We pride ourselves on being the best source for Correct technical information about all reverse mortgages. Please visit our other site: www.reversemortgagedoilosemyhouse.com to get familiar with Reverse Mortgages and come back here for complex problems and simple answers.
We will take an in depth look at reverse mortgage issues and problems that can arise and direct you to a lender that will meet your needs. If you have a technical issue like a cost to cure or a manufactured home built on leasehold property we would like to offer our guidance to help you meet your goal. We can assist you with the important issues that most brokers won't, like considering a Life Estate, which would allow the heirs to easily Refinance if the owner moves on.
The major changes to the reverse mortgage program can happen at any time. Normally every year on October 1 is a deadline for changes. The limit to the number of HECM's allowed has been extended throughout October of 2013. Please do your research on your lender and make sure they are reputable. Look for the NRMLA Member Logo and get 3 quotes.
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