As a senior homeowner, mortgage is paid, how can I find out about reverse mortgages?
443393
I would be glad to mail you some information.  I am a loan officer with Griffin Financial mortgage.  We are the largest Reverse Mortgage broker in the Southwest but we are able to do loans within 22 states.  I have a lot of information that I can provide you so feel free to contact me and I will put it in the mail.  You can reach me at bburns@griffinloans.com\nTry starting here. This is the best source on the internet.\nhttp://www.aarp.org/money/revmort/
121446
housing a.k.a mortgage payment
163130
If it's a REVERSE MORTGAGE why don't THEY PAY YOU to close?
1134218
pensioners or not, financing are available as long as the credit score is at par with the bank requirements. it is not a bad idea to search the real estate agents. Some of them have plan for motor homes. some plans are so called no doc, no proof of income so it pays to ask the professional agents.
956326
I can help you find most of that info depending on the state and county, etc.  I don't know if I can find the interest rate and payment but I can definitely find the lenders, etc.  Home owner address and all that is no sweat. . .
89953
go to http://mypay.dfas.mil\n\nGoes straight to finance--even retired
784515
I just saw the same exact post from Uman on another question regarding forex trading.  I think he's just trying to sell something.\n\nIf you're looking for a listing of note holders, you can pay a company to do that, or you can do it yourself by going to the county courthouse and looking at real estate records (this is public info).  Under the mortgage holder, if there is the name of a private individual, then the seller took back a owner financed note.  It takes your time and effort, but it's cheaper than paying someone else to do it.
1180913
Just stay home for a day and answer all incoming phone calls, you'll get a few.\n\nOn a serious note, these guys are selling something\nhttp://www.mortgage-leads.info/
228226
A reverse mortgage uses existng equity in a home, owned by a person or persons over the age of 62, to create a basis for a loan to the homeowner(s).  The loan requires no payment for as long as one of the homeowners lives in the home.\n\nInterest is accrued on the loan, just like a conventional mortgage, and is due upon passing of the last borrower, sale of the home, or if the home is being rented out in part or in full.\n\nIt was created as a means to help seniors live better by allowing them to use the equity in their homes, without selling and movng to less expensive housing.
868386
Go to your bank, find out about home equity loans, you will have to know if there is equity in your house though, also refinancing, you can go to yahoo and find out also google, but your local bank should have something that you can do. or either the mortgage company you are with. give them a call, they should also be able to help you with that.
548156
First try with your mortgage company. Sometimes they have special hardship programs to re-age your account.
106200
you must be on title to do a Reverse Mortgage.  Also, only those on the Reverse may be on title while it is in place.\n\nReverse Mortgages are great options for those with small fixed incomes and equity in their homes.  The borrower can access the equity, never make a payment as long as they live in the home, and maintain full title to the home.\n\nBefore Reverse Mortgages, one would have to sell a home to use the equity without payment - but then they had to buy another home.\n\nUpon the borrower's passing the loan must be settled.  heirs generally have 3 months to decide on a plan, but can get extensions depeding on circumstances.  Sale of the home or refinance are the most common ways to pay off the loan (just like a regualar mortgage) and the remaining equity goes to the estate or heirs etc.
689769
I agree, you need an appraiser.  Info on those websites is mostly based on loan records, and often has highly inaccurate info.  For example, zillow.com shows the value of my house with the amount it was foreclosed on over a year ago because we paid cash for it. and bofa.com shows the same house being 30 years older than it actually is.  None of those sites will have accurate info.  An appraiser will walk the property inside & out, make note of all things that add or detract from the value, and do a comparison of similar properties in the area.
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This is from an article at http://www.reversemortgagepage.com...\nAm I comfortable with the disadvantages of a Reverse Mortgage?\nThis is perhaps the most important question you must ask yourself.  You first must know the disadvantages of a reverse mortgage.  In a home equity mortgage the borrower pays down the debt over a set term, usually 30 years.  Yet, in a reverse mortgage, the borrower builds up debt while they live in the home.  \nIn addition to building up debt, there can be significant up front costs when brokering a reverse mortgage.  If you plan on only taking out a small portion of money or plan on living in your home for only a short time then these costs can push the effective rate on the home up considerably.  \nThe last significant disadvantage of a reverse mortgage is that you leave your heirs with a noticeably smaller legacy.  While this is uncomfortable to discuss, it is something that needs to be discussed by you and your heirs.  When you take out a reverse mortgage, you will have less equity in the home and likewise, the heirs will have a smaller portion of the home’s value.  Also, the longer you live in the home, the more interest builds up, which further lessens the equity you have in the home.\n\nThe answer, I think, is that reverse mortgages do have up-front fees, but are still a good idea in the right situation.
312307
you may want to go to the courthouse to see the houses that are about to go into foreclosure. That way you might be able to negotiate with a motivated seller and get a good deal. All these things are public record so the courthouse might be the first place to look. There you could enquire how to look up these records.
306117
The two main requirements is that you have to be over 62 years of age and have to have a good amount in your home.  Most common reverse mortgage pays borrower a monthly amount (as opposed to lump sum or line of credit).  Payments continue for as long as you live or you refinance.  Amount you receive per month depends on your age, value of home & amount of equity you have.  If you keep loan until you pass away, then your heir must sell home in order to pay back the lender.
969974
Go to www.hud.gov and file a conplaint. HUD will investigate and will bar the lender from conducting further business.