MA Reverse Mortgage... who do I call?

Question

I'm in MA and need to find a mortgage company that does reverse mortgages. Thanks in advance.

Answer 1

To answer your question:

1. This page contains a listing of the major reverse mortgage lenders in MA:

http://www.reverse-mortgage-information.org/reverse-mortgage-facts-MA.php

2. This page contains website info and phone numbers for RM lenders in MA:

http://www.reverse-mortgage-information.org/255/reverse-mortgage-lenders-massachusetts.php

Hope this is useful to you!

Answer 2

Where in MA? Most local mortgage banks know about and many have reverse mortgages. Watch out for scams and subprime lenders.

Answer 3

There are many types of reverse mortgages. But the major ones are: federally insured reverse mortgages, single-purpose reverse mortgages, and proprietary reverse mortgages. When the federal government provides insurance for the mortgage, it is called federally insured reverse mortgages. Single-purpose reverse mortgages, and proprietary reverse mortgages are financed by the agencies authorized by government, banks and financial mortgage companies. There are pros and cons for each of these mortgages. You need to consider them carefully before submitting your application.

Answer 4

the charges for opposite mortgages have dropped DRAMATICALLY over the final few weeks. maximum creditors have eradicated the fastened cost servicing expenses besides as dramatically decreased (even eradicated on occasion) the origination cost. fastened cost products could be chanced on with costs of pastime as little as 4.ninety 9% on occasion besides. particularly verify into the product further and get a quote from a great lender or broking provider. you're pleasantly shocked on the numbers. those loans have become plenty much less high priced and pricing looks to strengthen a week. if your mothers and fathers have been going to take out a fastened cost product, they could do away with their contemporary loan costs and in all possibility acquire further earnings a lump sum. there are various different charge techniques besides in basic terms the lump sum distribution. If money of their pocket is greater powerful than continually shoveling it into their abode loan money each and each month, i could recommend you look into it further.

Answer 5

Go to google, type in reverse mortgages, duh.