First, what a reverse mortgage is NOT:
- A reverse mortgage is not “a way for the bank to get your house”
- It is not a traditional home equity loan
Welcome to the
Reverse Mortgage Page is dedicated to helping
retirees and seniors live in financial comfort. The goal is to educate about
reverse mortgages and assist in the next step of speaking to a reverse mortgage
lender. Please feel free to browse our site. Look into the reverse mortgage
process to see if it might be right for you. If you feel it is, or simply
want more reverse mortgage information, use our HUD approved reverse mortgage
lender directory.
We only associate with HUD approved reverse mortgage lenders. You can feel secure that the reverse mortgage lenders in our directory are registered and in good standing.
This is the place to answer the question: What is a reverse mortgage? We make it our goal to educate you, as well as help you find the right reverse mortgage lender. In addition, unlike other places, we do not hide reverse mortgage disadvantages. Reverse mortgage information must include ALL the facts.
Reverse Mortgages are not for everyone, but everyone 62 years or older should know what a reverse mortgage can do for them. Our educational learning series about senior finances will give you information about reverse mortgages and many other relevant topics.
You can feel confident your information will never be sold or rented to any third-party. We merely help you find the right reverse mortgage lender for you, and have them contact you at no cost and with no obligation. You may use the reverse mortgage lender directory without submitting any information.
Thank you for visiting Reverse Mortgage Page and, as always, we are delighted to hear your feedback.
April 1st, 2009
First, what a reverse mortgage is NOT:
April 1st, 2009
By Jeffrey D. Voudrie, CFP
Reverse mortgages have been around since 1989, but they are rapidly gaining in popularity. The complexity of reverse mortgages makes it difficult for the average senior to separate myth from reality. Let me help you decide if one is right for you.
April 1st, 2009
203-b limit
The maximum amount of a home’s value that can be used to determine the dollar amount a borrower receives from a federally insured HECM reverse mortgage; varies by county; the name comes from section 203 (b) of the National Housing Act
January 1st, 2009
26 November 2008
What kinds of reverse mortgages exist in Wyoming? The most common kind of Wyoming reverse mortgage is a federally insured home equity conversion mortgage. These loans are purchased by FannieMae. There are also proprietary reverse mortgages available in Wyoming. We do not recommend one over another, but your Wyoming reverse mortgage provider can assist you. Reverse Mortgage Page [...]

