One of the most frequently asked questions we have about reverse mortgages is:
What Is A Reverse Mortgage?
December 6, 2011
December 6, 2011
A common question we receive is as follows:
How Is A Reverse Mortgage Defined?
A reverse mortgage can be define several different ways depending on each individual scenario. Below are the most common definitions and an example of when or how they are used.
December 6, 2011
Maggie sent us in this e-mail that reads:
How Do I Cancel My Reverse Mortgage?
I recently took out a reverse mortgage to pay for some minor house repairs around the house, when I told my son this he told me that he’d much rather pay for the repairs himself so that equity in the house is not lost. I’d much rather do this, is it possible to cancel my reverse mortgage and if so how?
Yours Sincerely, Maggie (more…)
December 5, 2011
A certified reverse mortgage provider is a titled that is given out by the NRMLA (National Reverse Mortgages Lenders Association) to somebody who has demonstrated a high knowledge of reverse mortgages. To qualify at least two years experience is necessary along with closing at 50 reverse mortgage loans. The NRMLA also requires that you take an additional twelve hours of training.
In total there are 26 professionals which have been given the CRMP title, a full list, along with the names and locations can be found on the official NRMLA site or by clicking here.
December 5, 2011