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
HECM Reverse Mortgage Purchase Loans Increase With Hot Las Vegas & Reno Housing Markets! A recent article in the Las Vegas Review Journal reports Las Vegas as the most undervalued home market in the U.S.  According to Trulia, local home prices are 24% below what's justified by market fundamentals...
06/21/2013
 HECM Reverse Mortgage Purchase Loan or Conventional  Which Offer Should Sellers Accept?     Reverse Mortgage Purchase loans are a great option. Sellers and Real Estate Agents are getting more and more purchase offers with reverse mortgage loans for financing.  After I send my pre-approval letter...
06/19/2013
It was nice to see the article on reverse mortgages on Realtor.com, What Is The Benefit of a Reverse Mortgage  But I was surprised there was no mention of the Reverse Mortgage Purchase Program!  Real Estate Agents who have closed transactions that involve reverse mortgage financing will tell you ...
06/12/2013
The decision to take out a reverse mortgage opens up a wide range of topics to consider.  It is an important decision and should be thought out carefully.  A good practice is to use a basic decision making tool which is to create positive an negative lists. Brainstorm all of the outcomes, both po...
06/02/2013
I've worked with may attorney's, conservators and family members holding a power of attorney & successor trustees over the years in my reverse mortgage career. This is necessary when a person is not capable of handling their affairs.  Every time I start working with a new attorney and even with a...
03/31/2013
  Every now and then, someone tells me their afraid to get a reverse mortgage.  I understand it's a big decision, but I think the fear comes from the news media and the 'financial experts' that come on and instill fear in their viewers, listeners and readers.  Sometimes they spout off statements ...
03/20/2013
  Who are my reverse mortgage customers?By: Maggie O’Connell, Reverse Mortgage Specialist(800) 684-9438  A gentleman walked into my office the other day and asked who are my reverse mortgage customers.  My initial response was, homeowners who are at least 62 years old.  He said, yea yea, I know t...
12/22/2012
 By Maggie O'Connell I’ve been working with Louise and her daughter for about a month.  She came to me interested in learning about a reverse mortgage and was considering getting one for herself.  She was also talking to a large reverse mortgage company who was strongly advocating the fixed rate ...
11/24/2012
 By Maggie O'Connell  This was a great week.  We saved two homes from foreclosure.    One couple living in a small desert town in Nevada went in to a lender a few years ago to get money to do landscaping.  What they got was a loan with a balloon payment and the due date was now fast approaching. ...
08/05/2012
  This morning, I was watching C-Span as I drank my morning coffee.  A gentleman from the Association of Realtors was on discussing the housing market.  A woman called in and asked about reverse mortgages. She said many seniors are loosing their homes and asked if reverse mortgages can help.  The...
07/21/2012
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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