AARP devotes asection of its websiteto reverse loans, their uses and risks. The National Reverse Mortgage Lenders Association is also a good reference andoffers a calculatorto determine the maximum loan amount that you could get, the payment options, and the maximum fees and charges that could...
Posted inAging In Place,Bank Lender,Financing Options,HECM,HUD,MN Reverse Mortgages,Mortgage Broker,Mortgage Lender,Retirement,Reverse Mortgage,Reverse Mortgage Fees,Senior Financing,Senior Issues|TaggedFHAFinances,Financial Planning,Good Faith Estimate,HECM,Home Equity Conversion Mortgage,Minnesota Reverse Mor...
必应词典为您提供National-Reverse-Mortgage-Lenders-Association的释义,网络释义: 全国逆向房贷业者协会;全美反向抵押贷款协会;全国反向抵押贷款协会;
formerly called a Home Equity Conversion Mortgage, or HECM, is 2 percent of the initial $200,000 of the home's value and 1 percent of the remaining value, with a cap of $6,000, according to the National Reverse Mortgage Lenders Association. ...
HUD cautions homeowners that they should not need to hire a paid consultant to find a reverse mortgage lender, because HUD provides a list of HUD-approved lenders. But all loan applicants must obtain HUD-approved, third-party counseling before proceeding, because reverse mortgages are complex and...
“Reverse the Future” What is a Reverse Mortgage? A Reverse Mortgage is a type of home loan that lets you convert a portion of the equity in your home without having to sell the home, give up title or take on a new monthly mortgage payment. It is also known as a HECM. The money...
* Independent Living Resource Center. This nonprofit group also publishes a list of reverse-mortgage lenders and a brief description of alternatives. But unlike the AARP, the center focuses only on California--which means its list tends to be more up-to-date than those offered by other agencies...
Reverse mortgage lenders say that they abide by federal rules, noting that their goal is to avert foreclosures, which can be costly and time-consuming. And used correctly, reverse mortgages can help older homeowners get cash to pay for retirement. Peter H. Bell, president and chief executive ...
You can learn more about reverse mortgages from the AARP. In addition, the names of FHA-insured lenders are available from the Federal National Mortgage Association (Fannie Mae), (800) 7-FANNIE. Created date: 04/16/2013 Related Articles...
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