A reverse mortgage is a mortgage that allows homeowners who are over the age of 62 to cash in some or all of the equity in their home. It allows them to secure these funds to use as they see fit. Ma...
Gov. Arnold Schwarzenegger signed a bill that helps protect seniors from unscrupulous lenders when they enter into reverse mortgages."It is our responsibility to help protect those who are most vulner...
Homeowners over the age of 62 are able to take advantage of what is known as a reverse mortgage to add to their monthly income.A reverse mortgage allows the homeowner to take advantage of the equity i...
What exactly are reverse mortgages? Have you heard of them? Well, let's start off by saying that they could make life easier for you. There are a whole lot of benefits in reverse mortgages that could ...
Reverse Mortgages are quickly becoming the talk of the lending industry, one of the fastest growing and most popular products out there are for some good reasons. Why you ask?1. LENDER PROFIT. Lenders...
While the principles of a home equity loan and a reverse mortgage are similar, there are differences in terms of eligibility and repayment. Both loans are used to improve a person's living situation b...
Many seniors are pitched the benefits of a "reverse mortgage" as a way to "unlock" the equity in their homes and pay for a better lifestyle. Does this make any sense? In what circumstances? What if on...
Home equity is the difference between what your home is worth and the amount you owe on it. For most homeowners their home is their biggest asset and it usually represents a treasure trove of cash. In...
While the ‘New Congress' puts a full court press on the first 100 hours of control, almost three weeks have been spent on a "non-binding" resolution loaded with political positioning and posturing f...
While the ‘New Congress' puts a full court press on the first 100 hours of control, almost three weeks have been spent on a "non-binding" resolution loaded with political positioning and posturi...