Comments on: Reverse Mortgages — What The Calculators Don’t Say http://www.bestreversemortgage.com/reverse-mortgage/reverse-mortgages-what-the-calculators-dont-say/ The Unofficial Guide to Reverse Mortgages Fri, 29 Aug 2008 18:13:31 +0000 http://wordpress.org/?v=2.6 By: Peter Miller http://www.bestreversemortgage.com/reverse-mortgage/reverse-mortgages-what-the-calculators-dont-say/#comment-3 Peter Miller Thu, 14 Jun 2007 08:13:53 +0000 http://www.bestreversemortgage.com/reverse-mortgage/reverse-mortgages-what-the-calculators-dont-say/#comment-3 Steve -- Thanks for your note. The issue is not professionals and their salt, the issue is that many online calculators do not provide basic information that is important to borrowers. For instance, why not have online calculators that produce an amortization statement so reverse mortgage borrowers can see the full extent of their potential debt? That's important to lenders -- and it is no less important to borrowers. Steve –

Thanks for your note.

The issue is not professionals and their salt, the issue is that many online calculators do not provide basic information that is important to borrowers.

For instance, why not have online calculators that produce an amortization statement so reverse mortgage borrowers can see the full extent of their potential debt? That’s important to lenders — and it is no less important to borrowers.

]]> By: Stephen Lamoreaux http://www.bestreversemortgage.com/reverse-mortgage/reverse-mortgages-what-the-calculators-dont-say/#comment-2 Stephen Lamoreaux Wed, 13 Jun 2007 19:12:48 +0000 http://www.bestreversemortgage.com/reverse-mortgage/reverse-mortgages-what-the-calculators-dont-say/#comment-2 Peter, There is no reason you should not contact a reverse mortgage professional directly to get your questions answered. Any professional worth his salt should be willing to provide you this information without any obligation. If you cannot find someone locally, you are welcome to contact me (in CT) -- I have been solely specializing in reverse mortgage for over 4 years and spend much of my time educating folks about these programs. Peter,
There is no reason you should not contact a reverse mortgage professional directly to get your questions answered. Any professional worth his salt should be willing to provide you this information without any obligation. If you cannot find someone locally, you are welcome to contact me (in CT) — I have been solely specializing in reverse mortgage for over 4 years and spend much of my time educating folks about these programs.

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