Mortgage News

Hampton Roads Right For Reverse Mortgages

In a recent study from Reverse Market Insight, the Hampton Roads Region was listed as a top twenty market for Reverse Mortgage growth.  What factors led to this designation?  Several areas were  considered, but here are a few of the prime reasons: Home price increases – for the second year in a row, the median sale price of existing homes increased from the previous year in 2013. While it was a modest 3.5%, it shows signs of some growth.[1] Numbers of eligible senior households – Hampton Roads has almost 132,000 senior households. Prior to 2013, only 6.67% of...

April 2nd, 2014 | Reverse Mortgage, home loans, mortgages, seniors, Hampton Roads Right For Reverse Mortgages