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AAG is the #1 reverse mortgage lender in the nation with a 96% customer satisfaction rating. Our mission is to serve & educate our senior community. Contact: Customer Service Send Email
A reverse mortgage is a powerful financial tool that brings peace of mind and security. There is simply nothing else like it on the market. Reverse Mortgage Basics. A reverse mortgage is a special type of home equity loan. All borrowers must be at least 62 years old.
Reverse mortgages are complicated, come with extensive restrictions and requirements, and-under certain circumstances-can be foreclosed. (To learn the upsides and downsides to reverse mortgages, see Is a reverse mortgage or home equity loan better for me?) Read on to learn more about reverse mortgages and when the lender can foreclose.
Reverse Mortgage Guides is a reverse mortgage educational website. Our goal is to help explain many of the pros and cons of a Home equity conversion mortgage (HECM) for homeowners. We publish articles and tools for older Americans who are considering a reverse mortgage and want to become further educated before making a decision.
A. A reverse mortgage is a loan that enables senior homeowners, age 62 and older, How does a reverse mortgage differ from a home equity loan? A. Both a.. Licensed Mortgage Banker: NY, NJ, CT, PA, NC, SC, GA and FL Banking Depts.
Explain A Reverse Mortgage Here are additional ways that a senior could use the proceeds of a reverse mortgage: Pay off a forward mortgage and eliminating the monthly payment that goes along with it. Use a credit line as a means of paying unexpected expenses, protect against loss. Purchase a home using the HECM for.
. Ditech Holding is an independent servicer and originator of mortgage loans and servicer of reverse mortgage loans. Based in Fort Washington, Pennsylvania, the Company services a diverse loan.
Receive multiple quotes for a reverse mortgage and win! What is a reverse mortgage? HECM stands for home equity conversion mortgage. Reverse mortgages allow for seniors to release a portion of the home’s equity to eliminate any existing mortgage payments. HECM’s are unique in that there are no monthly mortgage payments required – no other program has this unique feature.
How Does A Reverse Mortgage Work Wiki How Does a Reverse Mortgage Work? | GOBankingRates – Reverse Mortgage vs. Conventional Mortgage. How does a reverse mortgage work? Unlike a conventional mortgage or home equity loan, an HECM offers a flexible repayment feature so you can better control your monthly expenses and cash flow. No minimum monthly loan payment is required; you can choose to pay as much or as little as you like each month.
The Reverse Mortgage Team is the #1 Company for reverse mortgage loans & Banks/Brokers in Chester County PA & Bucks County. Call the Specialist for Reverse Mortgage Solutions/Counseling & Rates.
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