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The Mortgage Professor: Finding the best deal on an HECM reverse mortgage | Latest News
The Mortgage Professor: Finding the best deal on an HECM reverse mortgage
The best deal on a mortgage is usually defined in terms of the interest rate and origination fee charged the borrower. That was my approach in a previous column on the subject. I recently realized, however, that with reverse mortgages, it was more ... read more
How much can you lose if you don't find the best HECM deal?
Data source: Each week, nine reverse mortgage lenders update ... benefit from the federally-supported HECM program, it would certify multi-lender sites that make it easy for seniors to find the best available deal. • Contact Jack Guttentag via his ... read more
The Mortgage Professor: Borrower decisions on a HECM reverse mortgages
Borrowers in the forward-mortgage market make similar decisions. There are no points on HECM reverse mortgages, only origination fees, which are a flat dollar amount. That makes the decision on the best interest ... the following two deals on a fixed ... read more
'Mortgage Professor' Site Adds 'Safe Place' for Seniors to Comparison-Shop for Reverse Mortgages
find the best unbiased advice and choose loans from pre-vetted lenders while protecting their privacy, Prof. Guttentag has added a HECM shopping service to his popular, consumer-oriented mortgage-shopping website The Mortgage Professor. "The HECM reverse ... read more
Are variable mortgage rates still the best choice for saving on interest?
In part, that’s because of a 2001 study showing that Canadian mortgage holders would have been better off almost 90 per cent of the time with a variable rather than fixed rates between 1950 and 2000. Authored by Moshe Milevsky, professor of finance at ... read more
JACK GUTTENTAG: Finding the best deal on HECM reverse mortgage
The best deal on a mortgage is usually defined ... benefit from the Federally-supported HECM program, it would certify multi-lender sites that make it easy for seniors to find the best available deal. The writer is professor of finance emeritus at the ... read more
The Mortgage Professor: Why small home mortgage loans are hard to find
The best option for residents ... prices are very low and mortgage loans are not available. In the 1920s, before the Federal Government entered the marketplace, many mortgage loans had 5-year terms. Lenders originating HECM reverse mortgage loans earn ... read more
New Version of the Kosher HECM Reverse Mortgage Calculator
PHILADELPHIA, Oct. 5, 2017 /PRNewswire/ -- Mortgage Professor LLC has released the latest version of its unique Kosher Reverse Mortgage Calculator designed ... which poses the challenge of finding the set of options that best meets the unique needs of ... read more
JACK GUTTENTAG: Shopping for the best HECM Reverse Mortgage deal
Can You Shop For the Best Deal on a HECM Reverse Mortgage? You can if you know exactly what you want, and exactly where to find it. This article is designed ... The writer is professor of finance emeritus at the Wharton School of the University of ... read more
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