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Reverse Mortgage Basics
A reverse mortgage is a loan that allows homeowners over the age of 62 to access the equity they’ve built ... Read More »
Reverse Mortgage Information
If you are here to learn about reverse mortgages – we can help. Call us now and ask for Steve. He ... Read More »
Reverse Mortgage Industry News
- Why AAG Sees Potential in the Market for VA LoansLast month, American Advisors Group (AAG) announced the company was adding government-backed Veterans Affairs (VA) loans to its lineup of product offerings, differentiating its offering from the standard VA loan by focusing marketing efforts more specifically on the needs of older veterans. The company says it has staked a unique position in the larger market […]
- FAR Moves to Private Label Servicing for HomeSafe Reverse MortgagesFinance of America Reverse (FAR) will be transitioning to private label servicing for its proprietary HomeSafe reverse mortgage product, as well as conducting direct outreach to its borrowers on matters of account statements and communications. “We are private-labeling so that we can have a more direct connection with our borrowers,” said FAR president Kristen Sieffert […]
- Tappable Home Equity Sees First Decline Since Housing CrashTotal equity on mortgaged properties currently stands at $9.8 trillion, $5.9 trillion of which is tappable. This indicates a drop of $140 billion in the third quarter of 2018, while also illustrating that 272,000 fewer homeowners have tappable home equity available in Q3 when compared with Q2. This is according to a new study released […]