Reverse Mortgages

[Prettygirls]

How do I structure a reverse mortgage deal?

[Troy]

If your mortgage shop is approved to do Reverse Mortgages then your broker or supervisor should be able to guide you through it.

If not, you can refer it out to one of a few companies that will give you a co-brokering fee simply for referring the client.

Hope that helps.

Troy

[Lynn Alexander]

I heard, yesterday, that many people have lost their houses by getting a reverse mortgage.

I am not planning on getting one myself, but why would they lose their house before they die?
How does a reverse mortgage work. I thot I knew.

[AnnAnderson1015]

You can't lose your house with a reverse mortgage, there's too much cushion. The banks long loans out like 50-65% LTV.


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