Comments on: AARP Pushing For 625K HECM Loan Limit? http://reversemortgagedaily.com/2009/01/13/aarp-pushing-for-625k-hecm-loan-limit/ Reverse Mortgage News and Information Thu, 09 Sep 2010 01:15:00 -0700 http://wordpress.org/?v=2.9.2 hourly 1 By: Reverse Mortgage Uses | Seniors Finance Issues http://reversemortgagedaily.com/2009/01/13/aarp-pushing-for-625k-hecm-loan-limit/comment-page-1/#comment-17585 Reverse Mortgage Uses | Seniors Finance Issues Fri, 23 Jan 2009 20:26:22 +0000 http://reversemortgagedaily.com/2009/01/13/aarp-pushing-for-625k-hecm-loan-limit/#comment-17585 [...] AARP Pushing For 625K HECM Loan Limit [...] [...] AARP Pushing For 625K HECM Loan Limit [...]

]]> By: Larry Batch http://reversemortgagedaily.com/2009/01/13/aarp-pushing-for-625k-hecm-loan-limit/comment-page-1/#comment-16992 Larry Batch Fri, 16 Jan 2009 13:15:17 +0000 http://reversemortgagedaily.com/2009/01/13/aarp-pushing-for-625k-hecm-loan-limit/#comment-16992 to David and Russell. Russell first for your information England we could say did reverse mortgages but diffrent then today. a women in england in around 1940 bought property but instead of paying for it upfront she allowedn them to stay in the property and use the rent money to buy down the sale price.They say she did 5 properties that way some over again. could say she was the first real esate investor. To David: Wher is NRMLA they sold us out. we got a 417,000 kimit which has not helped me because of homes prices droping. secondly we did n't get the cap removed we lost much of our commission , we don't have the purchase program yet which we told oubout in november.Banks are coming in and wille making money with a 2.75 margin.Easer condo requrements same with manufactured homes, co-op. Only thing i see is our income whent down. And it must be great for banks as I see more and more coming into the market. Who is kidding who. NRMLA is for lenders and the name says. Were are we????????????????????? to David and Russell. Russell first for your information England we could say did reverse mortgages but diffrent then today. a women in england in around 1940 bought property but instead of paying for it upfront she allowedn them to stay in the property and use the rent money to buy down the sale price.They say she did 5 properties that way some over again. could say she was the first real esate investor.
To David: Wher is NRMLA they sold us out. we got a 417,000 kimit which has not helped me because of homes prices droping. secondly we did n’t get the cap removed we lost much of our commission , we don’t have the purchase program yet which we told oubout in november.Banks are coming in and wille making money with a 2.75 margin.Easer condo requrements same with manufactured homes, co-op. Only thing i see is our income whent down. And it must be great for banks as I see more and more coming into the market. Who is kidding who. NRMLA is for lenders and the name says. Were are we?????????????????????

]]> By: David Bernstein http://reversemortgagedaily.com/2009/01/13/aarp-pushing-for-625k-hecm-loan-limit/comment-page-1/#comment-16871 David Bernstein Thu, 15 Jan 2009 01:30:43 +0000 http://reversemortgagedaily.com/2009/01/13/aarp-pushing-for-625k-hecm-loan-limit/#comment-16871 To all; Sure a new program to hide! We presently have in place a product that can change the quality of life for many of our senior homeowners. (Not all, but many.) It is Federally Insured It is FHA Approved It is controlled by HUD With seniors and their loved ones educated by professional Reverse Mortgage Specialists, why hasn't one (1) public official yelled "hey senior homeowners and loved ones learn the pros and cons this misubderstood product...... Our government could and should inform all that it is possible to move forwad in Revese To all;

Sure a new program to hide!
We presently have in place a product that can change the quality of life for many of our senior homeowners.
(Not all, but many.)

It is Federally Insured
It is FHA Approved
It is controlled by HUD

With seniors and their loved ones educated by professional Reverse Mortgage Specialists, why hasn’t one (1) public official yelled “hey senior homeowners and loved ones learn the pros and cons this misubderstood product……

Our government could and should inform all that it is possible to move forwad in Revese

]]> By: david http://reversemortgagedaily.com/2009/01/13/aarp-pushing-for-625k-hecm-loan-limit/comment-page-1/#comment-16857 david Wed, 14 Jan 2009 20:18:40 +0000 http://reversemortgagedaily.com/2009/01/13/aarp-pushing-for-625k-hecm-loan-limit/#comment-16857 Where is NRMLA? Are they doing anything to get the limit increased to 625K? Where is NRMLA? Are they doing anything to get the limit increased to 625K?

]]> By: dduck http://reversemortgagedaily.com/2009/01/13/aarp-pushing-for-625k-hecm-loan-limit/comment-page-1/#comment-16855 dduck Wed, 14 Jan 2009 20:06:02 +0000 http://reversemortgagedaily.com/2009/01/13/aarp-pushing-for-625k-hecm-loan-limit/#comment-16855 I would encourage all you people in the RM industry and their friends to email your congress people. I Googled my senators and my House Representative's email address and pasted the AARP remark and my own personal message to them. It can't hurt, the squeaky wheel gets the oil. Oh, I also hope the "predators", the real ones don't pop out of the wood work with higher limits. I would encourage all you people in the RM industry and their friends to email your congress people. I Googled my senators and my House Representative’s email address and pasted the AARP remark and my own personal message to them.
It can’t hurt, the squeaky wheel gets the oil.
Oh, I also hope the “predators”, the real ones don’t pop out of the wood work with higher limits.

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