Reverse Mortgage Loans in North Carolina

For seniors older than 62 year of age who have equity in their North Carolina homes, a reverse mortgage provides tax-free income. During the term of the loan the North Carolina homeowner never gives up their title and is never forced to sell the home. The lender makes payments to the homeowner and not the other way around. Even if the lender pays out more money than the amount of equity left in the home, it is at the lenders expense and the homeowner always maintains their rights.

Consumer Safeguards

The federal government has mandated by law protections for seniors who decide a reverse mortgage loan is right for them. The main goal of these safeguards is to guarantee that North Carolina seniors maintain their homeowner rights and that they will not lose their home. These protections are part of the FHA HECM reverse mortgage loan products. For proprietary products the government has put together a set of best practices.

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Current Mortgage Rates

Loan Type	Rate	+/-	Last
30 yr fixed	5.74%	▲	5.72%
15 yr fixed	5.33%	▲	5.29%
5 / 1 ARM	5.19%	▼	5.31%
30 yr fixed jumbo	6.95%	▼	7.04%
5 / 1 jumbo ARM	6.17%	▼	6.19%

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Posted:
Fri, 09 May 2008

Title:
Understanding Reverse Mortgage Loan Fees

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Reverse Mortgage Loans North Carolina provides all the resources, tools and information to assist you in the process of buying a reverse mortgages. We will help you find a qualified mortgage specialist in your area to educate you. Reverse Mortgage Loans North Carolina facilitates matching you with a local brokers for reverse mortgages to ensure a successful loan. We have all the information you need to understand all the questions you may have about a reverse mortgages. For example, did you know that anyone aged 62 or over may meet the requirements to obtain reverse mortgages? Reverse Mortgage Loans North Carolina includes articles, frequently asked questions, and blogs with all the Reverse Mortgages questions and answers you can possibly think of. We encourage you to read our privacy policy and terms of use and hope that you enjoy using the Reverse Mortgage Loans North Carolina site.
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North Carolina is a state located on the Atlantic Seaboard in the southern region of the United States of America. It was one of the original Thirteen Colonies, originally known as Carolina, and the home of the first English colony in the Americas. On 20 May 1861, it became the last of the Confederate states to secede from the Union, and was readmitted on 4 July 1868. It was also the location of the first successful powered heavier-than-air flight by the Wright brothers at Kill Devil Hills near Kitty Hawk in 1903. Today, it is a fast-growing state with an increasingly diverse economy and population. As of 1 July 2006, the population estimate is 8,856,505 (a 10% increase since 1 April 2000), and the capital is Raleigh.

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