Members of Generation X may now qualify for reverse mortgages with this lower minimum age requirement
Reverse Mortgage Funding, LLC (RMF) is taking a new approach to the borrower qualification process for those seeking a reverse mortgage. The process was created to drive efficiency during the approval process and increase reverse mortgage market growth
The aging population has put tools like reverse mortgages in high demand. It’s also straining community services like Meals on Wheels. RMF is proud to help.
Reverse Mortgage Investment Trust (RMIT), the parent company of leading reverse mortgage lender Reverse Mortgage Funding, LLC (RMF) has announced the successful completion of its acquisition by an affiliate of Starwood Capital Group, a global private investment firm which is focused on real estate investments and which maintains more than $60 billion of assets under management.
Reverse Mortgage Funding LLC has announced the launch of its proprietary product’s line of credit option. The Equity Elite® Line of Credit is a powerful financial tool geared towards the unique needs of those age 60* and older. It combines the power of a traditional Home Equity Line of Credit (HELOC) and the flexibility of a reverse mortgage into one versatile product—and has attractive advantages over other proprietary lines of credit.
The pioneering Equity Edge Reverse Mortgage™ — designed for higher-value homes and available to homeowners as young as 60 — will launch in California, Florida, New Jersey, Oregon and Virginia; rollout to additional states expected shortly
U.S. News and World Report released an article, “Strengthen Your Retirement Security in 7 Steps,” that provides tips you can use as you prepare for retirement, or while you’re retired. When discussing the financial burdens that can be caused by the cost of housing in retirement, this article mentions reverse mortgages as an option to consider when seeking ways to financially strengthen your retirement.
Dr. Wade Pfau, PhD, Professor of Retirement Income at The American College, penned an article for Forbes that provides a thorough history of reverse mortgages. Not sure if this a reverse mortgage is right for you? Wish you had more background information on this financial option?
Larry set reasonable expectations Larry was accessible and helpful throughout the HECM process. He set reasonable expectations at the outset and met them throughout.
Ian & Andrea E — Aug 23, 2022
We Started this Process During the Shutdown We started this process during the shutdown. During our process HUD changed the income verification process and we had to submit additional documents to underwriting,. Even though it could have been very stressful Larry guided and educated us through the process. He made what could have been a negative experience into a positive and exciting experience.
Eric & Roxanne E — Aug 26, 2020
Professional, Knowledgeable, Responsive Larry was terrific. Very professional, knowledgeable and responsive.
John & Carol L — Oct 27, 2016