Understanding Reverse Mortgages
Friday, December 11th, 2009 Posted in Mortgage | 19 Comments »Archived; click post to view. Excerpt: Seniors today often live with a great deal of financial uncertainty. The retirement they imagined may not be consistent with the reality they face. Incomes are flat or declining, living and medical expenses ...
Myths, Pros and Cons of Hecm Reverse Mortgages
Wednesday, October 28th, 2009 Posted in Mortgage | 15 Comments »First and foremost; the bank does not, nor do they want to own your home. So why do so many people believe this? Prior to FHA getting involved in 1988, the lenders would take an equity position in their Borrowers ...