Key reverse mortgage facts that may help your discussions with borrowers

January 18, 2023

There are many questions that arise from senior homeowners and their families when presented with the option of a Reverse Mortgage. How much of the loan proceeds amount will the borrower get? If the borrower is 61, can a reverse loan still be processed so they can get it closed by the time they turn 62? How do the interest rates work with Reverse loans?

Whether the discussion is about making a loan work or improving a borrower’s situation with a reverse mortgage Reverse Mortgage Daily shares facts that may help your current and future discussions with senior homeowners and their families on how a HECM works.

Find out more about reverse mortgage options on the Plaza Home Mortgage website, and reach out to us at Reverse@plazahomemortgage.com. Let’s explore adding this strategy as another option for your borrowers and your business.

Category: Reverse Market News

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