January Data Showed The 2nd Highest Reverse Mortgage Volume Since May 2020

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In: Mortgage News

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Last updated on November 22nd, 2021 at 04:27 pmThe Reverse Market Insight (RMI) data showed a 10.8% increase to 4,539 loans for the month of January, this month experienced a surge of Home Equity Conversion Mortgage (HECM) endorsements. May 2020,Continue Reading

Knowing All About Getting A Reverse Mortgage In Retirement

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In: Mortgage News

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Last updated on February 3rd, 2021 at 11:09 amA reverse mortgage allows older homeowners to convert their home equity value into cash.  If you want to increase the amount of money available to fund your retirement, but do not like the ideaContinue Reading

Reverse Mortgage Industry will also benefit from the Feds New Approach to Inflation

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In: Mortgage News

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Last updated on June 24th, 2021 at 04:40 pmAccording to an announcement by Chairman Jerome Powell, the Federal Reserve will be working toward achieving economic stability, maximum employment, and manageable inflation. To this the New York Times said, this signals the Fed will noContinue Reading

Things to Consider if the Value of the Home Drops for Reverse Mortgages

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In: Mortgage News

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Last updated on February 22nd, 2021 at 05:15 pmWhen it comes to reverse mortgages, people are sometimes confused as to how they work. Unlike a traditional mortgage where you make monthly payments on principal and interest, in a reverse mortgage, thereContinue Reading

Could Reverse Mortgage Be a Good Option Right Now?

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In: Mortgage News

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Last updated on February 2nd, 2021 at 02:29 pmReverse mortgage demand is spiking thanks to COVID-19 Thinking about a reverse mortgage? You’re not alone. Demand is soaring. In 2019, there have been only 2,600 reverse mortgages opened per month, consistentContinue Reading

Reverse Mortgage Options Gets Impacted Due to Falling Interest rates

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In: Mortgage News

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Last updated on December 28th, 2020 at 10:53 amFor all of the suffering that the COVID-19 pandemic is causing, it’s also given rise to incredible rates. In fact, the emergency rate of interest cuts by the Federal Reserve System hasContinue Reading