Santa Ana, CA -- (ReleaseWire) -- 11/29/2006 -- Orange County California-based Reverse Mortgage USA Specializes in FHA insured Reverse Mortgages and currently serves all of California and Hawaii. Recent improvements in the efficiency of processing these loans has decreased the company's costs, allowing them to pass those savings on to the Seniors they help.

"Many people that could benefit from a Reverse Mortgage have been reluctant to go forward due to the high initial costs." Said Vince Welter, President of Reverse Mortgage USA, noting that a big percentage of those costs are actually set by the FHA.

"As our volume of loans has increased, we have been able to streamline many of our systems for the processing of the loans. This has allowed us to significantly lower our costs. " said Welter. "This means we can offer what we believe to be the lowest cost FHA Reverse Mortgage in the State of California. The absolute most anyone will pay in origination fees is $2499, and if the borrower is willing to have the FHA required counseling done in person, we lower it to $2000. This results in putting an extra $5000 in the pockets of our senior borrowers. All they have to do is visit www.revmousa.com to find out more."

A Reverse Mortgage enables homeowners who are 62 and older to turn part of their home's value into immediate cash, for any purpose, and with no repayment for as long as they live in their home, and in the case of a married couple, for as long as one of them lives in the home.

The purpose of the Reverse Mortgage is to turn what was once inaccessible --- the value of one's home --- into a liquid asset for use by seniors at a time when they need it most. "Seniors have worked hard for the equity in their homes; this program allows seniors to forget about making house payments and enjoy life", said Welter "We seek to educate the public at-large and seniors specifically about access to this valuable resource, and provide it at the lowest possible cost to the borrower"

For more information on this press release visit: http://www.releasewire.com/press-releases/release-3.htm

Santa Ana, CA -- (ReleaseWire) -- 11/14/2006 -- Orange County California-based Reverse Mortgage USA helps many seniors each year prevent the financial difficulties that often will follow the death of a spouse using a Government insured Reverse Mortgage.

"Higher energy bills, rising medical expenses and the increasing cost of living, all contribute to serious financial concerns." Said Vince Welter, President of Reverse Mortgage USA, noting that the ability for many seniors to make ends meet and afford to stay in their home is becoming more difficult.

"Many people forget that it is unlikely both spouses will die at the same time. Many senior couples live solely on their Social Security payments. Upon the death of a spouse, the remaining spouse will no longer have the Social Security income of the deceased spouse. " said Welter. "Seniors most susceptible to this potential financial disaster are those still making mortgage payments."

A Reverse Mortgage enables homeowners who are 62 and older to turn part of their home's value into immediate cash, for any purpose, and with no repayment for as long as they live in their home, and in the case of a married couple, for as long as one of them lives in the home.

The purpose of the Reverse Mortgage is to turn what was once inaccessible --- the value of one's home --- into a liquid asset for use by seniors at a time when they need it most. "Seniors have worked hard for the equity in their homes; this program allows seniors to know that their surviving spouse won't have to worry about making house payments", said Welter "We seek to educate the public at-large and seniors specifically about access to this valuable resource."

For more information on this press release visit: http://www.releasewire.com/press-releases/release-3.htm

Orange County California-based Reverse Mortgage USA helps many seniors each year escape the grasp of foreclosure using a Government insured Reverse Mortgage.

Santa Ana, CA -- (ReleaseWire) -- 10/27/2006 -- Santa Ana California based Reverse Mortgage USA Specializes in FHA insured Reverse Mortgages and currently serves all of California and Hawaii. Each month they are seeing more and more seniors facing a serious financial dilemma.

"Rising medical expenses, higher energy bills, and the increasing cost of property taxes, homeowners' insurance, and property maintenance, all contribute to serious financial concerns." Said Giju Nair, CFO of Reverse Mortgage USA, noting that the ability for many aging family members to make ends meet and afford to stay in their home is becoming more difficult. "The great thing about a Reverse Mortgage when facing a difficult situation such as a foreclosure, is that there are no credit or income requirements to qualify"

Rising debt can be the first sign that aging family members are no longer able to maintain their current standard of living. According to a September 2006 study by the Employee Benefit Research Institute (EBRI), the level of debt for those 75 or older has substantially increased, potentially risking financing their remaining retirement years. The debt for these senior adults increased in 2004 to 40.3 percent, up from 29.0 percent in 2001.

"The rising number of foreclosures across the country has led to a dramatic increase in "foreclosure investors", many of whom may try to take advantage of a senior in this horrible situation. Many seniors we talk to in this situation are unaware that a Reverse Mortgage could be their saving grace," said Nair.

A Reverse Mortgage enables homeowners who are 62 and older to turn part of their home's value into immediate cash, for any purpose, and with no repayment for as long as they live in their home.

The purpose of the Reverse Mortgage is to turn what was once inaccessible --- the value of one's home --- into a liquid asset for use by seniors at a time when they need it most. "Seniors have worked hard for the equity in their homes; finally there's a way that these earnings can be accessed in a great time of need without any income or credit requirement" said Nair, "We seek to educate the public at-large and seniors specifically about access to this valuable resource."

For more information on this press release visit: http://www.releasewire.com/press-releases/release-3.htm

California based Reverse Mortgage USA is a member of a select group specializing in Reverse Mortgages. Company sees over 100% increase in loan volume over previous fiscal year.

Santa Ana, CA -- (ReleaseWire) -- 10/23/2006 -- Orange County – California-based Reverse Mortgage USA Specializes in FHA insured Reverse Mortgages. It currently services the entire State of California as well as Hawaii. In addition to its increased closing rate , Reverse Mortgage USA ranks among the top five percent in the field of almost 1000 Reverse Mortgage lenders nationwide.

" We are proud of our ranking --- it proves our high regard for customer service --- especially since it's HUD, not the lender, that sets the rates and terms in a Reverse Mortgage. That means all lenders offer the exact same programs," said Vince Welter, President of Reverse Mortgage USA, noting the differentiation between traditional mortgages that can be shopped according to rates and terms. "Our growth has been won through superior knowledge about the program, understanding the needs of seniors and delivering."

The wave of baby-boomers entering their retirement years, and those working on behalf of their elderly parents who face escalating living and healthcare costs, has caused the popularity of the federally regulated reverse mortgage industry to rise.

Nationwide, 75% of all reverse mortgages are closed by 5% of lenders, an elite group specializing in this unique mortgage program. In the last two years, Reverse Mortgages have jumped 238%.

"While there are many good lenders in the country who offer Reverse Mortgages, there are only a handful that truly specialize in this program. This is a critical distinction. This program is so unique from other types of mortgages, even skilled loan officers find they must relearn the program each time they attempt to fulfill. Reverse Mortgage USA specializes in reverse mortgages. We know what we're doing and recent stats depict our expertise," said Welter.

Reverse Mortgages have been around for years, but it wasn't until the early '90s after the Federal Housing Administration started regulating and insuring the program, such began earning respectability.

The purpose of the Reverse Mortgage is to turn what was once inaccessible --- the value of one's home --- into a liquid asset for use by seniors at a time when they need it most. "Seniors have worked hard for what they've earned; finally there's recognition that these earnings can be accessed without the penalty of moving, or high payments. They can use what they have built to live comfortably. It is a way to realize the benefits of homeownership and equity building like no other!" said Welter, "We seek to educate the public at-large and seniors specifically about access to this valuable resource."

For more information on this press release visit: http://www.releasewire.com/press-releases/release-3.htm