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2014-12-21 08:48:27
About Reverse Mortgages in Salt Lake

I get calls frequently about reverse mortgages in and around Salt Lake.

Questions like;  are they helpful? Who can qualify, and how the lenders determine how much you or your home can qualify for. IE: How much money i can get each month from my reverse mortgage.

Like everything in real estate, the answers depend on a number of factors, and i generally refer those questions to our favorite lender Doug Walker @ Prime Lending

I still recommend that you do that, but i have added some links for you that i came across that will give you some additional sources and possibly generate questions about getting a reverse mortgage in Salt Lake.

Here are some articles that may be of help. Enjoy!

 

Booming Forward: What's a reverse mortgage? | fox13now ...

http://fox13now.com/ 

More than 650,000 reverse mortgage loans have been written since 1989. Three-quarters of those loans occurred in the last five years. A reverse mortgage allows homeowners to use their equity as a means to stay in their ...

Read more ...

 

Reverse Mortgages - Mortgage Rates, Mortgage Debt ...

http://blog.aarp.org/ 

Read the latest news and articles on reverse mortgages including reverse mortgage financial information, tools, calculators, and advice from financial experts exclusively from AARP.

Read more ...

 

Tighter standards on reverse mortgages - The Seattle Times

http://blogs.seattletimes.com/ 

WASHINGTON — Are reverse mortgages headed in reverse? Based on forthcoming federal rule changes for seniors who expect to apply for one, you might think so. But as a taxpayer, you might say, bravo: Toughening up ...

Read more ...

 

Why You Shouldn't Get A Reverse Mortgage Just Because ...

http://consumerist.com/ 

After all, reverse mortgages have been found to leave families with debts they can never repay, four-in-five payday loans are made to consumers already caught in the debt trap, and on average 54% of students who attend a ...

Read more ...

 

CBS News Weighs Reverse Mortgage Benefits in Retirement

http://reversemortgagedaily.com/ 

In its report, Boston College details various aspects of a reverse mortgage, including basic definitions, fees associated with Home Equity Conversion Mortgages (HECMs), the potential disbursement a borrower may be eligible ...

Read more ...

I hope you enjoyed the information about reverse mortgages in and around Salt Lake. For more information about home loans in SLC check out our  real estate blog regarding home loans around the valley.

Or call me @ Gordon Sloan 801-567-0946. Today

 

 
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