Currently Browsing: Reverse Mortgage

New Consumer Protections on Reverse Mortgages Detailed by the FHA

New Consumer Protections on Reverse Mortgages Detailed by the FHA

According to a recent article last week by Brian Collins, the Department of Housing and Urban Development has issued a proposal which will codify recent changes to its reverse mortgage program and will provide additional protections for seniors, including a cop on…

Read More May 26, 2016
A Few Things You Can Do With a Reverse Mortgage

A Few Things You Can Do With a Reverse Mortgage

There has been a lot of talk as to whether a reverse mortgage is beneficial or not. The first thing to understand is that a reverse mortgage is not for everyone. In order to be eligible for a reverse mortgage, a borrower…

Read More April 14, 2016
Important News Regarding Reverse Mortgages

Important News Regarding Reverse Mortgages

There is some important news in the world of reverse mortgages. The National Reverse Mortgage Lenders Association (NRMLA) has recently announced that it will support the Federal Housing Administration’s new financial assessment rule for home equity conversion mortgages. The U.S. Department of…

Read More November 13, 2014
Is a Reverse Mortgage Right for You?

Is a Reverse Mortgage Right for You?

A reverse mortgage is a loan available to homeowners who are 62 years or older that enables them to convert part of their equity in their home into cash. And now, there is a Financial Assessment on the way for Reverse Mortgage…

Read More June 26, 2014

Franklin Loan Center | NMLS 237653
Licensed by the Department of Financial Protection and Innovation under the California Residential Mortgage Lending Act, 4131316
http://www.nmlsconsumeraccess.org/entitydetails.aspx/COMPANY/237653
For questions or concerns please email info@franklinlc.com