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Who can get a reverse Mortgage?

financeblogger — Fri, 11 Jul 2008 14:27:43 +0000

The government only guarantees a certain number of Reverse Mortgages. Annual Reverse Mortgage volume is growing rapidly. Something short of 500,000 loans are written a year.

In my experience only about 70% of people who want one can get a Reverse Mortgage. Rule outs are not based on income or on credit scores. They are because of issues like limited home equity, zoning of the property, ages of one owner, or type of house and title. Predetermining eligibility does not even require your social security number. Qualifying for a Reverse Mortgage, does not require any particular income, and it is not dependent on any particular credit score. You may qualify with good credit, bad credit or no credit.

What is necessary to find out if you can get a reverse mortgage and how much you might qualify for. 1. All owners of the property must be 62 years of age or older. 2. Your City, State and Zip Code Zip 3. The equity you have in your house (current estimated value minus first mortgage and any second liens) 4. Zoning must be residential

Then after we determine if you might be eligible you have a counseling session. This is a HUD requirement. I provide a list of at least 5 certified counselors working in your state. You get a counseling certification after the counseling session.

You cannot actually apply for the Reverse Mortgage until we have the counseling certificate. We can start the pre application process at anytime.

How can I Help you?

e-mail financial-services@live.com

MORTGAGE SCAMMED...HOW I FOUND RELIEF!

sweetnspicey — Thu, 26 Jun 2008 00:07:32 +0000

Are you facing some kind of hardship? were you once able to afford your mortgage with no problem? Well that was my story too! I bought the home of my dreams and unfortunatley had the loan of my nightmares. My rate adjusted and I was unable to keep up with the payments any longer. I had to take action before I lost my good credit and lost my home. I had to protect my family. I heard this ad on the radio about Feldman Law Center. I was hesitant to call, thinking I was going to reach one of those loan modification companies that are popping up everywhere. I was warned about those companies, they pressure you to sending them money to handle your file. I know I don't want to deal with anymore smooth talking sales people that got me into this mess in the first place. Anyhow I decided to call the Feldman Law Center (800) 527-8497 and was greeted by very helpful staff. My loan was actually being handled by a Law Firm!! I would rather retain an Attorney with 25years experience than some random "loan Modification" co. So if anyone is facing loosing their home I would HIGHLY recommend THE FELDMAN LAW CENTER (800) 527-8497.

Unwary borrowers snared in U.S. housing “bloodbath”

krisci — Fri, 27 Apr 2007 16:27:33 +0000

That’s what I have heard recently. And this is very sad. Just curious how many of you know what I am talking about?

Foreclosure in this country. It’s huge and is getting worse. Some of you know why? For those of you, who don’t know, please keep reading.

In the last year’s mortgage industry exploded with so called “creative mortgage programs” where many of us could afford to own a house. That’s good for many of us but not so good for others. I don’t want to go into details but this what happened in a past has a tremendous impact on what we are facing now.

Foreclosures Just Hit 30 Year Highs and Are Expected to Quadruple in 2007 (and beyond)

Experts are saying that in 2007, over one-trillion dollars in ARM loans (Adjustable Rate Mortgages) will “re-set” causing homeowner’s mortgage payments to go up as much as 30-50%, beyond where many American’s income can keep up, thus causing four to six million American homes to go into foreclosure

I decided to write about this issue for two reasons.

Let to homeowners know that we have company up there that help them. This company continues to climb to the top and help hundreds of homeowners save their homes from foreclosure without selling.
Show others that there is a huge demand for people willing to help homeowners in foreclosure.

Anyone who is looking for job, planning to change a career, real estate professionals and loan officers who want to enhance their business.

Everybody is welcome to help with our Mission.

I will be back with more updates on this subject. In a meantime please visit us at

http://www.Ethical-Foreclosure-Solutions.com