Golden Homeowners are taking out Reverse Mortgages for many reasons. Some are making home improvements so they can “age in place” in their homes; others to relieve some of their existing debt.
There are different elements available on Dataman Group’s Reverse Mortgage lists that help Reverse Mortgage lenders select the best prospects for their products. Some of the options include selection by home owner age, marital status, current home value and estimated current LTV. Actual, existing HECMs are also available for those lenders who are refinancing Reverse Mortgages.
List costs start at $150.00.
A reverse mortgage is a special type of home loan that allows homeowners who are 62 or older to access the equity they have built up in their homes and defer payment of the loan until they pass away, sell, or move out. The loan proceeds are generally provided to the borrowers as lump-sum payments, monthly payments, or as lines of credit. Homeowners remain responsible for payment of taxes, insurance and home maintenance, among other obligations.
Mortgage lenders looking to increase their business can call the pros at Dataman Group at (800) 771-3282 or email [email protected].