FHA Loans Oregon » HECM loans

New Reverse Mortgage Website Launched

Fred Chamberlin — Tue, 15 Dec 2009 18:48:25 +0000

Laurie Willis, Alpine Mortgage Planning Reverse Mortgage Specialist, and I have launched a new website to deal with the questions around the Reverse Mortgage process for senior citizens. Since I am over 62 and could qualify for a Reverse Mortgage, I am also interested in the process. So, over the next weeks, we will be adding information and trying to go through some of the pitfalls and stumbling blocks having to do with a Reverse Mortgage in Oregon, Washington and California. The name of the site is Oregon Reverse Mortgage Info and should be beneficial in answering questions. Read More

Reverse Mortgage: Is it right for you?

Fred Chamberlin — Fri, 06 Nov 2009 19:42:24 +0000

Reverse mortgages are becoming popular in America. HUD’s Federal Housing Administration (FHA) created one of the first. The Home Equity Conversion Mortgage (HECM) is FHA’s reverse mortgage program which enables you to withdraw some of the equity in your home. The HECM is a safe plan that can give older Americans greater financial security. Many seniors use it to supplement social security, meet unexpected medical expenses, make home improvements and more. Since your home is probably your largest single investment, it’s smart to know more about reverse mortgages and decide if one is right for you

Reverse Mortgage: Is it right for you? is a post from: FHA Loans Oregon

Seniors – Consider a Reverse Mortgage for purchase

Fred Chamberlin — Thu, 26 Feb 2009 01:30:56 +0000

Are you aware that you can buy a home in Oregon, using the FHA Reverse Mortgage Program (HECM) if you are over 65 years of age? These Reverse Mortgage loans were authorized by the Housing and Economic Recovery Act of 2008 (HERA). HERA defines “HECM for Purchase” as a real estate purchase where title to the property is transferred to the HECM (Reverse Mortgage) mortgagor, which the mortgagor will occupy as a principal residence, and, at the time of closing, the HECM (Reverse Mortgage) first and second liens will be the only liens against the property.

Seniors – Consider a Reverse Mortgage for purchase is a post from: FHA Loans Oregon