Reverse Mortgage Information Provider Announces Search Results for 2012 Reverse Mortgage Terms

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One of the Nation’s top reverse mortgage information providers released figures on information regarding the reverse mortgage market for year end of 2012. The company states while the volume for reverse mortgages stayed steady for applications, there was a significant rise in some searches about information pertaining to reverse mortgages.

Reverse Mortgages

Information about reverse mortgages is all over the internet but some search terms were used more in 2012 by consumers than others. A reverse mortgage information provider states that terms like “reverse mortgage information” has risen 250% since 2004 and the search term “reverse mortgage faq” is up 80% in 2012 alone according to Google Trends. What this means for reverse mortgage lenders is there are more and more individuals qualifying for these types of mortgages and are interested in learning more about their options. A reverse mortgage is for qualified homeowners that are 62 or older that wish to stay in their homes and receive cash from the equity from the home.

The most common type of reverse mortgage is a Home Equity Conversion Mortgage, otherwise known as an HECM reverse mortgage; HEMCs constitute approximately 90% of the market for this type of loan. A HECM reverse mortgage is insured by the FHA, which implemented the program in 1989. Despite the advantages of obtaining an HECM reverse mortgage, relatively few homeowners have taken the initiative to try them out; less than 5% of seniors who qualify for this program have participated since the HECM reverse mortgage was first offered by the FHA. To be eligible for an HECM reverse mortgage, the property must be the main residence of the borrower. It must also be a single-family home, or a multiple-unit home with no more than four units; the borrower must live in one of the units. In addition, condos or manufactured homes can be considered for an HECM reverse mortgage as long as they meet HUD or FHA standards. The amount you may borrower will depend on, Age of the youngest borrower, Current interest rate Lesser of appraised value, or the HECM FHA mortgage limit of $625,500 or the sales price; and Initial Mortgage Insurance Premium--your choices are HECM Standard or HECM SAVER.
Those interested in a reverse mortgage can select from five payment plans:
1.    Tenure- equal monthly payments as long as at least one borrower lives and continues to occupy the property as a principal residence.
2.    Term- equal monthly payments for a fixed period of months selected.
3.    Line of Credit- unscheduled payments or in installments, at times and in an amount of your choosing until the line of credit is exhausted.
4.    Modified Tenure- combination of line of credit and scheduled monthly payments for as long as you remain in the home.
5.    Modified Term- combination of line of credit plus monthly payments for a fixed period of months selected by the borrower.

The most popular regions for reverse mortgage are Southern California and retirement area’s in Arizona and Florida to name a few. The reverse mortgage is appealing to some because there are no credit or income requirements for the loan. For more information about a reverse mortgage San Diego lender to discuss whether or not a reverse mortgage maybe right for them visit

Internet marketing professionals help the company promote the free reverse mortgage calculator online to help the by relaying the message about how important it is to reverse mortgage calculator if someone is considering applying for a reverse mortgage. continues its web presence by offering a one on one consultation at the office, or to visit the senior’s home and explain the process, and regularly posts reverse mortgage information on the company blog and social media pages. This information along with free consultations the company hopes to attract more senior citizens looking for a reverse mortgage. To read more on the company’s reverse mortgage Facebook page visit

About the Company: is a nationwide reverse mortgage information website that offers reverse mortgage information and connects prospective clients to qualified licensed reverse mortgage brokers and lenders to homeowners in San Diego California and throughout the United States. The company and its partners follow all rules and regulations regarding reverse mortgages. To learn more about the reverse mortgage Orange County service or a reverse mortgage San Diego lender, visit the company website to use their free reverse mortgage calculator,

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Mason Baxter
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