Reverse Mortgage is now available to Senior Home-Buyers
Reverse Mortgage, also known as “Aging in Place”, has been quite popular with the senior citizens since its inception in 1987. FHA along with Congress, NRMLA etc. are continuously working towards...
View ArticleReverse Mortgage: The next subprime disaster?
According to National Consumer Law Center (NCLC), reverse mortgage would be the next sub-prime disaster. It has been noticed that the brokers are making mis-leading claims to the senior citizens in...
View ArticleWalking away from mortgage – How will it affect you?
With the crisis in the real estate market, the American dream of homeownership has come to an abrupt end. Lots of people have lost their homes in foreclosure and many more are delinquent on their...
View Article5 Advices for the retired persons in a faltering economy
The economy has not yet entirely recovered from the recession that it witnessed in 2008. The job market has not also been able to create enough job opportunities for the unemployed. The returns...
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4 serious disturbing trends in the reverse mortgage market
If you’re a senior citizen and own a house as the primary residence, then one good option available before you is a reverse mortgage loan. In case of a conventional loan, you have to make mortgage...
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5 Scenarios when reverse mortgage is a bad choice
If your age is 62 or more and if you have already built up substantial equity in your home, then one option available before you is to take out a reverse mortgage loan. Unlike other mortgage loans,...
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Few things on reverse mortgage that you need to understand
Many of the retired persons in the country face serious financial troubles. For majority of the retired persons in the country, the main source of income is the Social Security income. However, as a...
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Basic unavoidable facts of reverse mortgage – Look before you leap
In today’s financial complexities, most of the senior Americans face complications when they retire. One recent statistics revealed, one-third of retired people are living on Social Security income....
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Home-buying: Well known bones of contention between buyers & sellers
Home buyers & sellers, these two communities are the pillars of a successful housing & real estate market. There is a very thin line between the mindset of both parties. In a delicate process...
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3 best alternatives you can avail instead of a reverse mortgage loan
After reaching the age of 62 (senior citizen), you will be able to take a special loan against your home equity. This is called a reverse mortgage where you can get a regular payment by encashing your...
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Learn from the past – Mortgage mistakes you should’ve avoid before losing...
During the recession period of 2007-2009, many homeowners in different parts of US had lost their home. At that time, 80% of the mortgage borrowers were suffering from foreclosure problem. It is seen...
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5 Unknown resources of a mortgage loan
The biggest dream of common people is nothing but owning a shelter for himself. In order to buy a home, a buyer must use cash or he needs to take out a loan. A loan is a safer option that comes with a...
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