Stewart Information Services Acquires FNC Title Services For Reverse Mortgage Closings

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In: Realtor News

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Reverse mortgage company FNC Title Services has approved the acquisition of Stewart Information Services. The deal, the financial terms of which were not disclosed, represents Stewart’s acquisition of FNC, a national reverse mortgage servicing platform.  They also agreed to holdContinue Reading

Top Pitfalls To Avoid While Closing Reverse Mortgage

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In: Mortgage News

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Closing a reverse real estate loan is a huge opportunity for everyone involved, especially the borrower.  However,  thanks to the generally low penetration rate of the product category compared to the forward portion, sometimes borrowers might not understand the detailsContinue Reading

Is Reverse Mortgage the Right Choice To Pay For Long-Term Care?

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In: Mortgage News

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Someone over the age of 65 needs long-term care almost 7 out of 10 in the future, according to the Ministry of Public Health and Social Services, and many have no savings to cope with the cost of help.  ButContinue Reading

Beware Of Reverse Mortgage Scams

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In: Mortgage News

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Reverse mortgages are retirement plans for homeowners with good home equity. Lately, scammers have been targeting aging seniors to various scams. Let us look at ways to avoid being cheated 1. Selling it as an investment scheme Where a salespersonContinue Reading

This New Type of Reverse Mortgage Would Help Retirees make much more Income

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In: Refinance News

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By design, reverse mortgages are destined to make retirement easier and keep people in their homes. Nelson Haynes, who worked at Deering Savings & Loan in Portland, Maine, is traditionally attributed with creating the primary reverse mortgage back in 1961. Continue Reading

Reverse Mortgage Grows more Desirable To Senior Citizens

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In: Refinance News

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Last updated on November 29th, 2021 at 01:03 pmThe  American Advisors Group’s data from their most recent report has discovered that most older Americans have no plans to sell their home, and those who still currently have a mortgage areContinue Reading

Options For Forward And Reverse Borrowers Added by FHA

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In: Home Equity News

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Additional COVID-19 recovery options have been announced by the FHA to help forward and reverse homeowners who are facing hardships due to the pandemic. FHA’s simplified COVID-19 Recovery waterfall allows servicers to offer homeowners who are unable to resume makingContinue Reading

Is Reverse Mortgage Right For You?

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In: Home Equity News

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If you’re retired and coping with expenses on a fixed income then a reverse mortgage may be tempting.  But looking up closely reverse mortgages may be less appealing. Apart from a number of reverse mortgage scams, lenders too can chargeContinue Reading

Reverse mortgage a better option compared to HELOC for seniors

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In: Home Equity News

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According to a new piece published at financial news website The Street, some homeowners who were looking to unlock the equity in their home found the home equity line of credit (HELOC) to be beneficial, there are other homeowners whoContinue Reading

All You Need To Know About Reverse Mortgage

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In: Mortgage News

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According to a financial advice column published on Wednesday in the Washington Post, for an elderly couple seeking additional cash flow in retirement, a reverse mortgage can come with some benefits, look at the cost and the impact on yourContinue Reading