Archive for April, 2008
Tips On Finding The Best Reverse Mortgage Loan
Tips On Finding The Best Reverse Mortgage Loan, It can be a tough, though excellent decision, to get a reverse mortgage loan however, it can be tougher in finding one that best suits your needs. Choosing the wrong product, can cost you thousands of dollars – money you could have spent on improving the quality [...]
Declining Home Values – What Effect Will It Have On Reverse Mortgages?
Declining Home Values – What Effect Will It Have On Reverse Mortgages?, Falling home prices are putting pressure on homeowners across the country. What do the declining home values mean to your Revere Mortgage or your chances of getting one? Many homeowners have seen their equity drop in the last year and it’s likely that [...]
March HECM Production Falls From February Record
March HECM Production Falls From February Record, Home Equity Conversion Mortgage (HECM) figures released by HUD show that 9,663 HECMs originated during March 2008, down 11% from the record 10,913 HECMs endorsed in February The 12-moving average fell from a record high of 9,249 in February to 9,147. On an annualized basis, 109,765 HECMs were [...]