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Real Estate
The Real Estate Adviser |
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September 14, 2006
The Real Estate Adviser: New reverse mortgage for higher-value homes
By TOM KELLY
Special to the Journal
Special to the Journal
Reverse Mortgage of America, a subsidiary of Seattle Mortgage and the third largest producer and servicer of reverse mortgages in the country, plans to roll out the first new reverse product in nearly a decade when its privately funded jumbo program — The Lifestyle Plan — hits the market in the next few weeks.
The new product initially will be available in Washington, Oregon and California. It will be marketed to the remainder of the country early next year.
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Previous columns:
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