Reverse Mortgages And Foreclosure As a reverse mortgage loan officer in California, homeowners who are getting close to foreclosure seek my help almost daily. These Californians have owned their home for the last two to five years while the real estate market was great and the value of their home was rising rapidly. They often got a large mortgage, feeling confident they could afford it for some time and planned to later refinance...... Similar Editorial : What Are Reverse Mortgages by Leebeattie. | Source : Bank Foreclosed House
Required Counseling For Reverse Mortgages In order to determine if a reverse mortgage is appropriate for a given California applicant, a one-time counseling session with a certified agency is required.? In the past, this meant that a senior would drive down to a local consumer credit counseling agency for an hour appointment with a counselor. ?Now, an applicant doesn’t even need to leave home, as most reverse mortgage counseling...... Similar Editorial : What Are Reverse Mortgages by Leebeattie. | Source : Mortgage Calculator Prepayment
California Reverse Mortgages Helping Seniors Stay At Home When asked about the most important issue facing them during retirement, the overwhelming response of many senior citizens is: “I want to remain independent in my home.” ?A National Council on Aging study confirms that 95% of the population aged 65 and above share this sentiment.Reflect on this statement for a moment and you will realize that one of the major underlying requirements for seniors to...... Similar Editorial : California Reverse Mortgages by Kevin Stith. | Source : Mortgage Calculator Prepayment
Reverse Mortgages California: Growing Steadily Seniors who own a home in California have, in general, a valuable asset. Regarded as one of the most desirable states in the union, California has a lot to offer including ample job opportunities and pleasant weather. As most real estate agents will tell you, a desirable location creates strong demand. This strong demand for real estate causes home values to climb faster than other locations and...... Similar Editorial : What Are Reverse Mortgages by Leebeattie. | Source : Mortgage Calculator Prepayment
Reverse Mortgages With Fixed Rates Since the development of the reverse mortgage program by HUD, only adjustable interest rates have been offered.? With the recent news stories spreading fear about the “danger” of adjustable rate mortgages, it is understandable that many seniors have been more than a little hesitant of the reverse mortgage with an adjustable rate.As of about 6 months ago, adjustable rate reverse mortgages for...... Similar Editorial : What Are Reverse Mortgages by Leebeattie. | Source : Mortgage Calculator Prepayment
Reverse Mortgages In Southern California Senior citizens across Southern California are using Reverse Mortgages as a smart way to afford the high cost of living that is common to our region. Social security is not always enough to cover even common day to day expenses such as in home care, prescription drugs, uninsured medical bills, or home maintenance. In addition to helping out with these necessities, many Californians have found...... Similar Editorial : California Reverse Mortgages by Kevin Stith. | Source : Mortgage Calculator Prepayment
Reverse Mortgages In America Seniors across the state of California have begun taking advantage of reverse mortgage programs more and more over the past 5 years.? This increase in the popularity of the reverse mortgage is no surprise for those seniors that have been looking for viable ways to experience a more financially secure retirement. ?The funds seniors receive through reverse mortgage programs are often used for such...... Similar Editorial : What Are Reverse Mortgages by Leebeattie. | Source : Mortgage Calculator Prepayment
