009. I did quite a bit of research on reverse mortgages for clients and found that in most cases they were not that great of a deal. With the lower housing prices I would be very cautious but great post.

Dean

Dean,

Thanks for the comment. I would love to discuss what your research showed you. I feel very strongly about the product.

Michael Pinter

Thanks for the helpful information.

DEC

This is a great product, sunrise product not a sunset situation as many things are.

The almost 10 yr low in prices and rates will also cause a boom in the forward mortgage market before long.Let me know if you need and accomplished sales pro in SW Fl. I have been an entrepreneur and selling other financial products and some real estate. -have had number of personal/ business properties all financed and familiar with fannie mae procedures, and credit bureau owner although not mortgage origination itself.

The only way is up at this point. Gee it was not that hard to see where the next leg was (down) when we were at the top of the mountain. Really, it is cyclical and the next leg will be up soon.

Best of luck !

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