A recent AARP study shows that 26% of people they surveyed were finding it more difficult to pay their mortgage or rent, and 66% found it more difficult to pay for food, gas and medicine.
The recent AARP study, “The Economic Slowdown’s Impact on Middle Aged and Older Americans” by Jeffery Love, Ph.D. and Woelfel Research, […]
Wow, it’s been a while since i’ve been able to get much writing done on here. In the last few months I’ve had the opportunity to go back to school and take classes towards a graduate degree and haven’t had as much time as I would like to write. Their has been quite a few changes […]
Every time you open a newspaper or turn on the t.v. you are being bombarded with the talk of rising food prices, gas prices, and higher inflation. The last year has seen the Fed slashing interest rates trying to get lenders to lend money and keep the economy out of a recession. You don’t need […]
As more and more boomers are heading for retirement many are not liking the idea of “rest and relaxation” and are planning to continue working. Maybe not in the same job, many are looking for a new career, maybe part time, to enjoy their “retirmement.” In fact, 75% of boomers say they want to keep working, […]
From the AARP.
The housing bill, passed by the U.S. Senate, designed allegedly to ease the crunch on foreclosures and encourage growth in the housing sector is nothing more than a Democrat driven hand out to those with money, with banks possibly making even more money off of those that cannot afford to keep their homes. […]
By Jean Mitchell • Special to Dayton Courier • April 9, 2008
This was a great article I found written by Jean Mitchell. It gives a good overview of some of the basics of Reverse Mortgages and some of things you need to be aware of as well.
You’re in a dilemma: Your gazebo on the patio […]
Written by Aubrey Clark for the LA Chronicle
April 08, 2008
Mr. Clark wrote this article for the LA Chronicle that I thought had some useful information in it that is importan for seniors to consider when deciding on a Reverse Mortgage. As with any loan their are pros and cons and Reverse Mortgages are no different. […]
By Emily Brandon for US News
Posted 6/29/06
In my never ending quest to find articles about retirement and reverse mortgages for my readers I have found myself going through the archives of the major news outlets for articles that may be of use for ReverseMortgageCity.com readers. There is a lot of great news and advice out […]
By Sarah Baldauf for US News Posted November 2, 2007
In my never ending quest to find articles about retirement and reverse mortgages for my readers I have found myself going through the archives of the major news outlets for articles that may be of use for ReverseMortgageCity.com readers. Although some of these were written a year […]
HUD issued a mortgagee letter to lenders and borrowers attempting to clarify a few things regarding fixed rate Reverse mortgages. Below is a copy of the letter.
This Mortgagee Letter provides guidance to FHA-approved lenders choosing to offer a fixed
interest rate Home Equity Conversion Mortgage (HECM). Specifically, this Mortgagee Letter
clarifies and reminds lenders that:
• Fixed interest rate […]
