September 15th, 2008 | by John | published in Alternatives, News, REX
As jumbo reverse mortgages continue to become harder to find and less competitive, taking a look at reverse mortgage alternatives like Equity Key and the REX agreement might be a better solution for some people. Both products offer a broker advisor type of program if you have a clients that are interested in learning more [...]
September 11th, 2008 | by John | published in Alternatives, News, Reverse Mortgage
Over the weekend, the New York Times featured an interview with Asheesh Advani, the president and chief executive of Virgin Money. Richard Branson, chairman of the Virgin Group, acquired a majority stake in Advani’s company which was formerly called CircleLending. While Virgin Money may not operate like a traditional bank which lends money, Virgin organizes [...]
August 26th, 2008 | by John | published in Alternatives, EquityKey, News, Reverse Mortgage
US News & World Report journalist Emily Brandon writes about San Diego, CA based Equity Key’s product which can be used as an alternative to a reverse mortgage. Equity Key’s product will provide a cash advance on a house in exchange for the right to share in the homes future appreciation. A typical borrower is [...]
June 9th, 2008 | by John | published in News, Reverse Mortgage, REX
Portfolio magazine included their Trouble Reverse? story in their top 5 stories email that I receive every morning. While the title of the story hints that the article would be negative, the overall tone of the article is pretty positive. This is the first article from a big publisher whose main focus isn’t on the [...]
December 29th, 2007 | by John | published in 1st Reverse, Liberty Reverse, LLS, Products, Reverse Mortgage, REX
Just a quick post to say “thank you” to our sponsors who make Reverse Mortgage Daily possible. 1st Reverse Financial Services – 1st Reverse Financial Services offers a complete Wholesale Correspondent Lending Program, featuring a wide assortment of Reverse Mortgage Products including the Fixed4Life™ Fixed Rate HECM, the Fixed4Life™ XL JUMBO Fixed and the HECM [...]
October 21st, 2007 | by John | published in Alternatives, Reverse Mortgage
CircleLending was recently bought by Richard Branson’s Virgin empire and last week they announced that they were rebranding the company as Virgin Money USA. We wrote about Circle Lending back in February when they released their Family Advantage (TM) product, which was marketed as a reverse mortgage alternative. “Our goal is simple-to provide a service [...]
