Reverse Mortgages in 2012 – Popularity Dwindling

image from allrmc.com.

It appears that popularity in the often controversial “reverse mortgage” is subsiding even as interest rates hover slightly above all time lows. For those that are new to (or researching) these products they are exactly what their name insinuates – the opposite of a conventional mortgage.

They are offered to people over the age of 62 only, which in and of itself has been the center point for a lot Read more…

MetLife Bank’s Mortgage Review(s) and Rates

Metlife Bank, primarily known for it’s insurance division, became a federally chartered bank in 2001 and offers consumers a wide range of banking products ranging from home loans, mortgages, reverse mortgages, mortgage refinancing as well as bank CDs and online savings accounts. Their banking division is rated amongst the top 100 commercial banking institutions in the United States and in 2008 created a special home financing division called MetLife Home Loans.

Today’s Read more…

Magyar Bank Mortgage Rates and Review(s)

Magyar bank, based out of New Jersey, has a number of fixed rate mortgages and ARMs (adjustable rate mortgages) offered at APR’s below the current national average. Their home loan product line consists of not only fixed and adjustable rate mortgages, but interest only mortgages, mortgage refinancing, jumbo mortgages, first time home buyer mortgages and reverse mortgages. They may also be able to customize a home loan or mortgage package with Read more…

Total Mortgage Services Review(s) and Rates

Total Mortgage Services, based out of Connecticut, claims to offer some of the lowest mortgage rates in the country. They offer an extensive range  of mortgage products including – fixed rate mortgages, adjustable rate mortgages, home refinance mortgage loans, jumbo mortgage loans, FHA mortgage loans, reverse mortgages, no closing cost mortgages, and first time home buyer mortgages (to name a few). The APR’s on their home loans are often significantly below Read more…