US Mortgage Information http://00-mortgage.com/rates Reverse Mortgagees Rates Sun, 28 Dec 2008 19:26:51 +0000 http://wordpress.org/?v=2.8 en hourly 1 do you have income with a reverse mortgage loan? http://00-mortgage.com/rates/index.php/archives/16 http://00-mortgage.com/rates/index.php/archives/16#comments Sun, 28 Dec 2008 19:26:51 +0000 admin http://00-mortgage.com/rates/index.php/archives/16
krayz asked:


I’m having trouble finding the law that states the answers for these. I’m only looking for the law that will answer my questions.
When I take my monthly draw from the bank from my reverse mortgage loan is that considered income? Also can I deduct the interest when it is added to the outstanding loan balance each month.

Nathan
]]> http://00-mortgage.com/rates/index.php/archives/16/feed 0 can i get a reverse mortgage on a house i own that is both residential and commercial and I am not living in http://00-mortgage.com/rates/index.php/archives/238 http://00-mortgage.com/rates/index.php/archives/238#comments Wed, 24 Dec 2008 02:23:10 +0000 admin http://00-mortgage.com/rates/index.php/archives/238
leelana asked:


This house is listed in public record as “mixed Use” although I do have a smll apt for myself in this , It is not my legal residence. This is located in queens ny.

Jon
]]> http://00-mortgage.com/rates/index.php/archives/238/feed 0 Reverse mortgage, Are rates and fees pretty standard, or should I really shop around? http://00-mortgage.com/rates/index.php/archives/260 http://00-mortgage.com/rates/index.php/archives/260#comments Sun, 21 Dec 2008 21:45:53 +0000 admin http://00-mortgage.com/rates/index.php/archives/260
herbajones asked:


Im 64 and my mortgage is paid off. I read from one lender that fees could run between $5,000 to $8,000. Is this a competive market or is this what I should expect?
Also, my wife ( co-owner ) is only 60 years old…. What problems will I have with eligibility? Should I just scrap this idea and is there another way to get my equity from my house. I am on social security retirement..with no other income and my wife is unable to work.

Samuel
]]> http://00-mortgage.com/rates/index.php/archives/260/feed 0 With a reverse mortgage if owner stays in house and ends up with excessive equity does lender go after estate? http://00-mortgage.com/rates/index.php/archives/84 http://00-mortgage.com/rates/index.php/archives/84#comments Tue, 09 Dec 2008 17:41:35 +0000 admin http://00-mortgage.com/rates/renting-real-estate/with-a-reverse-mortgage-if-owner-stays-in-house-and-ends-up-with-excessive-equity-does-lender-go-after-estate/
antiquesalejunky asked:


With a reverse mortgage, If owner stays in house for longer than expected and with interest, etc. ends up “upside down” — in other words, more is owed on the house than it’s current value, (of course, after the death of the owner), and after the bank sells the house can it then come to the estate to make up the difference?

Nancy
]]> http://00-mortgage.com/rates/index.php/archives/84/feed 0 I’m 63 yrs old intersted about reverse mortgage. What is the advancetage and disadvancetage in my part? http://00-mortgage.com/rates/index.php/archives/92 http://00-mortgage.com/rates/index.php/archives/92#comments Sat, 06 Dec 2008 23:05:01 +0000 admin http://00-mortgage.com/rates/personal-finance/im-63-yrs-old-intersted-about-reverse-mortgage-what-is-the-advancetage-and-disadvancetage-in-my-part/
leogrand2003 asked:


This reverse mortgage is for me or not?

John
]]> http://00-mortgage.com/rates/index.php/archives/92/feed 1 How can I find a Reverse Mortgage lender? http://00-mortgage.com/rates/index.php/archives/162 http://00-mortgage.com/rates/index.php/archives/162#comments Fri, 28 Nov 2008 07:03:47 +0000 admin http://00-mortgage.com/rates/renting-real-estate/how-can-i-find-a-reverse-mortgage-lender/
MrStevens asked:


And how exactly do they work?

Benjamin
]]> http://00-mortgage.com/rates/index.php/archives/162/feed 2 how do I get a job as a reverse mortgage processor? http://00-mortgage.com/rates/index.php/archives/148 http://00-mortgage.com/rates/index.php/archives/148#comments Fri, 21 Nov 2008 19:03:59 +0000 admin http://00-mortgage.com/rates/special-education/how-do-i-get-a-job-as-a-reverse-mortgage-processor/
roytan@sbcglobal.net asked:


I want to change my field of work and I do not know where to get trained.

Douglas
]]> http://00-mortgage.com/rates/index.php/archives/148/feed 2 Is a Reverse Mortgage a safe loan? http://00-mortgage.com/rates/index.php/archives/224 http://00-mortgage.com/rates/index.php/archives/224#comments Sat, 15 Nov 2008 23:14:11 +0000 admin http://00-mortgage.com/rates/personal-finance/is-a-reverse-mortgage-a-safe-loan/
MrStevens asked:


My neighbor told me about these reverse mortgage loans and I wanted to ask here if this a safe way to get some cash out of my home. I live in Ft. Lauderdale, Fl. and am retired 6 years now.

Eric
]]> http://00-mortgage.com/rates/index.php/archives/224/feed 3 What is a reverse mortgage and do you advise it as a retirement option? http://00-mortgage.com/rates/index.php/archives/208 http://00-mortgage.com/rates/index.php/archives/208#comments Sat, 08 Nov 2008 20:27:08 +0000 admin http://00-mortgage.com/rates/personal-finance/what-is-a-reverse-mortgage-and-do-you-advise-it-as-a-retirement-option/
mgs4Real asked:


My friends were looking into getting one and I did not understand what it was. It sounds like it isn’t much different than a “second mortgage” that you receive in payments instead of in one lump sum, paying interest on this loan all the while. Correct?

Frank
]]> http://00-mortgage.com/rates/index.php/archives/208/feed 2 Where can I get the best Reverse Mortgage loan? http://00-mortgage.com/rates/index.php/archives/174 http://00-mortgage.com/rates/index.php/archives/174#comments Tue, 28 Oct 2008 11:12:46 +0000 admin http://00-mortgage.com/rates/financial-aid/where-can-i-get-the-best-reverse-mortgage-loan/
*MacDaddy* asked:


I get a lot of offers in the mail since I looked into it.

Curtis
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