Before applying for a reverse mortgage, you are required to attend a 3rd party counseling session. The U.S. Department of Housing and Urban Development (HUD) sponsors housing counseling agencies throughout the country and counseling is available in many languages. Participating in the…
The Initial Consultation The first step in the process begins with an initial consultation which can be very informational. During the consultation we will discuss how a reverse mortgage works, discuss your specific options in detail and answer all your…
What is a HECM Reverse Mortgage Purchase? Yes, you can buy a home with a reverse mortgage. Many qualified home buyers and even real estate professionals are learning about the features of the reverse mortgage purchase. If…
Although a Reverse Mortgage does not require a monthly mortgage payment, it does NOT eliminate other monthly housing expenses such as taxes, insurance for homeowners and maintenance. In the past, some borrowers that have received Reverse Mortgages, have later fallen…
1 The lender will own my home. When entering into a Reverse Mortgage the borrowers retain title to the property as long as they continue living in the home. The lender only has a lien attached to the property. 2 Any…
Group One Mortgage is Headquartered in Palm Beach County, with a Reverse Mortgage Team specializing in reverse mortgage loans. Our experts work with reverse mortgage applicants from application to closing on their reverse mortgage. How are reverse mortgages are being…
Eligible Reverse Mortgage ? Another great article from Forbes covering Reverse Mortgage eligibility. This Forbes article contains great information that covers the basic eligibility requirements for HECM Reverse Mortgages. Posted on Forbes by Wade Pfau The…
Request a Personalized Quote! Forbes Article Posted by Wade Pfau. Why Reverse Mortgages bad reputation may be misleading, is it all hype or can these loans really help senior borrowers? This great Forbes article covers just that! Before discussing…
Hello, I'm Mark Daly a loan originator(NMLS#317641) LocalReverse.com by Group One Mortgage. Recently I had a customer who was faced with foreclosure. She had lost her husband to cancer, she also lost his income and was horrified to…
Reverse Mortgage FAQ Question & Answer... Q: What is a reverse mortgage? A: A reverse mortgage allows you to borrow against the equity you’ve established in your home. To be eligible, you must be age 62 or older and have enough equity…