Yan Ross - Reverse Mortgages - Home Buying/Selling - Real Estate

About > AllExperts
	Search for

Main Menu

Login (Experts Only)

About Us · FAQ · Tell Friends About Us · Link To Us · Free Encyclopedia · Disclaimer · Tech Support

You are here: AllExperts > Real Estate > Home Buying/Selling > Reverse Mortgages

Expert Profile: Yan Ross

Expertise: Reverse Mortgages are a financial tool available to homeowners of the age of 62 or older. They are not for everyone. Mr. Ross provides responses to questions regarding eligibility, terms, consumer protections, financial requirements, and all other aspects of HUD-sponsored and other private program Reverse Mortgages.

Experience in the area
In addition to my legal and general business experience, I have trained with John Bennett, of Home Lending Specialists, the leading and most experienced originator of reverse mortgages in the country. I have mastered both academic and practical aspects of the reverse mortgage business, with special emphasis on consumer protections.

Education/Credentials
Bachelor of Arts, Princeton University -- Juris Doctor, Yale Law School -- Accredited Educator in numerous professional disciplines

Ask a Question	View Past Answers	View Ratings

What do you like about this subject? Reverse Mortgages are a specialized program that can help seniors continue living in their own homes. They can also be used to help seniors and their families protect their assets and even prevent foreclosure in some cases.

What do you still hope to achieve/learn in this field? I still hope to learn more ways in which Reverse Mortgages can be used to the advantage of seniors and their families, and to share this information with others.

Something interesting about this subject that others may not know: Homeowners cannot take out a reverse mortgage until they have received counseling from a HUD-approved counselor. Low income or a poor credit score does not prevent the homeowner from using a reverse mortgage.

Something controversial or provocative about this subject With a reverse mortgage, regardless of how much the homeowner takes out of the property, the loan balance, including interest, can never exceed the value of the home.

Average Ratings
Prestige Points: 120
Knowledge	10.0 Best of the best
Clarity of Response	10.0 Best of the best
Timeliness	10.0 Best of the best
Politeness	10.0 Best of the best
Number Of Questions (in Past 24 Hours)		0
Max Questions to be Asked (in 24 Hour period)		5
Total Questions (since joining AllExperts)		10

Recent Reviews from Users

Knowl	Clarity	Time	Politeness	Date
10	10	10	10	10/17/07
10	10	10	10	09/12/07
10	10	10	10	05/12/07
10	10	10	10	05/12/07

User Comments

Thanks so much you have been a big help. I will also check out www.themiraclemortgage.com
(David on 09/12/07)

I was grateful for the speedy reply and the precision of the answers. Thank you!
(Maguy on 05/12/07)

View All Comments

Ask a Question	View Past Answers	View Ratings

Recent Answers from Yan Ross

2008-03-23 reverse mortgage: Judy, Thanks for the clarification. Just a couple of additional thoughts. RM calculation is based on the age of the younger of the homeowners, so your age controls in any case. As I indicated, the...

2008-03-23 reverse mortgage: Hello, Judy, and thanks for your inquiry. You raise many questions in search of a comprehensive answer, and the reverse mortgage is only one aspect of a feasible plan. Let me encourage you to seek professional...

2008-01-15 Can a reverse mortgage be used to protect my assets: Jules, There are several questions involved in the situation you describe. Let me try to respond point-by-point. First, the laws of the State where you reside will determine whether and to what extent...

2007-09-12 Reverse Mortgage: I'm glad you've asked for further clarification, because there are additional terms that affect the outcome or success of the use of the reverse mortgage. As you may be aware, the origination fees and...

2007-09-12 Reverse Mortgage: David, First, the interest rate that applies to the reverse mortgage is not the same for all programs. Since the HUD-sponsored Home Equity Conversion Mortgage (HECM) is by far the most common, let...