What's the Difference between a Wholesale Reverse Mortgage and a "Regular" Reverse Mortgage?

by Stephen
(Ft. Worth, TX)

What's a wholesale reverse mortgage? I understand a little bit about reverse mortgages, but have to be honest and say I've never heard this term before.


When one of my elderly relatives was wondering whether to get a reverse mortgage on his home, I got on the Internet and tried to find some information. I was surprised to find that there were a variety of reverse mortgage options out there.

At its most basic definition, a wholesale reverse mortgage is otherwise known as a reverse mortgage, though the ‘wholesale’ in the term is relatively new in the industry. What does it mean?

In a nutshell, a wholesale reverse mortgage lender is just another name associated with a wholesale lender who provides a variety of wholesale loan programs within the real estate industry.

In essence, a wholesale mortgage lender defines a lender that has the funds to lend and who uses mortgage brokers to secure a variety of loans for them.

In essence, they work with independent mortgage brokers as well as loan officers, which can increase the chances of qualifying for and setting terms for a reverse mortgage. It's rather confusing, and I have to admit that I don't totally understand the process.

If I don't understand the process, I caution against it, although at the same time encourage deeper research. I told my elderly relative to go to her local bank and get specific and detailed information before she signed anything.

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Mar 21, 2015
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Wholesale Reverse Mortgage
by: Anonymous

I too asked around about wholesale reverse mortgage, and, to my surprise, was unable to get a clear and concise answer from my own banker!

He did give me some sound advice and it seemed that this method could help extend finances for my dad. He did not save much when he was younger and it is becoming a struggle to make ends meet.

It pays to be wary about any type of loan, and it's extremely important to get as much information as you can before agreeing to anything, especially when it has to do with your home.

Mar 21, 2015
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Wholesale Reverse Mortgage
by: Anonymous

I know some mortgage lenders that are honest and do their best to obtain the best types of mortgages for their clients. Others, not so much.

I would recommend that anybody looking into a reverse mortgage talk to their local banker, or several, to get down to the nuts and bolts of the reverse mortgage industry as well as weighing the pros and cons of such.

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