Localreverse.com by Group One Mortgage, Inc. is a fully licensed mortgage lender in the State of Florida. Since 2004, we’ve helped many Florida Homeowners through the reverse mortgage process. Our experts will take the time to answer all your questions, explain your options in detail and help you design a reverse mortgage that meets your.
Benefits of Reverse Mortgages – Mortgage Payments optional reverse mortgage programs have been rapidly growing in popularity in recent years, and today hundreds of thousands of homeowners are using reverse mortgages to improve their quality of life for their retirement years.
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· Return of the Non-FHA Reverse Mortgages are Here! November 22, 2013 By Michael G. Branson 11 comments If you’re in the market for a loan that can convert your home equity into cash flow or a line of credit in retirement, chances are you have explored the option of a reverse mortgage .
American Advisors Group (AAG) is the largest reverse mortgage lender in the United States (as of 2016). Founded in Irvine, Calif. in 2004, it is licensed to do business in 48 states and has been approved by the Dept. of Housing and Urban Development (HUD) to do business in 81 separate geographical areas.
What is a Reverse Mortgage Reverse mortgages were conceived as a means to help people in or near retirement and with limited income use the money they have put into their home to pay off debts (including traditional mortgages), cover basic monthly living expenses or pay for health care.
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Reverse mortgages are complex, often confusing financial products. If you or an elderly relative are even considering one, it’s important to know all of the risks and pitfalls beforehand. With that in mind, we’ve created this list of facts to help you understand what can really happen if you take out one of these loans.
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