NOW:53208:USA01012
http://widgets.journalinteractive.com/cache/JIResponseCacher.ashx?duration=5&url=http%3A%2F%2Fdata.wp.myweather.net%2FeWxII%2F%3Fdata%3D*USA01012
79°
H 79° L 63°
Clear | 13MPH

Senior Home Owners see big changes to Reverse Mortgages

Sept. 17, 2013

Senior home owners, ages 62 and up will see drastic changes to the Reverse Mortgage program starting 9-28-2013.
If you are considering reverse mortgage,with NO monthly payment,you must act quickly. If you do not get a Counseling Certificate and a FHA case Number, ordered by your lender by 9-28-13, your ability to tap in to unused equity will be limited significantly.
You must contact a local lender like American Mortgage & Equity Consultants(414-255-3999), to get exact instructions how to protect your home equity.
Reverse Mortgages use the equity in your home to eliminate current debt, pull cash out and enhance your quality of life while you may be on a fixed income.
This lending tool is great for senior home owners that are in need of using equity in their home that is otherwise un-obtainable under current circumstances. We do not have any income or credit requirement standards to complete these loans.
Don't hesitate to schedule for your counseling certificate. If you do not have this, you will not be eligible to get a case number and will be subject to the new guidelines, which will decrease how much of your equity can be used.

This site uses Facebook comments to make it easier for you to contribute. If you see a comment you would like to flag for spam or abuse, click the "x" in the upper right of it. By posting, you agree to our Terms of Use.

Suburban News Roundup

E-mail Newsletter

Your link to the biggest stories in the suburbs delivered Thursday mornings.


Enter your e-mail address above and click "Sign Up Now!" to begin receiving your e-mail newsletter
Get the Newsletter!

Login or Register to manage all your newsletter preferences.

Community Watch

» A Wauwatosa artist's unique work will be on display at the Firefly Art Fair 7/29

» Wauwatosa Meetings: July 30 7/29

» Wauwatosa West's inexperience affects season in close losses 7/29

» Six Wauwatosa East baseball players earn GMC honors on some level 7/29

» Land O'Lakes game brings back good memories 7/29

» Jr. Trojans set baseball tryouts for U9-U14 teams 7/28

» Tosa's Night Out set for Aug. 4 at Hart Park 7/28

» 'Milwaukee lion' spotted in Glendale Updated:  7/28

» Mayfair holds back-to-school style event 7/28

» Medical College of Wisconsin construction begins Aug. 3 7/24

» Therapy program's art gallery opening is this weekend 7/22

» The Suburban 16 Power Rankings: Watt, Niebrugge, and others on the next level 7/22

» The Landing at Hoyt Park has become destination for local musicians 7/22

» Wauwatosa West loses pitchers' duel to Pius in regional semifinal 7/22

» Where did the summer go? 7/22

» Sports Notes: July 23, 2015 7/22

» Pewaukee's fast start ends Wauwatosa East baseball team's season 7/22

» Initial Reaction Podcast: A dumb-sports-fan's guide to the Bucks arena financing situation 7/21

» Upcoming Wauwatosa meeting to discuss housing for people with disabilities 7/21

» Milwaukee Co. Zoo gains two snow leopards 7/20

» Meijer announces $25,000 donation to Wauwatosa Library 7/20

» Man shot, killed by Wauwatosa police was brandishing sword Updated:  7/18

» Wauwatosa early learning program to begin this fall 7/17

» GoPro perspective: Inside a firefighter training burn in Wauwatosa 7/17

» Chief Weber: Wauwatosa man killed by police was carrying sword, given 'numerous commands' to put down weapon 7/17

View All Posts Got a tip? Welcome rss

Advertisement

Advertisement

Hidden Tosa

 

"Hidden Tosa" is a semi-regular feature where reporter Rory Linnane explores the closed down and closed off parts of Wauwatosa.

2015 Writing Contest

 

(Click image for details)

Advertisement

Local Business Directory

CONNECT