Reverse Mortgage Leads
- Thread starter insurpros
- Start date
- 385
Reverse TV is great....if your cross selling its even better. our firm generates over 500 TV calls per day on the Reverse mortgage side....our clients have ins with insurance companies that focus on seniors and they monetize those relationships...works well.
chrishemsworth
New Member
- 9
A Reverse Mortgage is considered in their eyes a rewarding solution. Another reason why this is so popular today is the home owners make no payments and all interest is added to the lien of the property.
Not according to Senator Fred Thompson
luxent
Expert
- 32
Why not just contact a mortgage leads company and let them pull up the leads for you? Works best.
Last edited:
Brian VerBurg
New Member
- 2
For the question about how to get list of recently purchased reverse mortgages you can easily obtain such a list from a title company such as First American. They will sell the lists. If you are a good client and have a rep at a title company they might even provide to you as a perk for using them.
As far as the comments on Reverse Mortgages. For the right borrower these loans are great. They allow people to stay in their home who could otherwise not afford to do so. For example we've done several for women who have lost their husband. They had a mortgage and without the husbands pension or SS they can no longer afford the payment. With the reverse mortgage they can stay in the home and do not have to make any payments. All reverse mortgages are non-recourse meaning you can't own more than the home is worth and if there is a deficit when the house sells (after death or they move out), the bank will not try and collect any loss from their estate. If there is equity it goes to their heirs. If anyone wants more information you can get it here: Reverse Mortgages in Orange County | Reverse Mortgage Lender OC
As far as the comments on Reverse Mortgages. For the right borrower these loans are great. They allow people to stay in their home who could otherwise not afford to do so. For example we've done several for women who have lost their husband. They had a mortgage and without the husbands pension or SS they can no longer afford the payment. With the reverse mortgage they can stay in the home and do not have to make any payments. All reverse mortgages are non-recourse meaning you can't own more than the home is worth and if there is a deficit when the house sells (after death or they move out), the bank will not try and collect any loss from their estate. If there is equity it goes to their heirs. If anyone wants more information you can get it here: Reverse Mortgages in Orange County | Reverse Mortgage Lender OC
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