Question

 When did reverse mortgages happen?

Answer The initial reverse mortgage occurred in 1961 to a woman named Nellie Young. The mortgage was issued by Deering Savings and Loan, located in Maine. The Home Equity Conversion Mortgage (HECM) was ap... Read More »
http://www.answerbag.com/q_view/2233541

Top Q&A For: When did reverse mortgages happen

Are all reverse mortgages the same?

A Home Equity Conversion Mortgage, also called a reverse mortgage, allows seniors to borrow from the equity in their homes without payments. There are two different types of reverse mortgages, priv... Read More »
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Complaints About Reverse Mortgages?

Reverse mortgages are a type of mortgage that allows people to live in their houses and retain ownership, while receiving an immediate loan amount for the equity in their homes. These reverse mortg... Read More »
http://www.ehow.com/list_7350262_complaints-reverse-mortgages.html

Does US Bank have reverse mortgages?

US Bank does not offer reverse mortgage programs for their customers. US Bank does, however, offer several mortgage programs and refinance options which include cashing out equity in the property.R... Read More »
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Reverse Mortgages & Bankruptcy?

Reverse mortgages--a strategy that allows older people to tap into the equity of their homes--have advantages and disadvantages. These types of loans help people who are at least 62 years old acces... Read More »
http://www.ehow.com/about_6532456_reverse-mortgages-bankruptcy.html


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