Boca Raton, FL (PRWEB) May 01, 2012
Thousands of geriatrics are turning 62 every single day. Over the next decade there will be over 18.9 million geriatrics looking to sell their homes. With this cash in hand the elderly will be able to live rent free and they will be able to enjoy their retirement without financial worry.
The fastest growing trend in the housing market is not short sales, foreclosures, or anything else that you may traditionally hear about in the news. Rather it’s the HECM market which is a reverse mortgage that is fully insured by the government and the federal housing administration.
Each and every property that is taken over by the administration goes through an in depth counseling where the homeowner is explained all of the minimal risks associated with reverse mortgages as well as the maximum property value of $625,000 that is paid out to interested parties.
Right now all 50 States in the USA are offering full service reverse mortgage solutions to the elderly. The process is said to quick, easy, and is filled with a much more honest field of suppliers as opposed
Even Costco is now offering a full service mortgage lending facility according to a recent CNN news piece. At least on a trial basis to see if there is enough demand while the elderly are grocery shopping to pick up information about how a home equity conversion mortgage can benefit an AARP member when it comes time to retire. Sun Trust, Bank of America, Chase, Wells Fargo, and PNC all have created programs to help make up for the loss in revenue from the fallout in the housing market.
These types of programs are created to help the elderly out when it comes time to retire. With a struggling economic system and shaky times with the fear, uncertainty, and doubt about social security it’s important to have a solid foundation that retirees can count on to access the funds needed to live comfortably the rest of their lives.
If you’re looking for information or a free quote on a reverse mortgage than http://www.reversemortgagesv.com is the number one solution or call 561-235-0689 to learn more today.
With offices located all over the country with concentrations in Boca Raton (south Florida headquarters), Maryland, California, and New York we can provide you a free quote within 24 hours 7 days a week.