Reverse mortgage industry leader Joe DeMarkey explained what the government insurance (i.e. FHA) means for reverse mortgage clients, to include the guarantee that clients will continue to receive payments from their reverse mortgage, even if their home depreciates or the lender goes out of business. Joe also explained the pros and cons of a second type of reverse mortgage, a.k.a. Jumbo or Proprietary Reverse Mortgages.
05.03.2023 - Reverse Mortgage
How Government Guarantees work with Reverse Mortgages
Presented by Joe DeMarkey,