http://msireversemortgage.com MSI is your Reverse Mortgage Lender of Choice! Call us Toll Free: 855-901-3100 Fri, 18 Nov 2011 17:11:39 +0000 hourly 1 http://wordpress.org/?v=3.3 http://msireversemortgage.com/reverse-mortgage/aarpextend-life-of-investment-funds-with-reverse-mortgage-equity/#comment-45 Mike Wyrostek - Chicago Branch Manager Fri, 18 Nov 2011 17:11:39 +0000 http://msireversemortgage.com/?p=393#comment-45 Great article . Seniors fear they will out live their assets, a reverse mortgage will help extend the life of their investments funds , by using the reverse mortgage funds as their emergency fund. Great article . Seniors fear they will out live their assets, a reverse mortgage will help extend the life of their investments funds , by using the reverse mortgage funds as their emergency fund.

]]> http://msireversemortgage.com/reverse-mortgage/top-8-reverse-mortgage-myths-and-facts/#comment-26 Mike Wyrostek Tue, 01 Nov 2011 15:01:24 +0000 http://msireversemortgage.com/?p=313#comment-26 The same applies if the senior had a regular (or forward) mortgage on their property. The heirs would be responsible to pay that loan off regardless if it was a forward or reverse mortgage. The great thing about a reverse mortgage is it is a NON Recourse loan, meaning it is secured by the value of the home only. The estate is only responsible for what the home sold for. If the home is sold for less than what is owed on the reverse mortgage, the lender takes the loss, the estate IS NOT RESPONSIBLE for the difference. This is hugh benefit especially now with falling real estate values. If you would like more information please call us at 855 901 3100 or visit us at www.msireversemortgage.com The same applies if the senior had a regular (or forward) mortgage on their property. The heirs would be responsible to pay that loan off regardless if it was a forward or reverse mortgage. The great thing about a reverse mortgage is it is a NON Recourse loan, meaning it is secured by the value of the home only. The estate is only responsible for what the home sold for. If the home is sold for less than what is owed on the reverse mortgage, the lender takes the loss, the estate IS NOT RESPONSIBLE for the difference. This is hugh benefit especially now with falling real estate values.
If you would like more information please call us at 855 901 3100 or visit us at http://www.msireversemortgage.com

]]> http://msireversemortgage.com/reverse-mortgage/top-8-reverse-mortgage-myths-and-facts/#comment-21 Loan Modification Fri, 28 Oct 2011 06:14:05 +0000 http://msireversemortgage.com/?p=313#comment-21 These myth are common and still many people fail to realize the truth. One more interesting faith is that "Will heirs sell the home to pay off the mortgage?". once the borrower pass away, the mortgage due is laid on their heirs and they bear the responsibility to settle the mortgage. In such case, if they feel it as a burden, they simply sell the home and settle the loan. Moreover, Everyone has this fear inside. These myth are common and still many people fail to realize the truth. One more interesting faith is that “Will heirs sell the home to pay off the mortgage?”. once the borrower pass away, the mortgage due is laid on their heirs and they bear the responsibility to settle the mortgage. In such case, if they feel it as a burden, they simply sell the home and settle the loan. Moreover, Everyone has this fear inside.

]]> http://msireversemortgage.com/reverse-mortgage-blog/reverse-mortgages-as-a-financial-planning-tool/#comment-14 Presgraves83 Tue, 18 Oct 2011 21:41:45 +0000 http://msireversemortgage.com/?p=35#comment-14 It was nice to read your post. Thank you for posting this piece! It was nice to read your post. Thank you for posting this piece!

]]> http://msireversemortgage.com/about-reverse-mortgages/glossary-of-reverse-mortgage-terms/#comment-4 Shila Mon, 03 Oct 2011 04:45:05 +0000 http://msireversemortgage.com/?page_id=10#comment-4 I truly enjoy looking through on this site , it has superb blog posts. I truly enjoy looking through on this site , it has superb blog posts.

]]> http://msireversemortgage.com/reverse-mortgage-blog/reverse-mortgages-as-a-financial-planning-tool/#comment-3 Nancy Sat, 01 Oct 2011 22:26:42 +0000 http://msireversemortgage.com/?p=35#comment-3 Thanks for the share! Nancy.R Thanks for the share!
Nancy.R

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