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Minnesota Reverse Mortgage Directory
Reverse Mortgage Specialist
Gary has been in mortgage lending for nearly thirty years.Over the years he has had the privilege of having articles published in national trade magazines, and has been interviewed on CNBC.He also had the opportunity to provide input to Congress on the FHA Revitalization Act. Read More
Gary Zimmermann
Reverse Mortgage Consultant
Phone - 262-744-3244
Email | Website
Minnesota Reverse Mortgage Specialists
Senior Reverse Mortgage Online is a national Reverse Mortgage Referral Service. We are currently accepting Minnesota reverse mortgage directory listings in our Reverse Mortgage Directory. If you are a reverse mortgage broker or reverse mortgage lender, please Contact Us for directory listing details and costs.
About Reverse mortgages in MN
The reverse mortgage, often referred to as the Seniors Reverse Mortgageis a unique type of loan product that directly benefits seniors during their retirement years. The Minnesota Reverse Mortgage is growing in popularity, as is the reverse mortgage in general. Proof of this growing popularity can be found from the below numbers (as brought to you by NRMLA the National Reverse Mortgage Lenders Association.)
- 2005 - 48,493 homeowners took out a reverse mortgage
- 2006 - 86,639 homeowners took out a reverse mortgage
- 2007 - 132,252 homeowners took out a reverse mortgage
There are a variety of Minnesota reverse mortgages available. The most popular reverse mortgage in Minnesota is the HECM. HECM stands for Home Equity Conversion Mortgage, and is usually what homeowners decide on when they consider getting a Reverse Mortgage. Minnesota reverse mortgages are fairly easy to obtain.
MN Reverse Mortgage Requirements
- >>Borrowers must be Age 62 years or older
- >>Own their home and have enough equity in to qualify
- >>Occupy the home as primary residence
- >>Receive counseling by an approved HUD/FHA counselor
- >>The home must be in reasonably good repair
Senior Reverse Mortgage Online is a national provider of reverse mortgages. As a Reverse Mortgage Company, we can offer the Minnesota reverse mortgages in every city across the state. For additional information about Minnesota reverse mortgages you may visit the following links. You may also Contact a loan officer today to see if a reverse mortgage is right for you.
Minnesota Reverse Mortgage Resources
The following reverse mortgage brokers and lenders offer reverse mortgages and other loan solutions in the state of Minnesota. Please contact them for additional details and program offerings.
Minnetonka Reverse Mortgage, Minneapolis Reverse Mortgage, St. Paul Reverse Mortgage
