|
|
|
More than
600,000 Seniors are in foreclosure or behind in their
mortgage payments. |
|
|
|
|
|
If you do not have enough equity to qualify for a Reverse Mortgage, we try to help! |
|
![]() Denied a Reverse Mortgage? |
Reverse Mortgages are
a blessing for many seniors, however, many seniors do not have enough equity
to qualify for a Reverse Mortgage. |
|
Banks really do not want to take your home and add it to their exploding inventory of unmarketable homes and in many cases will accept 80%-90% of balance owed available from a Reverse Mortgage and hold a 3rd position for the difference behind the HUD Reverse Mortgage Loan. The Banks and the senior will then be in a better position to recover all their money when the market stabilizes. It is a winning situation for both parties. |
|
© 2009 Help Senior
Homeowners, A Non-Profit Counseling Service, Inc.