When it comes to making financial decisions, you want to work with a lender you can trust. We share why working with ORM is a great choice.
Learn about reverse mortgage eligibility requirements including age, home equity, homeownership, and type of house.
The modern reverse mortgage has evolved into a flexible financial tool heavily regulated by government safeguards.
As confidence in this long-standing institution begins to crumble, where should we turn for answers?
Unlike regular home mortgages, reverse mortgages do not require monthly mortgage payments during the term of the loan itself.
What does it mean to have a government-insured loan? Find out on today’s Tune in Tuesday, which explores how the government is involved in reverse mortgages.
Navigate the ways of a reverse mortgage by getting clarification on what frequently used terms mean.
Two requirements for getting a reverse mortgage are the borrower must attend counseling and have their home appraised. Because these are required, it’s important to know that these expire. If you wait too long, you may have complete them again.
Find out what the Department of Housing and Urban Development (HUD) and the Federal Housing Administration (FHA) have to do with the Home Equity Conversion Mortgage (HECM).
Which reverse mortgage is right for you? We explain the differences between a fixed rate HECM and a variable rate HECM.