Are Reverse Mortgages for Everyone?

By
Mortgage and Lending with Academy Mortgage, LLC
Of course not!  Just because you may meet the minimum age requirement of 62 years of age, that  does not mean that a reverse mortgage is right for you.  One of the first questions my clients ask me is "what's the catch"?  Well, there is no "catch", but there are factors to consider.  These include cost of obtaining a reverse mortgage, and how it will affect your overall financial picture.  The only way to answer the question if it is right for you, you simply must speak with a qualified reverse mortgage specialist.  For more information, please visit my site, http://www.acaliforniareversemortgagelender.com/ or call 1-800-355-1211. 
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Rainer
406,159
Sean Allen
International Financing Solutions - Fort Myers, FL
International Financing Solutions

Good post Greg,

Do you do many reverse Mortgages? I know they are becoming more popular.

Sean Allen

Nov 18, 2007 07:47 AM #1
Rainmaker
21,487
Frank Verna
Frank Verna, PA - Jupiter, FL
Broker / Owner
Reverse mortgages can be excellent for the right person, great info
Nov 18, 2007 08:15 AM #2
Rainmaker
285,014
David Matney
Alliance Real Estate - Omaha, NE
Omaha, NE Real Estate | Omaha, NE Homes For Sale
Greg, welcome to the network and congratulations on your first post.
Nov 18, 2007 09:05 AM #3
Rainmaker
114,174
Peg Gilliland
Charlottesville Solutions - Charlottesville, VA
Broker, GRI, CDPE

Greg:

Welcome aboard activerain!  How's your business out in LA.  Brkers in Virginia are slow and slower, traffic-wise.

 

Good luck!

Nov 18, 2007 09:32 PM #4
Anonymous
Thanks for the warm welcome!
Active Rain is the only community that I have joined to such a warm welcome.  Thanks to all!  To answer some of the questions.... yes, business is good.  The popularity of reverse mortgages as a viable and beneficial tool is increasing.  If I can provide any additional information to anyone in the community, don't hesitate to call on me.  Thanks!  Greg Plum, Academy Mortgage, LLC,  www.acaliforniareversemortgagelender.com , 800-355-1211
Nov 19, 2007 10:47 PM #5
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Rainer
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Greg Plum

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