Sentences with phrase «called reverse mortgages»

Since 1989, the U.S. Department of Housing and Urban Development has worked with private lenders to administer what are officially called home equity conversion mortgages, commonly called reverse mortgages.

These loans are called reverse mortgages and although they've been around for a while, most people haven't heard about them.

Through a home equity conversion mortgage — otherwise called a reverse mortgage — homeowners age 62 or older could obtain a loan that would convert the equity in their home into cash.

Of these, 163,467 were applications for home purchase loans, and 75,541 were applications for mortgage refinance loans, and 7,398 were applications for Home Equity Conversion Mortgages (HECM), which are often called reverse mortgage loans.

One Reverse Mortgage offers a third option called a reverse mortgage for purchase.

One Reverse Mortgage offers a third loan option called the reverse mortgage for purchase.

In the early 1980's, a new loan product called a reverse mortgage was approved to be insured by the Federal Housing Administration (FHA).

There is a product out there that will let you access that value while staying in the home called a reverse mortgage, but there are two concerns.

However, if you call your Reverse Mortgage Professional, they will gather your information and calculate exact numbers.

There is a product out there that will let you access that value while staying in the home called a reverse mortgage, but there are two concerns.

A home equity conversion mortgage (HECM)-- commonly called a reverse mortgage — allows owners to convert this accumulated home equity into cash.

Sometimes called a reverse mortgage.

This new loan type, called a reverse mortgage, allowed the widow to receive her home's equity in cash while continuing to live there without a monthly mortgage payment.

To supplement cash flow during retirement, a growing number of senior homeowners are turning to an increasingly popular financial tool called a reverse mortgage.

A HECM, also called a reverse mortgage, allows seniors to access a portion of their home equity while remaining in their home and maintaining -LSB-...]

Rayford, 92, took advantage of a federally insured loan called a reverse mortgage that allows cash - strapped seniors to borrow against the equity in their houses that has built up over decades.

Virginia Rayford took advantage of a federally insured loan called a reverse mortgage that allows cash - strapped seniors to borrow against the equity in their houses that has built up over decades.

A HECM, also called a reverse mortgage, allows seniors to access a portion of their home equity while remaining in their home and maintaining ownership.1 The process of acquiring a HECM loan is very similar to other types of financing, but prospective borrowers are often surprised to learn that they can not access all of their home equity with a HECM.

In the early 1980's, a new loan product called a reverse mortgage was approved to be insured by the Federal Housing Administration (FHA).

Not exact matches

In 1987, Congress passes an FHA insurance bill called the Home Equity Conversion Mortgage Demonstration, which is a reverse mortgage pilot program that insures reverse moMortgage Demonstration, which is a reverse mortgage pilot program that insures reverse momortgage pilot program that insures reverse mortgages.

To learn more about how a reverse mortgage may help you maximize your social security benefits, request a free eligibility assessment by contacting a licensed loan advisor at 1 [phone] or click here to request a call back.

HUD introduces a new reverse mortgage option called the HECM Saver.

You may have seen Reverse Mortgages, also called Home Equity Conversion Mortgages (HECM), in the news lately.

With my financial situation, I felt it was time to take a chance to call and find out what exactly a reverse mortgage was all about.»

«If you are questioning a reverse mortgage I would tell you to call American Advisors Group and talk to someone like my reverse mortgage professional Richard Hersh,» Ernesto advises.

To set up a consultation and find out if a reverse mortgage is right for you or a loved one, please call 1-866-224-2157.

Orange, Calif. (September 10, 2015)-- American Advisors Group (AAG), the leading reverse mortgage lender in the nation, is pleased to announce it has launched a jumbo reverse mortgage loan, called the AAG Advantage.

«My American Advisors Group reverse mortgage professional Craig Vercnocke called me one day to tell me that they had a new program and that the government had lowered the ceiling on interest rates,» Louis shares.

So what the mortgage optimization does is completely reverse the table, and your income, instead of sitting in a checking account earning zero, is sitting in a home equity line of credit, what's called a HELOC, which is a liquid line against your house.

To learn more about how a reverse mortgage can help you do the same, call American Advisors Group at 1-888-998-3147 and talk to a reverse mortgage professional today.

Failure to pay property taxes and insurance or allowing the home's condition to deteriorate can also cause mortgage lenders to «call» a reverse mortgage loan due and payable.

Give us a call today at 866-948-0003 and experience for yourself why American Advisors Group is undeniably the best lender to serve your reverse mortgage needs.

Luckily, the popular government insured reverse mortgage loan, also called a Home Equity Conversion Mortgage (HECM), is non-rmortgage loan, also called a Home Equity Conversion Mortgage (HECM), is non-rMortgage (HECM), is non-recourse.

Orange, Calif. (May 25, 2016)-- American Advisors Group (AAG), the leading reverse mortgage lender in the nation, has released its jumbo reverse mortgage loan, called the AAG Advantage, to its wholesale partner network in California.

With that intent in mind, Louis called American Advisors Group, and was connected with Craig Vercnocke, who would become his reverse mortgage professional.

When reverse mortgage lenders calculate the amount of loan proceeds that borrowers may be eligible to receive (also known as the Principal Limit), they use what is called the Expected Interest Rate.

If you have a general question about reverse mortgages give us a call Toll Free [phone] or request a quote by clicking here»

For the last few months, the reverse mortgage industry has been preparing for a change called Financial Assessment, which was originally slated to be implemented on March 2, 2015.

Unlike other mortgages, reverse mortgages are called «limited liability» loans because your property is the only source of repayment.

Reverse mortgage loans, including the government - insured version called Home Equity Conversion Mortgages (HECMs), are home loans that enable seniors to access a portion of their home equity without having to pay a monthly mortgage payment.

The option to take a reverse mortgage loan in one lump sum payment is especially problematic, said Jolley, who calls it «a recipe for... disaster.»

It's called a Home Equity Conversion Mortgage (HECM) for purchase, and is sometimes referred to as a reverse mortgage purchaMortgage (HECM) for purchase, and is sometimes referred to as a reverse mortgage purchamortgage purchase loan.

For help in determining which type would most benefit you, call American Advisors Group at 1-888-998-3147 and speak with one of our knowledgeable reverse mortgage professionals.

From the first phone call enquiring about a Reverse Mortgage, to the final closing, our experience was genuinely surprising.

If you're 62 or older and call Massachusetts home, you may want to consider a reverse mortgage.

If you are ready to find out how much money you may be able to get from a reverse mortgage and learn more about this flexible retirement planning tool, call American Advisors Group at [phone].

The FHA reverse mortgage program — what HUD calls Home Equity Conversion Mortgages (HECMs)-- is producing massive losses and the idea of record endorsements must pain HUD officials.

FHA reverse mortgages, also called home equity conversion mortgages (HECM), provide homeowners 62 and over with a method for paying off existing mortgages and drawing on remaining home equity.

Most reverse mortgage loans come with a period called «the right of rescission,» similar to a «cooling off period.»

To learn if a reverse mortgage might help you and your parents cover possible future care costs in retirement, call a knowledgeable reverse mortgage professional at American Advisors Group at 1-888-998-3147.