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Should Seniors Use Reverse Mortgages?

By admin on May 23, 2011

Some of the most popular products being pitched to seniors today are reverse mortgages. Everywhere you turn there are free seminars, free reports and free DVDs, all touting the amazing benefits these loans offer. Are reverse mortgages the answer to seniors prayers, or are they too good to be true? It all sounds so wonderful: [...]

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Reverse Mortages Help Seniors Keep Their home Or Purchase A New Home

By admin on April 2, 2011

For many seniors, home equity is roughly 30-40 percent of their net worth. They are house poor often times and don’t have the available funds to make repairs. If you and your spouse are both at least 62 years of age and have significant equity in your home, a reverse mortgage can turn that equity [...]

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Economic Stimulus Help Seniors with Reverse Mortgages

By admin on August 25, 2010

Depending on your political persuasion, you may be expecting this Bill to be one of the best things to come along since sliced bread or one of the worst possible disasters since the dropping of the atomic bomb. Americans are split deeply about this legislation and as one might expect, much of the split does [...]

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Housing Bill: Seniors and Reverse Mortgages

By admin on March 3, 2010

On 7/30/2008 President Bush signed HR 3221 into law which has many significant effects on homeowners. The Bill, in its final form, covered a number of subjects that Congress had been trying to resolve from the modernization of FHA, to foreclosure assistance for homeowners, to the shoring up for Fannie Mae and Freddie Mac. The [...]

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Reverse Mortgage Basics For Seniors

By admin on February 21, 2010

Reverse mortgages are used to assist seniors who want to supplement their income with mortgage payments, but instead of paying the bank, those who take out the loan actually get paid. I spoke with someone the other day who had a completely mistaken concept of what these are used for and had the mistaken idea [...]

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