Reverse Mortgage Prospects
Reverse Mortgage prospect leads will enable you to market directly to borrowers who are 62 years old and older and have an LTV (Loan To Value) of 60% or less on their home mortgage loan. Reverse Mortgages prospects are also known as Home Equity Conversion Mortgages (HECM) and this refers to taking out a loan on a home in which the borrower holds a substantial amount of equity, usually 50-60% minimum. The portion of the home that the borrower has paid off, or known as equity, is the collateral for the new home equity or reverse mortgage loan. HECM’s can apply to regular second mortgages (home equity loans) but mostly the term applies to reverse mortgages.
Reverse Mortgage prospect leads and with this huge victory for the HECM program, along with the most recent program changes that took place last year, it appears that everything is finally falling into place for the Reverse Mortgage industry.
Reverse mortgage prospect leads is a motivated sellers There are literally tens of thousands of quality prospects in the marketplace who could benefit from Reverse mortgage prospect leads.
If you are tired of getting reverse mortgage prospect leads that are old and outdated, or just not qualified, then you have come to the right place. Our reverse mortgage prospect leads are updated daily
ForeclosuresDaily provides you with the tools in the toolbox since 2004.
- Geography (zip-code, county, state)
- Current home value
- Estimated current equity in home
- Mortgage Information
- Age of Homeowner
- Presence of Spouse in Household
- Estimated household income
- Telephone number when available
- Ethnic surname overlays