Forgotten Your Password?

Need to Register?

Question Icon

I'm interested in learning more about a reverse mortgage loan.

by claudia563 from Merrillan, Wisconsin. Jun 21st 2016 Reply


David R Youngs - Mortgage Advisor (DavidRYoungs)
#63 ranked lender in Minnesota - 87 contributions

Hello Claudia - There are quite a few options available for reverse mortgage loans nowadays. One of the nicest benefits is that they are HUD insured, meaning there is added protection for you and your family. I would be happy to discuss how they work and offer you a complete outline of the options you would personally have available to you. If you are interested in pursuing things further, then I can explain what your next steps would be, so that you can make an informed decision. I'm a State Licensed Consultant and work with clients in all corners of both MN & WI. Feel free to call me tonight or tomorrow directly at 866-680-2840 Ext 12 or email me at dyoungs@progressivels.com Looking forward to speaking with you!

Jun 21st 2016
1
0
William J Acres (William_Acres)
#74 ranked lender in Arizona - 8,728 contributions

The best advice I can give you is to contact a LOCAL mortgage broker who specializes in reverse mortgages, and apply with them. They should be able to look at your scenario and determine if you and your property would be eligible for this type of loan, and they can explain the RM in detail so you can determine if it's the right loan for you.. Also understand that part of the approval process requires you attend mandatory counseling.. FHA wants to be completely sure you have a full understanding of how a RM works, and to be sure your lender has not lied to you or left any important details/facts out.. I'm a Broker here in Scottsdale AZ and I only lend in Arizona. If you or someone you know is looking for financing options, feel free to contact me or pass along my information. William J. Acres, Lender411's number ONE lender in Arizona. 480-287-5714 WilliamAcres.com NMLS# 226347

Jun 22nd 2016
1
0
Cole Bruner (cbruner@marketplacehome.com)
#51 ranked lender in Wisconsin - 1 contribution

Hi Claudia, I would be happy to answer your questions. If you would like to meet in person, I am actually not far from you - I work in Wausau. Feel free to reach out to me via phone at 715-388-7700 (my direct line) or email at cbruner@marketplacehome.com. I look forward to hearing from you!

Jun 22nd 2016
0
0
Sara Deere (Mortgagequeen2)
#16 ranked lender in Missouri - 608 contributions

It is best because the reverse mortgage program is such a specialize product, to contact a local lender in your area to help you through the process. Movement Mortgage has an office in Superior and has their own Reverse Mortgage division.

Jun 22nd 2016
0
0
Subscribe to our news feed.