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A reverse mortgage is a mortgage loan, usually secured by a residential property, that enables the borrower to access the unencumbered value of the property. The loans are typically promoted to older homeowners and typically do not require monthly mortgage payments.
2. Pay your mortgage with automated withdrawals. Choosing automated withdrawals pulled from your checking or savings account is another easy option to make sure you pay your mortgage on time each ...
The amount you can borrow with a reverse mortgage depends on your age, your home's appraised value, current interest rates, the reverse mortgage program you choose and the principal limit factor ...
William R. Bartmann (1948 – November 29, 2016) was the founder and CEO of CFS2, Inc, a consumer financial recovery company based in Tulsa, Oklahoma.From 1986 to 1999, Bartmann served as CEO of Commercial Financial Services Inc., the nation's biggest debt collection company. [1]
Here’s how to pay back a reverse mortgage. When do you need to pay back a reverse mortgage? A reverse mortgage must be repaid in full if the last surviving borrower or eligible non-borrowing spouse:
In 2012, Tulsa was ranked second for young people to find a job by the Fiscal Times. [14] Engine Advocacy ranked the Tulsa metro as being one of the fastest growing high tech cities in the nation, 2010-2012, [ 15 ] and the city was expected to have continuous growth throughout 2013. [ 16 ]
BOK Financial Corporation — pronounced as letters, "B-O-K" — is a financial services holding company headquartered in Tulsa, Oklahoma.Offering a full complement of retail and commercial banking products and services across the American Midwest and Southwest, the company is one of the 50 largest financial services firms in the U.S., [2] and the largest in Oklahoma.
The most common type of reverse mortgage is a Home Equity Conversion Mortgage (HECM), for borrowers ages 62 and older. Some reverse mortgage lenders offer other options for borrowers ages 55 and ...