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
36°
H 37° L 32°
Cloudy | 18MPH

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

» Power restored to Eisenhower after classes canceled 12:56 PM

» Wauwatosa police say train death was accidental Updated:  10/30

» Photo Gallery: WIAA state soccer tourney day one 10/30

» Four-story apartment building proposed for Hall Automotive site 10/30

» Apartments planned at Hall Automotive site in Tosa Updated:  10/30

» Little Read Book in Wauwatosa has author signing Sunday 10/30

» Pedestrian struck, killed by train in Wauwatosa Updated:  10/29

» Suburban roundup: Week one of the WIAA football postseason 10/27

» New Mayfair parking structure to open tonight 10/24

» The Malt Shoppe opens Friday in Wauwatosa 10/23

» Poll: Which area team will win a state football title? 10/22

» Wauwatosa negotiating financial aid for Underwood apartments 10/22

» T.J. Maxx opening Oct. 30 in Wauwatosa 10/20

» Across Wisconsin, uneven property assessments fly in the face of fairness Updated:  10/19

» Preps football photos of the week: Week 9 10/17

» 500 free winter emergency kits given away at Mayfair tomorrow 10/17

» Camp Bar Tosa opens Saturday 10/17

» The Malt Shoppe grand opening party is Oct. 24-26 10/15

» JCPenney Furniture Outlet receives bomb threat 10/15

» Former Maharaja partner plans Indian restaurant for Wauwatosa 10/13

» New antique shop could replace Twirly Birds in Wauwatosa Village 10/13

» Preps football photos of the week: Week 8 10/10

» ID not required for voting 10/10

» Corner Bakery announces Oct. 20 opening 10/9

» Pizza Man to open second location at The Mayfair Collection 10/9

View All Posts Got a tip? Welcome rss
Deal Watch - Milwaukee

Milwaukee's Best Discounts & Deals

Advertisement

Hidden Tosa

 

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

Local Business Directory

CONNECT