Reverse Mortgage Lenders

ConsumerMan: Beware of reverse mortgages

“Isn’t it time you started to enjoy retirement your way?” asks actor Henry Winkler in the television commercial for a San Diego reverse mortgage company. “It’s a government insured loan that turns your home’s equity into tax-free cash that you can use for anything.”

Maverick Funding Corp. Announces Additional Growth for Reverse Mortgage Network Subsidiary

Former Great Oak Funding CEO Joshua Shein to join Maverick, launch new Maryland branch of RMNParsippany, NJ (PRWEB) February 07, 2012 Maverick Funding Corp. today announced that 27 employees, including 13 reverse mortgage loan officers and former CEO Joshua Shein, from Baltimore-based Great Oak Funding, are joining its subsidiary, Reverse Mortgage Network, headquartered in Parsippany, New Jersey ...

Reverse mortgage may be best option for elderly homeowner

A reverse mortgage would enable an 82-year-old woman who needs cash to tap the substantial equity in her home. Dear Liz: My healthy and active 82-year-old mother is faced with having to sell her home this year because she's running out of money. She has lived a very minimal lifestyle for many years as her savings dwindled, and her income is now basically Social Security. She owes $25,000 on a ...

Boomers' $3 Trillion Nest Egg

An important issue facing aging boomers is if -- and how -- to use their home equity to help secure their retirement.

Who Should Do a Reverse Mortgage?

Reverse mortgages allow homeowners of a certain age to draw down on their home's equity in exchange for cash--but it's not always the best financial decision for everyone.

Mortgage Rates Reverse Course on Positive Housing Data

McLEAN, Va., Jan. 26, 2012 /PRNewswire/ -- Freddie Mac (OTC: FMCC.OB - News) today released the results of its Primary Mortgage Market Survey ® (PMMS ® ), showing average mortgage rates climbing as the housing market ...

Is a reverse mortgage the right choice?

Thursday, February 2 nd , 2012 Issue 05, Volume 16. A reverse mortgage is a loan for senior homeowners over 62 years old that uses some of their home equity as collateral.