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| Mortgage Professor about reverse annuity mortgage: | |||||||||||||||||||||||
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Which Reverse Mortgage Plan Do I Choose?
April 8, 2003 ?I am 79. The counselor I saw in connection with my reverse mortgage told me that Fannie Mae?s Home Keeper product would provide me with more money than FHA?s Home Equity Conversion Mortgage, but that Home Keeper would cost me more. The decision was mine ... more... Are Reverse Mortgages in the Mainstream? March 24, 2003 ?I read a lot about reverse mortgages and how they are becoming part of the financial mainstream. Is this true, and if so, why?? Reverse mortgages are picking up some steam, but they have a long way to go. A reverse mortgage is a loan to an ... more... |
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reverse annuity mortgage related definitions |
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Reverse Mortgage
Reverse Mortgage, Reverse Annuity Mortgage, RAM A form of mortgage in which the lender makes periodic payments to the borrower using the borrower's equity in the home. A mortgage used by the elderly that provides income as a way of converting their home equity into a ... more... Mortgage Baked Securities, MBS Mortgage Baked Securities, MBS Mortgage-backed securities (MBS) are bond or other financial obligation secured by a pool of mortgage loans. Mortgage loans are purchased from banks, mortgage companies, and other originators and then assembled into pools by purchasing entity. ... more... |
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