Reverse Mortgage Real Estate Prospects
Reverse Mortgage Real Estate Prospects 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. Similarly, Reverse Mortgages prospects are also known as Home Equity Conversion Mortgages (HECM). They are taking out a loan on a home where the borrower holds substantial equity, usually 50-60% minimum. The portion of the house that the borrower has paid off, known as equity, is the collateral for the new home equity or reverse mortgage loan. HECMs can apply to regular second mortgages (home equity loans), but mainly the term applies to reverse mortgages.
Reverse Mortgage prospect leads, and with this massive victory for the HECM program and the most recent program changes that took place last year, everything is finally falling into place for the Reverse Mortgage industry.
As a matter of fact, reverse mortgage prospect leads are motivated sellers. There are tens of thousands of quality prospects in the marketplace who could benefit from Reverse mortgage prospect leads.
ForeclosuresDaily has provided you with the tools in the toolbox since 2004.
- Geography (zip-code, county, state)
- Current home value
- Estimated current equity in the home
- Mortgage Information
- Age of Homeowner
- Presence of Spouse in Household
- Estimated household income
- Telephone number when available
- Ethnic surname overlays
What is the ForeclosuresDaily difference?
We connect our customers with motivated real estate sellers. We deliver.
Unlike our competitors with a turnaround time of 1-3 months old leads. We here at Foreclosures Daily understand the importance of having new data!
ForeclosuresDaily.com has been the #1 nationwide real estate lead provider Since 2004.