Delaware’s Top Reverse Mortgage Lenders

Delaware’s top reverse mortgage lenders thru April 2007 according to American Community Survey. The following table shows Delaware’s top 10 originators of HUD HECM (Reverse Mortgage) loans.

Written by charles dennis on August 27th, 2007 with no comments.
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Reverse Mortgages fees higher than Subprime Loans

After a decade of retirement, John and Stella Dohrer were increasingly feeling squeezed financially as living costs edged upward year after year.

The Mesa couple weren’t starving, but their Social Security payments weren’t always enough to meet monthly insurance costs.

So earlier this year, they tapped into the equity built up in their modest townhouse on University Drive using a reverse mortgage.

“It’s just been something good for us that gets us over the hump every month,” said Stella Dohrer, 78. (more…)

Written by charles dennis on August 27th, 2007 with no comments.
Read more articles on Market News and education.