palm beach county broward county dade county: Reverse Mortgages; what is a proprietary mortgage - 11/01/18 06:09 AM
the British are coming, the British are coming...so said Paul Revere
 
well, the proprietary reverse mortgages are coming doesn't play as well, except that they are, and they will.
so, what are they?
a proprietary reverse mortgage, in essence, is a reverse mortgage product tailored to meet the needs of the Senior population, and to offer many and significant different options than the FHA HECM, the standard bearer in the Reverse Mortgage arena.
are they needed?
Absolutely!
 
well give us some examples why, jay...okay
 
First, we all know that FHA is not necessarily Condo friendly, but proprietary reverse mortgages, in most cases address this and will give access … (0 comments)

 


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