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News and Features

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....

 

 

 

 

 
 

 

 Reverse Mortgage Information by Topic  

Reverse Mortgage Details

Warning: 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:

  • How much money you qualify for.
  • What Fees Are Allowed By Law.
  • The benefits of a HUD Insured Reverse Mortgage vs. a Non-Insured Reverse Mortgage
  • The New Reverse Mortgage Benefits For Seniors That Congress Just Passed.
  • Call The Reverse Helpline At 800-
    to find out all the information you need to know before you apply for a Reverse Mortgages.

The Reverse Mortgage Process

  • The Application Process
  • What to expect.
  • How long does it take


Reverse Mortgage Scams

The 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.


 

 

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