Reverse Mortgage Blog

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Mortgage and Lending - NMLS#279499
In this blog, I go into detail on reverse mortgage information through questions seniors and their families ask, industry news and current events, new program & rate options, client stories and experiences and more. From my 21 years experience as a reverse mortgage specialist, I can help guide and educate you and answer the question, is a reverse mortgage right for you and if so, what is the best option with lowest costs, interest rates and payment plan. I am easily accessible and will be happy to talk with you. Maggie O'Connell direct line 800-489-0986
RECENT BLOG POSTS
Big changes in store for FHA appraisals in 2010! Three new mortgagee letters are posted at RMStore.net. Will it impact the quality of reverse mortgage appraisals and ultimately the appraised value? .... Maybe.... Another reason to get your application in before the end of the year.
11/17/2009
The Federal Housing Administration, hit by increasing mortgage-related losses, is in danger of seeing its reserves fall below the level demanded by Congress, according to government officials, in a development that could raise concerns about whether the agency needs a taxpayer bailout ( Wall Stre...
09/10/2009
Beginning on Oct. 1, 2009, all condo projects will have to go through an extensive approval process in order to qualify for a reverse mortgage. If you are considering a reverse mortgage, it's important you apply and get your counseling certificate prior to the end of August to avoid delays or pos...
08/03/2009
Methods for turning home equity into income has been limited for owners of high value homes. Almost all jumbo reverse mortgages were suspended when the credit crisis hit in 2008. The HECM Reverse Mortgage has filled a void with the increased limits as a result of the stimulus plan and the higher ...
07/27/2009
NestWorth announces new improved program! The Equity Access Agreement is now available. It is an alternative to a Jumbo Reverse Mortgage, but not a mortgage or debt. Older homeowners of high value homes can receive generous interest free monthly payments for a term of their choosing from 10 to 25...
07/13/2009
Radio Interview with Rob Black & Maggie O'Connell discussing Reverse Mortgages and The NestWorth Agreement for California and Nevada (mp3 format).
05/27/2009
On this show, recorded May 6 2009, I discuss equity release programs with Rob Black, of Rob Black and Your Money, Bay Area TV KRON4. Learn more about reverse mortgages and the NestWorth agreement at reverse mortgage store! May 6, 2009 show on KRON4 with Rob Black
05/27/2009
Realtors would be wise to pay attention to the HECM Reverse Mortgage for Home Purchase.    The HECM for Purchase provides the opportunity to purchase a new principal residence with HECM loan proceeds in a single transaction.   The HECM loan does not require repayment until the borrower leaves the...
05/26/2009
If you are in the market for a reverse mortgage, I can't stress enough the importance of getting the process started now. With the announcement on margin increases by Fannie Mae, it is extremely important to secure a reverse mortgage before interest rate indexes start moving up. A higher expected...
03/30/2009
As at the time of writing, the President has signed the Economic Stimulus package, part of which includes the provision for the HECM limit to increase to $625, 500 for the balance of 2009. THis is great news for homeowners in higher value homes as they can get more value from their home equity. V...
02/18/2009
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Maggie O'Connell

Reverse Mortgage Purchase Specialist
local_phone(800) 684-9438
smartphone775-770-0870
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In this blog, I go into detail on reverse mortgage information, through questions seniors and their families ask, industry news and current events, new programs; rate options, client stories and experiences and more. From my 20 years experience as a reverse mortgage specialist, I can help guide and educate you and answer the question, is a reverse mortgage right for you and if so, what is the best option with lowest costs, interest rates and payment plan. I am easily accessible and will be happy to talk with you. Maggie O'Connell direct line 800-489-0986 maggie@rmstore.net www.ReverseMortgageStore.com NMLS #279499 Equal Housing Opportunity/ 411500