Who Offers Reverse Mortgages

State of North Carolina Mortgage Lending – NCCOB – The following lenders are certified to offer Reverse Mortgage loans in North Carolina in accordance with N.C.G.S. 53-258(a).

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How to Find the Best Reverse Mortgage Lender | U.S. News –  · With a single-purpose reverse mortgage, the lender restricts how you can use the money from a reverse mortgage. For example, a single-purpose reverse mortgage may only be used to pay off property taxes or to make home repairs. These reverse mortgages are typically the least expensive option, but they are limited in availability.

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Best Reverse Mortgage Companies 2019 – toptenreviews.com – In addition to standard reverse mortgages, FAR offers reverse mortgages for purchase. These are loans you can use to find a smaller or newer home. It also allows borrowers to refinance their reverse mortgages. FAR offers its own Homesafe mortgage, which can be used on homes worth more than $670,000.

Top 10 reasons why borrowers pursue a jumbo reverse mortgage – In addition to the Federal Housing Administration’s HECM, the California-based lender offers borrowers access to up to $4 million in equity in one lump sum through its non-agency jumbo reverse.

Reverse Mortgage Facts and Strategies State of North Carolina Mortgage Lending – NCCOB – Reverse Mortgage The following lenders are certified to offer Reverse Mortgage loans in North Carolina in accordance with N.C.G.S. 53-258(a). Reverse Mortgage Lenders

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It also offers more flexibility for borrowers to use a reverse mortgage to buy a home, as well as when a condominium property is involved.

2) Who offers Reverse Mortgage Loans? The major source of reverse mortgages has been the one insured by the Federal housing administration (fha) called the home equity conversion mortgage program (HECM). An HECM is the only reverse mortgage that’s insured by the federal government, and HECMs are only available through an FHA-approved lender.

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