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Latest News:

Selling a house is better than reverse mortgage - Business Line

Business Line

Selling a house is better than reverse mortgage
Business Line
Should my parents opt for reverse mortgage? Will Rs 25 lakh be sufficient for my parents for the rest of their lives? Going by the financial strength of your father, selling the house appears an ideal choice rather than opting for reverse mortgage.

Is a reverse mortgage the right choice?
Thursday, February 2 nd , 2012 Issue 05, Volume 16. A reverse mortgage is a loan for senior homeowners over 62 years old that uses some of their home equity as collateral...

Oregonians Make Case for Tax Deferrals and
..

Tom Kelly: Taking an extra step to help seniors
One common misperception of..

Reverse mortgage vs. HELOC for extra cash?
Dear Dr. Don, We own a condo in Florida and a home in Pittsburgh. I just retired at 70 years old, and now money is very tight. Can I qualify for a reverse mortgage on one of my homes? As you know, selling real estate in this market is a problem...

VINELAND EUR South Jersey Federal Credit Union will offer a seminar about..

Reverse mortgage may be best option for elderly homeowner
A reverse mortgage would enable an 82-year-old woman who needs cash to tap the substantial equity in her home. Dear Liz: My healthy and active 82-year-old mother is faced with having to sell her home this year because she's running out of money. She has lived a very minimal lifestyle for many years as her savings dwindled, and her income is now basically Social Security. She owes $25,000 on a ...

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Who Should Do a Reverse Mortgage?
Reverse mortgages allow homeowners of a certain age to draw down on their home's equity in exchange for cash--but it's not always the best financial decision for everyone...

Is a reverse mortgage the right choice? - Village News Network

Village News Network

Is a reverse mortgage the right choice?
Village News Network
A reverse mortgage is a loan for senior homeowners over 62 years old that uses some of their home equity as collateral. If a person keeps paying the property taxes and insurance on the home, the loan does not have to be repaid until the last homeowner .

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CFPB employees outnumber FHA reverse mortgage lenders - Credit Newsline

Press TV

CFPB employees outnumber FHA reverse mortgage lenders
Credit Newsline
Though the Consumer Financial Protection Bureau just got its first director, its 752 staff members far outnumber the Federal Housing Administration's 300 reverse mortgage lenders. Just one year ago, the CFPB was without leadership or authority.
Chart of the Day: CFPB Staff Outnumber Reverse Mortgage LendersReverse Mortgage Daily

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