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Boston Reverse Mortgage Leads
Author David Schneider | Feb 27,2008  |  Print  | Share This

Boston Reverse Mortgage Leads

Boston reverse mortgage leads are going to be hard to come by with regular lead generation techniques. This area of lending is fairly new and the rules governing their sale are constantly changing as the market grows. Even the number of loans that can be extant at any one time has changed very recently.

This isn't unique to Boston. There are a lot of restrictions on reverse mortgages, no matter where you sell them. Here are some of the things about these mortgages that will determine who you can sell them to:

  • Borrowers must be at least 62 years old to qualify.
  • There is a cap on how much the reverse mortgage can be for, regardless of the home prices in Boston.
  • The lead should be planning to remain in the home for at least five years, and preferably for the rest of their lives.

Boston Reverse Mortgage Leads Are Best Found Through Lead Generating Companies

Because of the restrictions and difficulties involved in this type of lending, you will probably find that buying your leads from a reputable company will be a wise choice. A good lead generating company will be able to sort through the contacts they get to make sure that the ones they sell to you meet the criteria.

They will also be able to help you sort through the leads you buy, whether through a personal account assistant, or by providing software that can organize the leads for you. Also make sure that the company you buy from offers some sort of guarantee. You should only go with a company who will stand by their product.

 
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