The increase in foreclosure rates across the country has caused millions to turn to their government for some sort of aid.
In some cases people want a bailout, while others simply want laws changed. It appears to be working, too, with the number of bills introduced to the Senate and House since the start of 2009 [...]
Posted in General Information | Tagged about, doing, Foreclosure, government, is, it, the, what
“I don’t think a reverse mortgage is for me, I planned for my retirement!” Does this sound like something you are thinking or have thought? Then you are not alone.
We have had so many borrowers tell us that they thought they had planned adequately for their retirement and never thought they would need a reverse [...]
Posted in General Information | Tagged for, is, mortgage, reverse, right, the, you
It may surprise you to hear a reverse mortgage lender saying this but it is true. The loan is intended to be the last loan you will ever need and not a short term financial instrument.
Borrowers looking for a short term loan may be better suited for a different type of financing as reverse [...]
Posted in General Information | Tagged a, definitely, everyone, for, is, mortgage, not, reverse
So who is better off in this foreclosure crisis? The homeowner that put down 20% on their home when they purchased it, the one that financed 100% or the one that is an interest only mortgage or adjustable?
The answer to these types of questions will vary from critic to critic, however; it seems that the [...]
Posted in General Information | Tagged Down, Foreclosure, is, mortgage, my, on, only, option, upside
If you have ever taken out a loan, you probably know that it can be a stressful undertaking. First, you have to find out if you even qualify to take out a loan. Then you have to decide how much money you want to borrow and if you are eligible to borrow the [...]
Posted in General Information | Tagged eligible, is, mortgage, reverse, who
A reverse mortgage allows a home owner to use the equity in their home in order to get money that they need to pay bills. Reverse mortgages are becoming popular because you do not have to take out any loans in order to get the money that you need.
The money can be paid to homeowners [...]
Posted in General Information | Tagged a, and, how, is, it, mortgage, reverse, what, works