https://articleseen.com/rss/rssauthor.aspx?auth=abby reynoldsArticleSeen.com - Submit your quality article for maximum exposureCopyright 2009 ArticleSeenhttps://articleseen.com/Article_reverse-mortgage-information-understanding-reverse-mortgage-counseling_132329.aspxTo qualify for a federally-insured reverse mortgage, also known as an HECM, seniors are required to complete one HUD-approved counseling session. This is one aspect of the loan process that tends to make seniors nervous. The term “counseling” can be a little intimidating. Fortunately, these meetings are much more casual and entirely more valuable than many people automatically assume.Wed, 11 Jan 2012 17:26:41 GMThttps://articleseen.com/Article_everything-seniors-need-to-know-about-reverse-mortgage-rates_132328.aspxAs with any type of loan, a borrower’s interest rate will have a significant impact on his or her reverse mortgage. Reverse mortgage rates affect borrowers’ proceeds and payment options, as well as the overall affordability of the loan. Before pursuing a reverse mortgage, potential borrowers should make sure they understand reverse mortgage interest rates.Wed, 11 Jan 2012 17:24:32 GMThttps://articleseen.com/Article_a-closer-look-at-the-reverse-mortgage-purchase-program_132327.aspxBefore early 2009, seniors were selling their homes, purchasing new properties, and then taking reverse mortgages. This was a long and often expensive process. To accomplish this, seniors were forced to get two separate loans. Not only did they have to sell their original home, but they had to get a conventional mortgage loan and then finally a reverse mortgage.Wed, 11 Jan 2012 17:20:32 GMThttps://articleseen.com/Article_are-reverse-mortgages-safe-discover-whether-seniors-are-in-danger-of-falling-for-a-mortgage-scam_132325.aspxAs many consumers are aware, reverse mortgages have been widely criticized. Critics warn seniors that the industry is wrought with scams, unsavory lenders, and deceptive practices. These warnings have many seniors wondering are reverse mortgages safe? Discover how seniors can protect their reverse mortgage privacy and avoid falling for a mortgage scam.Wed, 11 Jan 2012 17:17:05 GMThttps://articleseen.com/Article_reverse-mortgage-information-regarding-the-hecm-options-available-to-seniors_131043.aspxAn HECM, or Home Equity Conversion Mortgage, is a type of loan insured by the Federal Housing Administration (FHA) that allows senior homeowners to withdraw a portion of the equity in their home. Today, HECMs make up more than 90% of all reverse mortgage loans. The rest of these loans are typically funded by nonprofit organizations and private institutions.Mon, 09 Jan 2012 20:53:59 GMThttps://articleseen.com/Article_reverse-mortgage-faq-important-questions-many-seniors-forget-to-ask_123853.aspxWhile researching reverse mortgage information, most seniors ask the same few questions. Many seniors want to know how to qualify, how much they can borrow, and whether a reverse mortgage is their most beneficial option. These questions, however, are not the only ones that consumers need to be asking. For the answers to several important but less commonly asked questions, consult the following reverse mortgage FAQ.Fri, 23 Dec 2011 22:06:47 GMThttps://articleseen.com/Article_how-a-reverse-mortgage-works_101633.aspxA reverse mortgage is a loan that converts a portion of the equity in one’s home into cash. Getting a reverse mortgage is a huge decision. Before taking action, borrowers should take the time to understand exactly how a reverse mortgage works. Consumers who know how the loan process works will be more equipped to make an informed decision.Tue, 08 Nov 2011 10:39:26 GMThttps://articleseen.com/Article_reverse-mortgage-faq-answers-to-consumer’s-most-important-questions_101631.aspxBy now, most adult consumers have at least heard of a reverse mortgage. Many also know that these loans are a way for retired adults to withdraw a portion of the equity in their homes. Still, the specifics of these loans often leave consumers with many important questions. To gain a better understanding of reverse mortgages, consumers can consult the following reverse mortgage FAQ.Tue, 08 Nov 2011 10:36:18 GMThttps://articleseen.com/Article_what-consumers-need-to-know-before-taking-a-reverse-mortgage_96158.aspxA reverse mortgage is a loan that gives borrowers access to a portion of their home equity.  The funds received through a reverse mortgage can be used to repay a borrower’s mortgage loan, renovate the home, or simply increase a person’s cash flow.Mon, 24 Oct 2011 16:28:37 GMT