Brittney Parks's Article in Mortgage

1438 Reverse Mortgage Information: Selling the Home After a Reverse Mortgage
Before getting a reverse mortgage, seniors should take advantage of all the reverse mortgage information available to them. One subject commonly missed by seniors seeking reverse mortgage information is the topic of repayment. While it is true that seniors can defer repayment until they die or sell their home, a reverse mortgage will eventually become due. When this time comes, both borrowers and their heirs should know how to handle this important step in the loan process.
Posted on Jan-12-2012

778 Important Reverse Mortgage News for Potential Borrowers
Reverse mortgages are a popular way for seniors to pay off their home loan, reduce debt, and supplement their income during retirement. The eligibility requirements for these loans are fairly simple. However, reverse mortgages, specifically federally-insured Home Equity Conversion Mortgage loans (HECMs), might be subject to a few important changes. Will these changes affect you? Read on to learn more.
Posted on Nov-06-2011

730 The Importance of Choosing the Right Reverse Mortgage Lender
According to a recent survey conducted by Harris Interactive, 40% of homeowners do not compare different lenders when obtaining a home loan. From this information, it is safe to assume that these consumers are also dropping the ball when it comes to searching for reverse mortgage lenders. Read on to find out why you need to be shopping for a lender, as well as how to begin your search.
Posted on Nov-06-2011

720 What Is a Reverse Mortgage?
In the past ten years, reverse mortgage loans have hugely increased in popularity. In 2009, which was the biggest year for the reverse mortgage, 114,692 loans were used by consumers. This remarkable increase in popularity has many consumers wondering what is a reverse mortgage? Read on for the answer to this complex question.
Posted on Nov-06-2011

743 Reverse Mortgage Information: Understanding the Different Types of Reverse Mortgages
Many consumers are under the impression that there is only one type of reverse mortgage. A reverse mortgage is a loan that allows consumers, ages 62 and older, to withdraw a portion of their equity. While all reverse mortgages work similarly, there are three different types of these loans: single-purpose, private, and government-funded. Are you interested in possibly taking a reverse mortgage? Read on to discover your options.
Posted on Oct-25-2011

682 Reverse Mortgage Information: Are Reverse Mortgages in Danger?
In February 2011, Bank of America made the decision to stop offering reverse mortgages to their borrowers. A few months later, Wells Fargo and SunTrust followed suit. Are reverse mortgages in danger? Read on to find out.
Posted on Oct-25-2011