Archive for November, 2008
Wells Fargo Reverse Mortgage
Back to basics. Wells Fargo recently updated their reverse mortgage section with the latest definition of what is a reverse mortgage. While they do not list rates on their site, having the basic understanding goes a long way for a senior or loved one looking for basic information. What makes it a “reverse” mortgage? A [...]
How refinancing can be used for Recreational Vehicle Loans
In this guest post, Samantha Stosur gives suggestions for refinancing an RV. Highly relevant for many retirees, whom just last year thought their financial situations were much better than they do today. Samantha is a mortgage specialist, a member of www.mortgagefit.com, the world’s largest mortgage community. She has been writing on different mortgage related topics [...]
First American, First to Score Reverse Mortgages
Scoring and regulation in the reverse mortgage industry is still in it’s infancy. In other words the oh so complicated metrics that traditional mortgages carry have yet to crossover to the reverse mortgage market. First American recently put out a release touting to have the 1st Reverse Mortgage Scoring system. The new loan-level score examines [...]