http://www.reversemortgagecons.com Cons and Pros about Reverse Mortgages Wed, 24 Dec 2008 14:44:27 +0000 http://backend.userland.com/rss092 en As Reverse Mortgages become and more common option for seniors across the nation, the cons and scammers are common up with ways to rip them off. It is important to talk to a reputable reverse mortgage lender, make sure you are supplied the correct documentation, and see or speak with ... http://www.reversemortgagecons.com/beware-of-reverse-mortgage-scams/ You hear and read a lot of articles about reverse mortge cost and fees being higher than equity lines, refinances, or normal home purchases. In retrospect they can be higher, however the reduced qualifications requirements is a pro instead of a con. I found a comment from an individual replying ... http://www.reversemortgagecons.com/reverse-mortgage-costs/ We have seen a handful of new reverse mortgage lenders and reverse mortgage brokers using a heavy "debt consolidation" pitch to push more consumers into reverse mortages. Reverse Mortgages can be a great tool for debt consolidation however certain steps need to be followed to insure you don't repeat your ... http://www.reversemortgagecons.com/reverse-mortgage-debt-consolidation/ The new lending limits for Reverse Mortgages are now in effect.    Any Reverse Mortgages that get started after today will be able to participate in the most important change in the history of government sponsored Reverse Mortgages. These Reverse Mortgage lending limits mean that your home will be able to have ... http://www.reversemortgagecons.com/new-limits-are-active-minimum-of-417000/ With the passing of The Housing and Economic Recovery Act of 2008, new Reverse Mortgage lending limits are set to take effect at the end of the year.  This will mean that more money for individual homes will be available. With the end of IndyMac bank as a Reverse Mortgage ... http://www.reversemortgagecons.com/new-lending-limits-set-to-take-effect/ As of August 2008, FHA Registration has raised the local lending limit for the HECM Reverse Mortgage Product. While many people will not be affected by this momentous change, a great number of people will receive a huge increase in the amounts of available funds for their Reverse Mortgage. ... http://www.reversemortgagecons.com/new-lending-limits-for-reverse-mortgages/ When IndyMac bank went into chaos, one side effect was that their Reverse Mortgage division, Financial Freedom, pulled their Jumbo Reverse Mortgage out of circulation. The Financial Freedom Cash Advantage was the only jumbo loan program in the nation. By Jumbo loans, I mean, a loan program that is designed ... http://www.reversemortgagecons.com/jumbo-reverse-mortgages-are-gone-for-now/ Some people feel very good about their Reverse Mortgage. Others... I beleive that this couple would be more apt to discuss the Cons of Reverse Mortgages instead of the Pros of Reverse Mortgages!!! Check out reverse mortgage lender.. http://www.reversemortgagecons.com/reverse-mortgage-sample/ Some will say that a major con to obtaining a reverse mortgage is the fees that are involved in the transaction. For example, the loan fees associated with reverse mortgages are higher than those of most conventional mortgages. That's because most reverses require mortgage insurance in the event the senior outlives ... http://www.reversemortgagecons.com/reverse-mortgage-fees/ Welcome to Reverse Mortgage Cons. This site is dedicated to showing the Pros and the Cons of the Reverse Mortgage process. This site will show the benefits and the shortcomings of the process. The most important thing to remember of about Reverse Mortgages is that while this is a ... http://www.reversemortgagecons.com/reverse-mortgage-cons/