AAG launches jumbo reverse mortgage product

Unlike a traditional reverse mortgage loan, the AAG Advantage jumbo loan is a private reverse mortgage offering that allows borrowers to access up to $4 million of their home equity in tax-free* cash. The loan has a fixed rate and allows you to take out the money in one lump sum at closing.

Finance of America Reverse unveils proprietary reverse. – Finance of America Reverse has released yet another addition to its suite of proprietary reverse mortgages, unveiling Friday the HomeSafe Select.. Unlike other non-agency reverse mortgage loans on the market – some of which are fixed-rate, full draw – the HomeSafe Select offers borrowers access to 25% of their proceeds upfront, with the remainder available in a growing line of credit.

After announcing it was getting into the reverse mortgage. new product development, BNY Mellon does not have any specifics to share currently-though Gordon says interest remains high. “We.

Here’s how a dodgy network of commercial mortgage brokers may cost Morgan Management their multifamily empire Commercial Mortgage Unlimited LLC is a nationwide correspondent lender who offers a wide range of loan products the banks simply do not offer. Our goal is to help investors reach their financial needs whether its a auto repair shop that needs renovation or a refinance.

jumbo reverse mortgage with the launch of its Equity Elite product. The Equity Elite is a full-draw, fixed rate, privately insured reverse mortgage that has a maximum loan amount of $4 million. It is.

ORANGE, Calif.–(BUSINESS WIRE)–american advisors group (AAG), the leading reverse mortgage lender in the nation, is pleased to announce it has launched a jumbo reverse mortgage loan, called the.

American Advisors Group (AAG) today announced the launch of a jumbo reverse mortgage product that will allow borrowers the opportunity to borrow up to $3 million in loan proceeds. dubbed aag advantage, the new loan will enable qualified borrowers to obtain a reverse mortgage on properties valued at up to $6 million-far greater than the [.]

Veros confirmed as FHA mortgage-appraisal portal partner The company is selective about who is placed in the service. approved amcs that are listed on the site are able to facilitate online ordering, automated collateral reviews, high volume production, superior customer service and direct integration to the GSEs’ Uniform Collateral Data Portal (UCDP).California foreclosures set to surge  · Americans celebrate Franklin D Roosevelt as the president who led them out of the Great Depression of the 1930s and through the greatest global conflict in history.

 · Tulsa homeowners aged 62 and older can supplement retirement income with a reverse mortgage. Reverse mortgages are loans awarded based on the age of the borrower and the equity in the home. We found the best reverse mortgage companies that offer excellent customer service and provide financial freedom to retirees in Tulsa.

California’s labor market recovers all jobs lost during recession California outpaced. a slower rate of job growth over the last year, and still has not recovered the number of jobs lost during the recession. But because of the sheer size of the county, it was.CoreLogic: 43,000 foreclosures complete in June 2015 About 43,000 foreclosures were completed in June – an increase of about 4.8% compared with the approximately 41,000 reported in May but a decrease of about 14.8% compared with the approximately 50,000 recorded in June 2014, according to CoreLogic.

 · And in product news American Advisors Group (AAG) announced the expansion of the new AAG Advantage Jumbo Reverse Mortgage Loan to wholesale partners in Colorado for properties valued up to $6 Million. “Colorado will be the seventh state to welcome this unique financial product which is also available on some non-fha approved properties and features no upfront or ongoing mortgage.

Obama administration expects new push for REO rentals It was enacted as part of a larger push away from large mental institutions. Four other states — California, Maryland, Massachusetts and New Hampshire — received approval during the Obama.