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Seattle Reverse Mortgage - The benefits and truth about reverse mortgage lending programs

Because of the complexity of any type of reverse mortgage it's important to find a lender that best suits your needs and a local representative - usually referred to as the originator - you feel comfortable dealing with and whose advice and charges of the product being offered are transparent and fair.

The three largest reverse mortgage lenders are FHA (also referred to as HUD or HECM), Fannie Mae and Financial Freedom. Each offers something a little different, so it's important to at leas
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t be a little familiar with the types of program each offers.

The FHA program is by far the most popular accounting for over 90% of the market. What makes it so popular is that it's a government-insured program. Each loan is guaranteed to be paid to the borrower regardless; whether the lender goes out of business or the value of the home is insufficient to meet the loan amount, the government guarantees the borrower will receive every penny they're entitled to.

The main disadvantage with this program is that the amount that can be borrowed is capped and varies from location to location with urban areas generally having a higher amount than rural areas. So, even if you own a very expensive home, you cannot borrow over a certain amount. You can determine how much you can borrow by using a reverse mortgage calculator.

The Fannie Mae program, known as 'Home Keeper' is also popular. In most respects it offers the same as a FHA with a few important differences. Firstly, the amount that can be borrowed is also capped but it is higher than that of a FHA. Couples can borrow less than those who choose a FHA, but a single person can usually borrow more. One downside is that a line of credit stays fixed and doesn't grow like it can do with an FHA. However, it has one big plus point for many borrowers: currently, it's the only lender to offer a reverse mortgage for home purchase, thereby allowing a borrower to purchase a retirement home with no monthly payments.

Financial Freedom also offers a HECM and Fannie Mae program, but it further offers a program called the Financial Freedom Plan that effectively has no restriction on the amount that can be borrowed. This is most attractive for those in more expensive homes that want to unlock greater amounts of cash from its equity.

One downside is that the Financial Freedom program is not available in all states.

Another differentiating factor between this proprietary program to that of both the FHA and Fannie Mae programs is that there is no option to receive a monthly payments. Instead the borrower must elect to receive the money as a line of credit or as a lump sum.

None of the above directly offers loans to the public. This is done through local representatives called originators. It's important to choose one who is local as face to face advice is essential. Note: most banks or other home loan lenders do not offer this type of loan.

The largest originators are Financial Freedom Plan, Wells Fargo Mortgage, Seattle Mortgage and GMAC, however, there are many more. You can find a local originator by contacting the National Reverse Mortgage Lenders Association (NRMLA), website www.reversemortgage.org. If you don't have a computer, you can get this information from your local library.

The above is a brief overview; follow the links for more detailed advice on reverse mortgage lenders [http://www.findyourreversemortgage.co...] and a reverse mortgage calculator as well as more reverse mortgage [http://www.findyourreversemortgage.com] information.

Article Source: https://EzineArticles.com/expert/Robi...

Article Source: http://EzineArticles.com/1316565

Do you need a Reverse Mortgage in Seattle? Check out the best in the northwest. Seattle Reverse Mortgage will help you to accomplish your goals...


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Call 1-844-666-3490 to get the help you've been searching for and finally break your addiction at one of the Drug and Alcohol Treatment Centers in Covington, WA.

In the past few years, many incidences of substance abuse and addiction have grown in the state of Washington. Treatment centers all over the state have reported greater numbers of admissions due to alcohol, prescription narcotic, heroin, methamphetamine, and marijuana dependencies. To deal with the increasing number threats of overdose and drug-related deaths, officials in Washington State have embraced new thoughts concernin
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g addiction, including highlighting the benefits of early intervention and aiming for help in treatment centers. Washington State, like other well informed areas of the country, has been driven in endeavors to beat the complicated disease of addiction.

Drug addiction isn't as simple and clear-cut as many people think. People mistakenly think that those who are addicted to drugs don't have the willpower or have certain moral principles. Drug addiction is actually very complicated and is a tremendous struggle to quit regardless of how strong their will is. Drugs affect the brain in various ways that make quitting extremely difficult. However, there are many forms of treatments that are available to help people recover from their addictions and lead a full and productive life.

Alcohol addiction or alcoholism is the inability to stop drinking with enormous cravings, which causes tremendous personal and social harm to individuals. Several symptoms of alcohol addiction include very frequently drinking excessively, having the desire to stop drinking but cannot, developing a high tolerance to alcohol, having withdrawal symptoms when not drinking, and pushing aside personal and professional responsibilities. Some people will even abuse alcohol alongside with other types of drugs such as painkillers.

Need more facts and info about Drugs & Alcohol Addiction, then feel free to check out some links below...
https://www.drugabuse.gov/publication...
https://www.addictioncenter.com/alcohol/

Hours Available for Consultations
Mondays: 24 hours
Tuesdays: 24 hours
Wednesdays: 24 hours
Thursdays: 24 hours
Fridays: 3:00am to 4:00pm
Saturdays: 8:00am to 12:00am
Sundays: 8:00am to 3:00am

Get the help you need today at one of the best drug and alcohol treatment centers in Covington WA
Call 1-844-666-3490

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For those that haven’t heard of the Warrior Diet, the basis of it is as follows:

Back when humans were required to hunt/gather we would have to hunt/kill/slaughter/cook our main meal before we could eat. During the day humans snacked on nuts, berries, and small bits of protein, but the most calories come at night.
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Next generation lead capturing technology tools that use exit intent software to 10x your lead captures. Check out it out yourself to see how many more leads you can talk to. Adding a l
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ead capture form to your business website has never been easier.
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WP Toolkit is an awesome plugin from Matt Garrett which launches on 30th May. Install it on your wordpress site and instantly get access to over 600 premium wordpress themes and plugins.
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There is rarely a person that is satisfied with his weight and doesn’t want to lose any. Although there are diets that are quick and fast, they are not always that efficient. But wouldn’t be great to lose weight and not be aware of it?

Well, it is possible, no money is needed, just you need to change few habits. It is simple you just need to walk more. Yes, you can lose weight, just by walking? But, how many steps a day you need to do in order to lose weight?
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