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Examples
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But with reverse mortgages, borrowers using fixed-rate loans are required to take a lump-sum payment—meaning you have to start paying interest on the entire amount available to you right away, says Lyn Link , a former reverse-mortgage broker in Joplin, Mo., who operates an informational website called Reverse Mortgage Critic .
Reverse Mortgages: Who Needs a Bank? Kelly Greene 2011
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For families who prefer go the traditional route, enough commercial lenders remain, for now, to service the reverse-mortgage market.
Reverse Mortgages: Who Needs a Bank? Kelly Greene 2011
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MetLife will keep its reverse-mortgage division open, ostensibly because it complements other products that it markets to senior citizens.
The MetLife Lesson 2012
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Before talking to lenders, homeowners should consult a reverse-mortgage counselor approved by the U.S.
The Reverse Mortgage Gets a Makeover Anne Tergesen 2011
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Before talking to lenders, homeowners should consult a reverse-mortgage counselor approved by the U.S. Department of Housing and Urban Development.
A Lower-Cost Reverse Mortgage Anne Tergesen 2011
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Proposal aims to protect seniors from reverse-mortgage abuses
Reading Comprehension Among Target Employees At All Time High - The Consumerist 2009
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Proposal aims to protect seniors from reverse-mortgage abuses
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Closing the correspondent business would be the latest step to shed some of the bank's assets from the 2008 purchase of Countrywide Financial Inc. The bank already sold insurance unit Balboa, closed its reverse-mortgage unit and cut wholesale lending, in which loans are bought from independent brokers.
BofA to End Ties to Outside Mortgage Lenders David Benoit 2011
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Proposal aims to protect seniors from reverse-mortgage abuses
3 Steps To Protect Yourself When Making Major Electronics Purchases - The Consumerist 2009
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Matthew Gregory , an Atlanta-based reverse-mortgage consultant at Generation Mortgage, says a 68-year-old client with a $635,000 home near Dallas recently opted for a $300,000 Saver to avoid tapping his savings for a few years.
The Reverse Mortgage Gets a Makeover Anne Tergesen 2011
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