Skip to main content

Reverse mortgages: Understanding the basics

National Mortgage Professional
Sep 25, 2007

Chase reclassifies properties of parents and children for borrowersMortgagePress.comBuying a home for a child or elderly parent Chase has announced a new mortgage program, Chase Family Opportunity Mortgage, specifically for borrowers that wish to buy a home for their children attending college or elderly parents. The program classifies the property in question as a second or vacation home, rather than a rental home (as would normally be the case), significantly reducing fees and interest. Certain restrictions apply. New York-based Chase is a home equity lender and subsidiary of JPMorgan Chase & Company. For more information, visit
Inventory Begins A Slow Recovery

Inventory grew 3.9% from April to May, according to Zillow's latest Market Report, after a year of steady decline.

Industry News
Jun 16, 2021
Mortgage Lenders Expect Profit Margins To Shrink

69% of lenders believe profit margins will decrease in the months ahead, while 19% believe profits will remain the same, and 11% believe profits will increase.

Industry News
Jun 14, 2021
Real Estate Industry Calls To End Eviction Moratorium On June 30, 2021

Expanding the moratorium will only increase levels of debt on renter households and impede the recovery of the housing sector.

Industry News
Jun 14, 2021
Fifth Third Bank Expands Down Payment Assistance Program

The program will provide up to $3,600 towards a down payment for families with low to moderate income.

Industry News
Jun 09, 2021
Filo Mortgage Launches Low-Rate Guarantee

National mortgage lender Filo Mortgage is offering to beat competitors' pricing by $1,000 with its Low-Rate Guarantee.

Industry News
Jun 08, 2021
FAU Index Shows Where Consumers Should Buy Or Rent

Consumers are better off renting in cities like Dallas, Texas

Industry News
Jun 07, 2021