Another Reverse Mortgage Lender Closes 
Thursday, July 30, 2009, 09:42 PM
Posted by Administrator
Well another reverse mortgage lender shuts it doors. The reverse mortgage business is tough for many lenders to make the profits they are looking for and have had to leave the industry. We at WSB Mortgage Services, Inc. made a decision a few years ago to represent several lenders so that we could always be competitive in the marketplace for our clients.
This strategy has paid off for our clients in that we have had the ability to shop for the best programs for them and it has allowed us to be able to provide product without the concern of the lender shutting down.
Even if a lender we use like 1st Reverse shuts down we can easily move our clients to a company that is alive and well. If you are thinking about a reverse mortgage you owe it to yourself to get a quote from us since we will shop with at least 8 lenders to find you the best program.


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Congress May Keep Higher Limits 
Sunday, July 26, 2009, 03:19 PM
Posted by Administrator
There is a Bill in Congress that will allow the current limit of $625,000 in home value to remain through 2010 instead of dropping back to $417,000 on January 1st 2010.

Contact your Congressperson and Senator and let them know you are in favor of the higher limit, this will help seniors access more of their equity and help the economy at the same time.


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“Scrooged” 
Thursday, July 16, 2009, 07:23 AM
Posted by Administrator
I was just thinking about the movie “Scrooged” with Bill Murray at the end of the movie where he talks about people not being able to make their miracle happen and that we can help these people make their miracle happen by just offering a little something that we may have.

I feel that the reverse mortgage is sort of the same thing, if you know someone that is over age 62 and their retirement is not turning out to be all that they had hoped it would be then a reverse mortgage might be the very tool to help make their miracle happen.

Sometimes we think that whatever we do won’t make enough of a difference so we don’t even offer or provide any help. I see this often with the reverse mortgage, family or friends tell the senior don’t do it you are only going to save the $1,000 a month you are making in payments so it is not worth it. Really, last time I checked $1,000 per month was still a lot of money.

If you know someone that is not living a full life in retirement and they have equity in their home, check out the reverse mortgage calculator and see if we can’t help them make their miracle happen.


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Check out our Squidoo!  
Tuesday, July 14, 2009, 11:12 AM
Posted by Administrator
WSB Squidoo

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