reverse mortgage: The next big wave in Mortgage Lending - 11/13/07 03:09 AM
 Reverse Mortgages Are Red Hot
 All yea mortgage brokers take heart!!!  Our parents and grandparents may rescue us once again.  That's right, Reverse Mortgage's are now the product of choice for major investment groups like Lehman brothers.  Perhaps it's because there is really no downside to reverse mortgages.  You don't have to qualify the senior for the loan, credit doesn't matter, income doesn't matter. All that matters is the interest rate that is negatively amortizing on the loan, and how many of these programs you can sell.   It's easy money for the banks, because they just package these loans as long term … (3 comments)

reverse mortgage: How to enjoy your Golden Years...Stress Fee and with more dollars in your pocket!! - 09/21/07 10:19 AM
Then you may want to speak to a licensed mortgage loan officer that has a strong emphasis in retirement planning.  Few seniors understand reverse mortgage products, and many figure they can barely survive on social security and therefore do not take advantage of higher end Medicare supplemental programs that could save them thousands of dollars a year.
The average senior citizen who is 65 and on Medicare will be contacted by an insurance agent in regards to acquiring additional supplemental insurance.  There are many companies that sell supplemental, and with the ever increasing costs of doctor services, mental health care, and rising … (0 comments)