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. […]
Lately I have read a few articles that confirm a belief that I have held for a while. At any age, unexpected health care costs can derail a person’s finances. As we get older, however, health care and our finances are increasingly delicate issues. “Health or Disability” was cited as a reason for looking into […]
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 […]
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 […]
