Reverse Mortgages: Live Pricing

j03826741For years prior, reverse mortgages were fairly constant. That is, we were in a fairly stable environment. Today, with the credit crunch that we find ourselves in, the issue is anything but stable. Where home values are a major problem in all parts of the country, and interest rates are at all time lows, the industry is in a position that it hasn’t ever seen. In fact, I just read a blog recently that did a great job of explaining more of the details and how our products are now based on “live pricing” rather than the stable pricing of the past.  Check out this blog entry to better understand how we got to be where we are today: http://reversemortgageloanblog.com/2009/04/21/credit-crisis-alters-reverse-mortgage-rules/#more-625.

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