About Reverse Mortgages

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Increase your knowledge around the importance of home equity

About Reverse Mortgages

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HECM for Purchase

Get HECM For Purchase Loans Through South River Mortgage What is a Home Equity Conversion Mortgage (HECM) and how is it different from HECM for…

About Reverse Mortgages5th August, 2020
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Using a Power of Attorney for a Reverse Mortgage

  Characters POA agent: third party individual named to help manage principal’s affairs Principal: the individual who authorizes the agent to act on their behalf…

About Reverse Mortgages2nd July, 2020
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Credit Review for a Reverse Mortgage

While credit history is an important qualifying factor for reverse mortgage borrowers, it is not something that will likely make or break the borrower’s opportunity…

Finance, About Reverse Mortgages1st July, 2020
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Reverse Mortgage Counseling

To protect borrowers, reverse mortgage counseling is often required. Counseling is an important step in the reverse mortgage process as it allows the applicant to…

About Reverse Mortgages23rd June, 2020
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Making Payments on a Reverse Mortgage

Unlike most traditional mortgage loans, HECM reverse mortgage borrowers are not required to make monthly mortgage payments. Instead, payment is due in full either upon…

About Reverse Mortgages18th June, 2020
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Reverse Mortgage on Condominiums: Requirements Explained

For years condominium owners have been denied from reverse mortgages due to strict Federal Housing Administration (FHA) guidelines. Fortunately, as of October 15, 2019, newly…

About Reverse Mortgages, Finance16th June, 2020
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Reverse Mortgage Example

Oftentimes, questions arise from borrowers, family members and basically every other person who isn’t vested in reverse mortgages and does not exactly understand how it…

About Reverse Mortgages16th June, 2020

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