Business-to-Business
Reverse Mortgages are dramatically increasing in popularity as people come to understand
their many possibilities. In 2008, the FHA insured over 100,000 Home Equity Conversion
Mortgages (commonly known as the government insured Reverse Mortgage) with the potential
of insuring over 150,000 in 2009 giving a 50% increase in 2009. The immense growth of this service is well warranted- as it is an excellent
vehicle for financial professionals to improve and enhance their senior clients’
lives. Robert M. Couch , the President of Ginnie Mae further illustrates this point,
"Reverse Mortgages are a good way for many seniors to stay in their homes, maintain
ownership, and access an additional stream of income to enhance their retirement."
Through proper education, more seniors are recognizing that the home they have financially
and emotionally invested in can now take care of them. By using a Reverse Mortgage
to access the equity accumulated over the years, seniors can live more comfortably
with independence and peace of mind.
Even with recent expansive growth, there is still a large untouched client base.
The total market potential for Reverse Mortgage customers is estimated at 65 million and
growing. Furthermore, projections show baby boomers as major consumers, first for
their parents, and then for themselves.
Stay In-Home Mortgage is committed to assist you in this promising opportunity.