Welcome to Reverse Mortgage Information .info |
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Volume of the Federal Housing Administration’s reverse mortgage program, the Home Equity Conversion Mortgage (HECM) grew to $30.2 billion in FY 2009 according to budget documents released earlier this week.... |
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Reverse Mortgage Information by Topic |
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Reverse Mortgage DetailsWarning: Do Not Apply For A Reverse Mortgage Without First Knowing All The Facts & Options. Our Reverse Mortgage Helpline is a service for senior citizens (and their family members). Before you apply for a Reverse Mortgage it is important to important to know the facts such as:
The Reverse Mortgage Process
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Reverse Mortgage ScamsThe number of new HUD Home Equity Conversion Mortgages (HECM) already has increased more in the first months of 2008 than over the previous 3 years. Sadly, along with a reverse home mortgages popularity comes increased opportunities for fraud and scams. Reverse mortgages are different from traditional mortgages in ways that make them attractive vehicles for scam artists. Warning: Be sure you know who you are dealing with and what state licenses they have. Use resources like HUD, and FHA Government Loans .info to check complaint lenders. Reverse Mortgage Myths
What is it about Reverse Mortgages that instills
fear in some Senior Americans? These misconceptions
still exist even when the
American Association of
Retired Persons (AARP)
and nationally syndicated columnists like Robert
Bruss continue to praise them in their literature. |