Articles About Finance And Refinancing

MLS Reverse Mortgage Now Offers Fixed Rate Reverse Mortgages

Auburn, CA (PRWEB) May 24, 2007 -- The fixed rate Home Equity Conversion Mortgage (HECM) eliminates the risk of adjustable-rate mortgages. With the HECM Fixed Rate loan, the borrower has the comfort of knowing exactly what their interest rate will be for the life of the loan and the certainty that the rate will never increase. In addition, since the interest accrual is known, borrowers will have the comfort of knowing exactly how much they may pass on to their estate.

"The reverse mortgage market is evolving very rapidly," said Mike Borba, President and CEO of Borba Investments, Inc. dba MLS Reverse Mortgage. "Now is the perfect time to offer more options to senior homeowners."

The HECM Fixed Rate is a Federally Insured reverse mortgage. The FHA requires third-party counseling for all HECM products.

The HECM Fixed Rate has an interest rate comparable to a conventional 30-year fixed rate loan. The benefit is that no mortgage payments are required as long as the borrower lives in their home. Some seniors are willing to take a slightly higher interest rate than the adjustable rate HECM for the security of knowing exactly what their rate will be for as long as they are in their home.

"Reverse Mortgage" seems to be the new buzzword in the lending industry. But, what is a Reverse Mortgage? A majority of senior homeowners would like to stay in their own homes throughout their retirement years. However, everything from rising healthcare costs to increasing home maintenance expenses are making that more and more difficult. As a response to the apparent problem, the U.S. government created a financial solution for homeowners 62 and older. The solution is called a Reverse Mortgage and it may just help seniors truly enjoy their retirement years. A reverse mortgage enables homeowners 62 or older to convert part of the equity in their homes into tax-free income without having to sell their home, give up title, or take on a new monthly mortgage payment.

MLS Reverse Mortgage is headquartered at 13478 Luther Road, Suite C, Auburn, CA and can be reached at 1-888-888-4834 or on the Internet at http://www.LearnAboutReverseMortgages.com.

###

Other Article Sites

findabook.com  moneycd.info  a-mortgage.info   about-lemon-laws.info  aboutstudentloans.info
all-about-publishing.info  auctions-articles.info  bestcollege-university.com  bestispconnection.com
biblefolder.com  blogger-website.com  books-used.info  brokers-guide.info  buywindows.info  cable-dsl.info
career-miner.com  carpel-tunnel.info  cashinaflash.info  cashloanreviews.info  casinobell.com  chat-house.info
clearmycredit.info  collegeloantips.info  crones.info  depression-articles.info   dirnic.net  dishguides.info
divers-below.com  expodog.info   financewizz.com  fire-insurance.info  getgood.info  handleit.net   it-idea.info
health-supplies.info  hosting-right.com  insidealert.com  insurance-facts.info  jobs-employment.info
justgood.info  lookgold.net   lowcost-travel.info  money-source.info  myhostzone.info  numisblog.com
peoplesearchfinder.info  pr-articles.info  realeas.com   refinancing-guides.info  spyware-remove.info
telelot.info  the-law.info   toppaid.info  travel-deals.info  travelcorrect.com  wedding-guide-site.com
your-blog.info  your-credit.info

MORE ARTICLES:

Lucas Group Appoints John DeLucia as Executive Senior Partner ? Accounting & Finance Division
Lucas Group, a respected leader in professional recruiting, recently John DeLucia as Executive Senior Partner within the Accounting & Finance Division, Atlanta, GA. Lucas Group is one of the nation?s largest executive recruitment firms that built a reputation for successfully providing human capital placements in multiple markets and industries.

Loan Interest Terms And The Easiest Loans To Get
Interest is one of the major costs of a loan When you sign a loan contract you are agreeing to all the terms, including the interest rate

How to Get a Credit Card with No Credit History
Your reliability as a potential consumer is checked by looking at your credit history. If there is no history then the credit company has no information on your spending habits and will therefore not take a chance on giving you a loan account. On the other hand a bad credit history will be just as detrimental to you.

Countrywide Home Loans Encourages Homeowners to Conduct Annual Mortgage Check Up
Homeowners should regularly reevaluate their home loans for refinance opportunities.

Reverse Mortgage Myths Exposed!
Determining the truth about reverse mortgages can become a head ache, if you don't have the right information You need to be educated on the different programs available, so that you can make the best decision for your personal needs

Lawsuit Cash Advance! No-Risk Loan!! How does it work?
Lawsuit Cash Advance! How does it work?

How to Find the Best Debt Consolidation Secured Loan
If debt is a way of life for you, it's time for you to consider finding a debt consolidation secured loan. This loan is designed so that you can pay off some or all of your debt, leaving you with a single low monthly payment instead of multiple payments that keep increasing as time goes by.

Biotech Finance Prodigy Sets Sights on New Music Label, Providence Records LLC
From Behemoth Biotech to Beautiful Ballads: Kevin Vass, a finance employee at Amgen, takes his business skills to the world of music by starting a record label to launch his wife's debut crossover classical album.

The Credit Card Industry Could Face Tough Changes
There has been a recent move to force credit card companies to review and rewrite some of their more controversial practices Right now, consumers are complaining that they are at the mercy of the industry?s whims

Understanding the Mortgage Process
Let's start from the beginning, what exactly is a mortgage This is a type of loan that is used to buy real estate

Titan Lenders Corp Integrates DocMagic with Cerberyx Platform: Mortgage Back Office Services Provider Cites Strong Investor Relationships as Key Be
Titan Lenders Corp., a mortgage back office fulfillment services provider specializing in closing, funding, and post closing services has integrated with DocMagic mortgage document solutions from Document Systems Inc. (DSI), in Carson, Calif., with its own Cerberyx closing and post-closing platform. DSI develops mortgage technology for compliant loan document preparation, delivery and customer contact management systems.

Credit Card Offers: Now Consumers Can Identify a Truly Golden Offer from Fool's Gold Promises?
Most consumers would love to own a gold-status credit card, but how are they supposed to know if it's a genuine 24K offer or not? Is the Credit Card Company Well-Known?: It's possible that an unfamiliar credit card name may in fact be a part or under a bigger and multi-national credit card company. Now there's a way to tell them all apart.

Credit Card Creep + ?gUniversal Default?h ?? 125%
It was one of those extra special Saturdays with a crisp coolness in the air. The sun was shining brightly through the front windshield so much so that the visor had to be lowered. Having left early from his part time job, Travis stopped at a convenience store to pick some beer and food. Three friends were meeting at his house to watch the Notre Dame versus Michigan football game. The wives were coming along later to enjoy a late cook out and to enjoy the newly installed heated spa and pool. Travis and Penny had acted on a promise they had made to themselves when they bought the home four years ago. A primary requirement, beyond the three bedrooms, two baths with a two car garage and large family room, was the need for a large lot that woul...

A Personal Mortgage Experience
I don't know what the mortgage situation is around the world but here in England the mortgage industry is a constant point of debate. It used to be that everyone aspired to having a mortgage on a nice home – you know the kind of house with enough rooms to cater for the average family with 2.