I just heard of a company in Austin TX, that at best is doing questionable things, and is being sued for fraud. A Reverse Mortgage 'consultant agency' advised a senior homeowner to contract with a company to do repairs on his home, and then gave the impression that he could likely get a Reverse
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09/27/2007
I must say, I just saw the news (Reuters, reporting) about Countrywide CEO Angelo Mozilo stating Countrywide is planning on adding 2000 jobs AND rolling out 50-year sub-prime loans as well as Reverse Mortgage products. The Reverse Mortgage products, I can see somewhat, but it would almost seem th
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09/27/2007
I saw a blog this morning, outside of AR, where the blogger felt Reverse Mortgages are predatory lending, and contributing to the economies problems, down the road anyway. Obviously, from my previous posts, you should be aware that I feel Reverse Mortgages are a great thing. Now, I would say th
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09/27/2007
For those of you that do not know the area, it is a rich historic area this is a terrific place to raise a family. The school district, Central Bucks, is one of the finest in Pennsylvania. This area is rich in history! Bucks County is famous nationwide for its historic sites, including the Mer
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09/23/2007
One of the factors many do not realize, interest rates do effect Reverse Mortgages, besides how fast or slow the balance increases over time. It is one of the factors that effects how much the borrower can borrow against their equity. So, the lower the interest rate, the more they can borrow in
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09/22/2007
Yesterday, I received an Email from one of my clients [Signing Service]. It explained the following loan signing experience from the title companys' and Notary Signing Agents' perspective. [NOT ME, but it easily could have been me] Closers perspective: I want to explain to you what happene
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09/22/2007
Are you trying or wanting to buy or sell a home in the historic Central Bucks area, near Warminster, Warrington, and Doylestown Pennsylvania area? This area is rich in history! Bucks County is famous nationwide for its historic sites, including the Mercer Museum, Washington Crossing Historic Park
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09/21/2007
Do you have a relative over 62, or know a senior struggling on fixed income? Are they refinancing or getting a Home Equity Line of Credit? Do you feel Reverse Mortgages are too costly? If you answer yes to any of these questions, look into the FHA HECM Reverse Mortgages! You will find their c
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09/21/2007
I am not necessarily trying to promote Financial Freedom (subsidiary of IndyMac Bank, F.S.B), but it is great to see another great HECM Reverse Mortgage product hit the market - Fixed Rate Reverse Mortgage. It will likely be one of the few Reverse Mortgages that will be more popular on the secon
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09/20/2007
Do you live in the Southwest Florida area, specifically in Bradenton or Sarasota area? Would you like to give informational speeches? While it would not be you advertising, although you do get to say a little about what your business is, you would be giving informational speeches around the Sar
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09/20/2007