Finance Articles

MLS Reverse Mortgage Now Offers Fixed Rate Reverse Mortgages

Auburn, CA (PRWEB) May 24, 2007 -- The fixed rate Home Equity Conversion Mortgage (HECM) eliminates the risk of adjustable-rate mortgages. With the HECM Fixed Rate loan, the borrower has the comfort of knowing exactly what their interest rate will be for the life of the loan and the certainty that the rate will never increase. In addition, since the interest accrual is known, borrowers will have the comfort of knowing exactly how much they may pass on to their estate.

"The reverse mortgage market is evolving very rapidly," said Mike Borba, President and CEO of Borba Investments, Inc. dba MLS Reverse Mortgage. "Now is the perfect time to offer more options to senior homeowners."

The HECM Fixed Rate is a Federally Insured reverse mortgage. The FHA requires third-party counseling for all HECM products.

The HECM Fixed Rate has an interest rate comparable to a conventional 30-year fixed rate loan. The benefit is that no mortgage payments are required as long as the borrower lives in their home. Some seniors are willing to take a slightly higher interest rate than the adjustable rate HECM for the security of knowing exactly what their rate will be for as long as they are in their home.

"Reverse Mortgage" seems to be the new buzzword in the lending industry. But, what is a Reverse Mortgage? A majority of senior homeowners would like to stay in their own homes throughout their retirement years. However, everything from rising healthcare costs to increasing home maintenance expenses are making that more and more difficult. As a response to the apparent problem, the U.S. government created a financial solution for homeowners 62 and older. The solution is called a Reverse Mortgage and it may just help seniors truly enjoy their retirement years. A reverse mortgage enables homeowners 62 or older to convert part of the equity in their homes into tax-free income without having to sell their home, give up title, or take on a new monthly mortgage payment.

MLS Reverse Mortgage is headquartered at 13478 Luther Road, Suite C, Auburn, CA and can be reached at 1-888-888-4834 or on the Internet at http://www.LearnAboutReverseMortgages.com.

###

Other Article Sites

findabook.com  moneycd.info  a-mortgage.info   about-lemon-laws.info  aboutstudentloans.info
all-about-publishing.info  auctions-articles.info  bestcollege-university.com  bestispconnection.com
biblefolder.com  blogger-website.com  books-used.info  brokers-guide.info  buywindows.info  cable-dsl.info
career-miner.com  carpel-tunnel.info  cashinaflash.info  cashloanreviews.info  casinobell.com  chat-house.info
clearmycredit.info  collegeloantips.info  crones.info  depression-articles.info   dirnic.net  dishguides.info
divers-below.com  expodog.info   financewizz.com  fire-insurance.info  getgood.info  handleit.net   it-idea.info
health-supplies.info  hosting-right.com  insidealert.com  insurance-facts.info  jobs-employment.info
justgood.info  lookgold.net   lowcost-travel.info  money-source.info  myhostzone.info  numisblog.com
peoplesearchfinder.info  pr-articles.info  realeas.com   refinancing-guides.info  spyware-remove.info
telelot.info  the-law.info   toppaid.info  travel-deals.info  travelcorrect.com  wedding-guide-site.com
your-blog.info  your-credit.info

Property Investment - Buying A Holiday Home in Cyprus
Cyprus is fast becoming a property hotspot for thousands of British holiday home hunters disillusioned with the overdeveloped and overpriced Costas. Famous for its spectacular beaches, a climate that gives more sunshine days than Spain and its rich and varied history, Cyprus offers a perfect mix of foreign and familiar.

Homeowners' insurance: The mortgage connection
A home owners' insurance is the cover for the house against natural calamities as well as liability. This covers the house and its contents but also other personal possessions which the house secures.

Commercial Mortgage Lender RRML Announces Underwriting Relationships with Family First Mortgage Corp and AMS Mortgage Services
RRML Commercial Mortgage Lender, a subsidiary of Robins Robins Miller and Lloyd, announces agreements to underwrite commercial real estate loans for Family First Mortgage Corp. and AMS Mortgage Services.

Bad Credit Mortgage for a safe and secure online adverse credit remortgage
Reverse Mortgages!

Intelligent Compression Technologies Bolsters Management Team as Company Prepares For Growth: Company Appoints Proven Leaders in Finance, Customer
Intelligent Compression Technologies Inc. (ICT) has added three key executives to its management team to support company growth and development as it capitalizes on the demand for its AcceleNet(R) WAN acceleration products. The new appointees, Vijey Sarathy, chief financial officer; John Wright, senior director of support; and Laura Whitcher, director of marketing, will work closely with ICT president Michael Slygh. ICT provides network optimization for enterprise and service provider wide area networks.

Did You Try the New Way of Banking?
Years ago the only way to pay for something was with a check or a credit card The idea of debit cards didn't even exist and people were accustomed to paying for things with checks

Property Investment - Glasgow Off Plan - The Price is Right
Glasgow has seen a dramatic growth in Urban and city centre living - BuyProperty4less.com explore the fruits of the fair City

Rise Of The Interest Only Mortgage
In the wake of increasing interest rates, interest only mortgage products have become an increasingly popular tool for home owners to control their monthly expenses. Applications of this type of home loan generally rise in number when interest rates begin to increase as home owners fear becoming victims of rising borrowing costs. Mortgage costs are typically the highest expense of the average UK household and it is therefore important for many borrowers to control this cost.

Home Loan Lenders - Finding the Best Home Mortgage Lender
The process of obtaining a mortgage or home loan can be very stressful and quite time consuming. Finding the best lender for your situation requires research and comparisons between lenders and loan packages.

Receivables Financing - How to Self Finance Growth
Do you own a company that is growing quickly? If your company were a car, do you feel like you are pressing on the accelerator while at the same time stepping on the brake? Or worse, that your growth is stuck in neutral?

Trucking Company Receives $5 Million In Receivable Finance Provided By 1st Commercial Credit
As banks tighten up in the trucking sector, freight companies continue to take advantage of receivable based financing offered by 1st Commercial Credit.

Why Property Investment in Delhi is a Good Option
Will property prices in India fall? This is one question every one has been asking, as its answer will eventually decide whether you will be investing in the property in India now or you will rather wait for the property prices to fall.

In-Q-Tel Completes Strategic Investment and Technology Advancement Agreement With Forterra Systems to Accelerate Collaborative Virtual World Solutions
Forterra Systems, the market and technology leader in private virtual worlds, today announced a strategic investment and technology advancement agreement with In-Q-Tel, the independent strategic investment firm that identifies innovative technology solutions to support the mission of the broader U.S. Intelligence Community.

Katz Mortgage Team Now Offering New 95% FHA Cash-out Loans for Borrowers with Less Than Perfect Credit
Katz Mortgage Team, www.KatzMortgageTeam.net, of Amtrust Mortgage Corporation, are pleased to announce they are now offering new 95% FHA Cash-out loans for borrowers with less than perfect credit. These loans have been updated with new higher loan limits up to $544,000 depending on the county; however, most metropolitan counties have a limit between $200,000 and $300,000.