
Some of the most common misconceptions regarding getting a reverse mortgage are outlined below. Below are some false impressions – followed by reverse mortgage program facts.
“The borrower could owe more than the value of their home.”
Reverse mortgages are “non-recourse” loans, which means that the borrower, the borrower’s heirs, or the borrower’s estate [...]
Posted in Bear Delaware, Delaware Mortgage Loans, Delaware Mortgage Rates, Dover Delaware, Lewes Delaware, New Castle Delaware, Newark Delaware, Real Estate Investing, Real Estate Seminars, Rehoboth Delaware, Reverse Mortgages, Wilmington Delaware on September 24th, 2007 1 Comment »
There will be a Free Real Estate Investment Seminar on Wednesday September 26th from 6:30 PM till 8:30 PM at Citizens Lending Group’s Office in Newark, DE. The seminar is on Getting Started in Real Estate Investing. The seminar will show you how to setup a plan for investing and how to get your self [...]
Newark, Delaware – Until recently, seniors 62 years of age and older have not had the best choices when it came to getting cash from their homes. Traditional home loans only offered the option of either selling one’s house or borrowing against its equity.
With reverse mortgages coming on the scene, Delaware seniors now have some [...]