Where can I find a list of the best Reverse Mortgage Lenders?
Anyways, you can find some info and resources about reverse mortgages here including a list of the top rated lenders:
where can I get a list of reverse mortgage wholesale lenders?
National Reverse Mortgage Lenders Association is you are on business side. Http://www.reversemortgagepage.com if you are a consumer.
How can I find a Reverse Mortgage lender?
And how exactly do they work?
A “reverse” mortgage is a loan against your home that you do not have to pay back for as long as you live there. With a reverse mortgage, you can turn the value of your home into cash without having to move or to repay the loan each month. No matter how this loan is paid out to you, you typically don’t have to pay anything back until you die, sell your home, or permanently move out of your home. To be eligible for most reverse mortgages, you must own your home and be 62 years of age or older. More information about reverse mortgages can be found here……
Can a reverse mortgage lender foreclosee on a home while it is still in probate?
Yes, of course, if the estate is not paying them they have every right to foreclose.
how do i find the right reverse mortgage lender?
Don’t even think about it! Negative amortization is NEVER a good idea. Trust me, i deal with people everyday that owe more than their homes are worth because of reverse lending, very low arms that are now coming due etc….
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