Reverse Mortgage Primer; LO Jobs and Products

By Rob Chrisman

Posted To: Pipeline Press

“People who don’t give up attract other people’s attention.” As do people whose humor is stuck in 4th grade – like mine usually is. For example . Reverse Mortgages – Attracting Forward Lenders Given that 10,000 people a day are turning 62 (the minimum age to take out a reverse mortgage), plenty of “forward” lenders are looking at the channel, or are fostering divisions to capture the business & revenue. Reverse mortgages are a “costly blessing” to older people who have valuable homes, but not a lot of ready money . They allow people to borrow money to spend now, that only must be repaid (plus interest) when they, or their estate, finally sells their home. Real estate agents and financial planners are often offered help by lenders doing reverse mortgages: “We…(read more)

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