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 […]
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. […]
Written by Dennis Haber on his Reverse Mortgage Blog.
Dennis Haber, a well respected Reverse Mortgage advocate wrote the following article on his blog. Dennis Haber is a distinguished member of the New York State Bar Association. In 2005 he submitted testimony to Congress on H.R, 2892 Reverse Mortgages to Help America’s Seniors Act and H.R. […]
Written by Paul Jackson for Housing Wire
I found this article on Housing Wire, a mortgage finance website that I found interesting. Mr. Jackson basically talks about some of the same things we have been discussing on here over the last few weeks but I thought it would be nice to publish an outside perspective on […]
According to AARP’s study, “Reverse Mortgages: Niche Product or Mainstream Solution?” by Donald L. Redfoot, Ken Scholen, and S. Kathi Brown, 90% of senior homeowners who had undergone HUD counseling classified themselves as being “satisfied” with their experience with reverse mortgage lenders. This is certainly a positive statistic both for the reverse mortgage industry, as well as for homeowners […]
Many homeowners who have had their Reverse Mortgage for a while have been asking if it is possible to refinance a Reverse Mortgage and if it woud make sense to do so. The answers are yes, it is definately possible, and maybe, it might make sense depending on your situation. Lets look at a few […]
Many homeowners have seen their equity drop in the last year and it’s likely that this trend will continue in the near future. The question you may be asking yourself, and the question we are being asked quite often lately, is what effect the decline in the housing market will have on Reverse Mortgages. This […]
I came across another great post in my web surfing about the issues that can come up with Reverse Mortgage settlements. This is from the Blog of Chris Breck, with Advantage Title Company. If you have further questions about Reverse Mortgage settlements you can also e-mail Chris at cbreck@advantitle.com
“We all know that Reverse Mortgage Settlements can be tricky. You […]
