Financier Date: Sat, 05 Nov 2011 10:56:59
A reverse mortgage is a kind of mortgage refinance strategy, in which a homeowner receives a percentage, which depends on the total value of his/her estate property. This article describes the mechanism of reverse mortgage, what it is intended for and who can take advantage of it. More -->Financier Date: Mon, 24 Oct 2011 11:52:06
This article contains a little bit of advice on how to budget your reverse mortgage deal using online reverse mortgage calculators. Also, it gives you an idea on how to choose a lender who offers acceptable terms. More -->Banker Date: Sun, 16 Oct 2011 11:48:18
This article gives a brief description of what reverse mortgage is, how it works and who it is intended for. It highlights the program’s benefits and disadvantages and sheds some light on whether or not it will be good in your particular situation. More -->Banker Date: Tue, 11 Oct 2011 11:42:13
This little article focuses on the importance of choosing a lender correctly, so that you can use a service offering less extortionate terms, which you think should work the right way in your situation. Although all lenders have pretty much in common, it is quite advisable for you to consider several different options. More -->Banker Date: Mon, 11 Jul 2011 16:18:58
So, what’s a reverse mortgage? It is a kind of mortgage, in which a lender regularly pays a certain amount of dollars (or other currency) to a homeowner (who is also called ‘a borrower’). The size of this payment is determined by the set value of the estate property in question. More -->
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- The Reverse Mortgage program has been around since the late 1980s, when it was introduced as an experiment. The goal was to develop a strategy that might help elderly people, as well as some other categories of people with low income, have estate property in possession.
- Introduced by the U. S. government in the 1980’s as an experiment, Reverse Mortgage was to demonstrate the effectiveness of mortgage refinance. According to the program, real estate property was granted to borrowers, who were to make monthly payments during the time they lived in the homes granted to them.
- Reverse mortgage was introduced by the U. S. government in the late 1980s with the goal of developing an effective mechanism of loan regulation. For the most part, the program was aimed at helping people with moderate and low income levels to purchase homes and offered a variety of flexible payment schemes.
- In the late 1980s, the US government initiated an experiment aimed at optimizing one of the national mortgage programs called ‘reverse mortgage program’. In the end, there was to be only one lending organization per state, and each reverse mortgage lender could grant 50 loans.
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