Dual reverse mortgages a bad strategy Dear Dr. Don, I have been searching for an answer to this question and haven’t had any luck. So here it goes: My husband owns a home in Michigan and I own a home in Florida. Read more on Bankrate.com
Tag Archives: Reverse
Reverse mortgages harder to get. Is one right for you?
Reverse mortgages harder to get. Is one right for you? Reverse mortgages granted in 2010 were down nearly a third from levels in 2009, due to stricter regulations and the housing slump. While some see reverse mortgages as a sophisticated tool, many say it’s only a last resort. Read more on The Christian Science Monitor
Reverse mortgages discussed
Reverse mortgages discussed By Belinda Serrano editor@sweetwaterreporter.com c-reverse mortgages.jpg The local Bluebonnet Club discussed the serious financial topic of reverse mortgages at their meeting on Monday afternoon, March 7. Guest speaker Scott Morgan of Morgan Real Estate offered great information along with some harrowing details on the almost predatory contact made by organizations who … [...]
Senior homeowners find dark side to reverse mortgages
Senior homeowners find dark side to reverse mortgages Growing reverse-mortgage defaults put homeowners at risk of foreclosure Thousands of older homeowners in Florida who tapped the equity in their paid-off homes to boost their income now face the possibility of foreclosure as the number of defaults on such “reverse mortgages” skyrockets. Read more on Orlando [...]
Reverse mortgages more attractive
Reverse mortgages more attractive Buried in debt and struggling to pay her monthly bills, Robin Miles resisted a reverse mortgage as a possible way out of those problems. Read more on Philly.com
Reverse Mortgages Sound Good But Could Have Hidden Risks
Reverse Mortgages Sound Good But Could Have Hidden Risks Reverse mortgages are becoming more popular among baby boomers these days. A decade ago, reverse mortgages were something only widowed or single women in their 70s would get into, but as boomers today are experiencing losses to their retirement savings, this Read more on ThirdAge
Personal Finance Daily: With reverse mortgages, there’s no easy answer
Personal Finance Daily: With reverse mortgages, there’s no easy answer Reverse mortgages are one of those products that seem like a really good idea in theory, but then you have to spend inordinate amounts of time figuring out whether the benefits outweigh the costs. Read more on Market Watch
Reverse Mortgages Look Better
Reverse Mortgages Look Better Upfront fees on reverse mortgages have fallen substantially in recent months, giving homeowners a new challenge: how to compare offers to find the best one. Read more on WallStreet Journal via Yahoo! Finance
Reverse commute takes their time
Reverse commute takes their time Going against the flow adds hours before and after work An increasing number of workers struggling in a gloomy economy endure brutal reverse commutes to get from their homes to suburban jobs. Read more on Chicago Tribune
How Do Reverse Mortgages Work, If You Have Bad Credit
How Do Reverse Mortgages Work, If You Have Bad Credit The reverse mortages are home loans, which you can get despite of the fact that you have bad credit. The reason is simple: borrowers take the reverse mortgages always against their home equity, so the lender has no financial risk. Read more on Contacto