Archive for December, 2008

New Reverse Mortgage Calculator

Friday, December 12th, 2008

Increased Reverse Mortgage lending limits! Older homeowners can now borrow up to $417,000 with federally insured reverse mortgages.
Now is the perfect time to see how much YOU qualify for. Use or free and easy online reverse mortgage calculator. It only takes a few minutes of your time to see how much cash a Reverse Mortgage [...]

More seniors considering a Reverse Mortgage

Friday, December 5th, 2008

With the economic crisis hitting everyone, many seniors are considering taking a reverse mortgage. The days of quick refinances and plentiful home equity lines are a thing of the past.
Seniors took out 112,100 Home Equity Conversion Mortgages, a government-backed reverse mortgage, in fiscal year 2008, which ended September 30, up from 107,558 in 2007, according [...]