Archive for November, 2009

Zions Bank Reverse Mortgage

General Information
Zions First National Bank is a subsidiary of Zions Bancorporation which operates through over 500 offices and 600 ATMs in 10 Western states: Arizona, California, Colorado, Idaho, Nevada, New Mexico, Oregon, Texas, Utah and Washington. As a full-service bank, Zions offers commercial, installment and mortgage loans; trust services; foreign banking services; electronic and online banking services; automatic deposit and nationwide banking and transfer services; as well as the more familiar checking and savings programs.


PIA-Primary Insurance Amount - Reverse Mortgage Glossary

According to the Social Security Administration:
The PIA is the sum of three separate percentages of portions of average indexed monthly earnings (AIME). The portions depend on the year in which a worker attains age 62, becomes disabled before age 62, or dies before attaining age 62.The PIA is the sum of three separate percentages of [...]