Refinancing An Existing Reverse Mortgage

Have you heard about a reverse mortgage?  Do you know how it works?  Well, did you know that you can refinance your existing reverse mortgage?  Most people are not aware that you can refinance your existing reverse mortgage to obtain additional cash.  Due to FHA's lending limit increases as well as increases to property values in the last year, many FHA reverse mortgage holders can qualify to obtain more cash from their home's equity.  The cash is not taxable and can be used for any purpose at all.  More importantly, the cash can be secured by the homeowner before the reverse mortgage loan increases to a level where the cash is no longer available.

Find out more about reverse mortgages at:
www.reversemortgagebenefit.com

New Reverse Mortgage Products

There have been more reverse mortgage products introduced in the last few months than the industry has seen in quite some time.  The latest announcement is a fixed rate product that provides the most flexible payment plans without limitations on how much money can be withdrawn in the first year.

Contact us to learn more about reverse mortgages and to be referred to one of the top reverse mortgage lenders in the industry.

Learn more about reverse mortgages at HUD's website: http://portal.hud.gov/hudportal/HUD?src=/program_offices/housing/sfh/hecm/hecmhome

Also, learn about the Top Ten Frequently Asked Questions: http://portal.hud.gov/hudportal/HUD?src=/program_offices/housing/sfh/hecm/rmtopten

Learn about the recent product announcement: http://reversemortgagedaily.com/2014/02/18/live-well-releases-fixed-freedom-reverse-mortgage-product/?utm_source=Reverse+Mortgage+Daily&utm_campaign=c32d0e29c3-RMD_Daily_Email_2_20_142_19_2014&utm_medium=email&utm_term=0_48b4357284-c32d0e29c3-21285 


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Reverse Mortgage Safeguards Vol.1

The vast majority of reverse mortgages today are federally insured by HUD.  This provides protection for both homeowners as well as lenders.  One protection for homeowners is they are guaranteed that the reverse mortgage program will always be made available to them once they have entered the program.  Lenders, on the other hand, are guaranteed that they will always receive the balance owed.  This is just one example of how the reverse mortgage program provides safeguards for both the consumer and lender.  In the coming series, Reverse Mortgage Safeguards, we will explore other areas of protection for consumers, lenders and the community.  Visit us at www.reversemortgagebenefit.com to learn more about reverse mortgages and send us a request to be put in touch with a reverse mortgage lender.