Questions students should ask about a reverse mortgage

Common errors in your documents can be as simple as a name misspelled or a wrong number in an address, or as serious as incorrect loan amounts or missing pages.

Never pass up the opportunity to ask the recruiter or hiring manager questions, especially when you’re asked, "Now that I’ve learned more about you, do you have any questions about the job or the company?" The interview questions you ask are as important as the ones you answer, because they can see.

With these questions, the loan officer and the borrower can discuss whether it’s a good idea to get a reverse mortgage loan, and if so, if now is the time or if it would be better to wait.

Bankrate suggests potential borrowers should ask six questions, which address much of the misinformation about the reverse mortgage product. arguably the most important question a borrower should ask him or herself before starting the process is "Who am I working with?" the article says.

Low interest rates aren’t the end-all be-all when choosing the right mortgage broker. find out what questions you should ask as you’re shopping lenders.

The Ultimate Truth about Housing Affordability The Ultimate Truth about Housing Affordability First Time Home Buyers , For Buyers , For Sellers , Housing Market Updates , Move-Up Buyers / By Michael Peron There have been many headlines decrying an “affordability crisis” in the residential real estate market.

Best Student Loans;. Reverse mortgages are loans that enable homeowners aged 62 and older to convert part of their home’s equity into cash.. Here are a few questions you should ask yourself.

Here are ten questions you should ask yourself when you are considering a reverse mortgage. 1. Why Get a Reverse Mortgage? It is important to ask yourself why you are seeking a reverse. Our licensed specialists will be able to better customize the loan for you if they know why you want to get a reverse mortgage.

5 Questions To Ask Yourself Before Considering A Reverse Mortgage This type of home financing may or may not be the right loan for you. by AARP, December 11, 2007 | Comments: 0

Frequently Asked Questions About Reverse Mortgages What is a reverse mortgage? A reverse mortgage is a loan product that allows senior homeowners to convert home equity into cash.

You may want to ask yourself these ten questions when considering a reverse mortgage to ensure you are making the right choice for your specific financial needs.

Is Homeowner’s Insurance Required? Earthquake insurance is not required for a mortgage. You can shop around for the best policy and price on homeowners insurance. Some lenders may have recommendations for or relationships with homeowners insurance providers. VA borrowers will usually need to pay their first year’s insurance premium at or before closing.