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Reverse Mortgage Loans in the USA - News and Infor

Reverse Mortgage Loans in the USA - News and Infor
We discuss the latest news and commentary about reverse mortgage loans from all around the country.
Articles: 1, 2, 3, 4

Articles

Ask yourself a few questions before you finance
2008-03-07 16:00:00
If you?re looking for cash and you?re considering using your home, ask yourself a few questions. First, how much cash do I really need?
More About: Finance , Questions
Home prices continue to fall thanks to foreclosures
2008-03-06 16:00:00
As home prices continue to fall thanks to the record number of foreclosures, people who are trying to sell their home and stay clear of foreclosure are having a difficult time. Many homes that are for sale by homeowners are now at rock bottom.
More About: Foreclosures , Home , Fall , Prices
Foreclosures plaguing the once booming real estate market
2008-03-05 16:00:00
If passed, the 'Foreclosure Prevention Act' would allow bankruptcy judges to wipe out mortgage dues and provide billions for redoing abandoned properties.
More About: Estate , Real Estate , Real Estate Market , Foreclosures , Market
That would be a real stimulus to the economy
2008-02-27 16:00:00
As we all wait for our stimulus checks to come in the mail this summer, gas prices and mortgage rates continue to climb. More help could be provided to the average American if the President would concentrate on the real issues.
More About: Economy , Real
Consumer credit card and auto loan recession
2008-02-26 16:00:00
Along with the subprime recession going on, some people are also gearing up for a consumer credit card and auto loan recession in the near future.
More About: Card , Credit , Consumer , Loan , Auto
Peak of bad mortgage loans were written in 2006 and early 2007
2008-02-25 16:00:00
The lending standards began to get worse as 2005 came to a close and by 2007, lending standards were completely out the window.
More About: Loans , Mortgage , Early , Peak , Written
Housing market continues to decline
2008-02-20 16:00:00
As the housing market continues to decline, attitudes continue to change. The need to save is hitting home to many families and even baby boomers headed into retirement realize that housing prices will in fact decline.
More About: Market , Housing
The government needs to help people who have paid into the system
2008-02-18 16:00:00
The government has the means and the responsibility to help people who have proven they are responsible and worthy of the help. This can only strengthen America and help hard working people get through this downturn in the economy.
More About: Government , People , System , Paid
Tap into the equity of your home with a Reverse Mortgage
2008-02-15 16:00:00
Not all of the equity will be available but it may not be necessary because a benefit of a reverse mortgage is that the senior will no longer have to make a monthly mortgage payment.
More About: Home , Mortgage , Reverse Mortgage , Equity
The upcoming recession has many people walking on eggshells
2008-02-14 16:00:00
As the value of homes decrease, the cost of living seems to be increasing. Unfortunately everything is getting more expensive, even for simple things like eggs and milk.
More About: People , Walking , Recession , Upcoming
Buyer Rebates can help you afford to buy a home
2008-02-12 16:00:00
If you are cash strapped for a down payment or willing to do some of the work a real estate agent traditionally does for buyers, then buyer rebates are for you. Many companies offer rebates to buyers if they purchase a home that is listed on the MLS.
More About: Home , Buyer , Rebates
People start preparing for the upcoming recession
2008-02-08 16:00:00
As many people start preparing for the upcoming recession, others already think we?re in it. Many factors are responsible for this, especially since the credit crunch that started in August 2007.
More About: People , Start , Recession , Upcoming
More and more people are turning to real estate auctions
2008-02-07 16:00:00
You?re having a hard time selling your home and you don?t know what to do. You have tried For Sale By Owner products and have tried using the MLS.
More About: People , Estate , Real Estate , Real , Auctions
Ethical behavior by real estate agents - Part II
2008-02-06 16:00:00
The entry and exit barriers in our industry are among the lowest in any industry. It is easy to get in and even easier to get out.
More About: Estate , Real Estate , Agents , Behavior , Real
Ethical behavior by real estate agents - Part I
2008-02-05 16:00:00
There is no doubt that many buyers- first time or otherwise- lack the fundamental knowledge of basic finance. However, it is the moral, ethical and legal responsibility of the so called experts in transacting real estate to protect the rights of the stakeholders involved in the process.
More About: Estate , Real Estate , Agents , Behavior , Real
Which candidate is best to protect our seniors from predators
2008-02-04 16:00:00
Our seniors do need help if they are going to live longer, healthier and financially sound lives. Which candidate understands this best and will make senior rights a part of their platform for change?
More About: Predators , Seniors , Candidate
Mortgage rates are expected to increase in February
2008-02-01 16:00:00
Based on historical performance of long term interest rates, expect mortgage rates to increase after this last cut to the federal funds rate.
More About: Mortgage , Rates , February
Reverse mortgage can provide access to cash for retirement
2008-01-31 16:00:00
A reverse mortgage can be the right mortgage solution for many people. Sometimes a more traditional mortgage works better. The problem with a reverse mortgage is that the fees and mortgage insurance premiums will eat into the equity of the home.
More About: Retirement , Mortgage , Access , Cash , Reverse Mortgage
The cost of a reverse mortgage
2008-01-30 16:00:00
Under the HECM program, which accounts for 90 percent of all reverse mortgages in the US, the combination of the origination fee and the mortgage insurance premium can take a serious bite into your homes equity.
More About: Mortgage , Cost , Reverse Mortgage
Reverse mortgages require existing equity in your home
2008-01-29 16:00:00
A reverse mortgage only looks at the equity in the home and so it?s available as an option if there is existing equity in the home. But what if there isn?t?
More About: Home , Mortgages , Equity , Ages
Receive debt-free cash without the need of a mortgage
2008-01-28 16:00:00
Imagine if you could tap into the equity of your home without the need to sign a mortgage. Imagine if that money was debt-free.
More About: Free , Mortgage , Debt , Cash
Sub-prime mortgage companies have put the housing economy upside down
2008-01-25 16:00:00
It is easy to play Monday morning quarterback with why the sub-prime mortgage companies have put the housing economy upside down. At the time everyone was excited because home ownership rose to record levels and a lot of people were making a lot of money.
More About: Economy , Companies , Mortgage , Housing , Prime
A reverse mortgage can provide mortgage payment freedom
2008-01-24 16:00:00
The freedom of no mortgage payments can be a huge relief for many people. A reverse mortgage can provide that freedom.
More About: Freedom , Mortgage , Payment , Reverse Mortgage , Mort
Will mortgage rates help us escape from the recession
2008-01-23 16:00:00
If you want to truly attempt to escape from the recession we are entering then everyone needs to contact their local and state governments demanding real estate tax reform.
More About: Mortgage , Rates , Recession , Escape , Mort
Will local and state governments finally wake up to the realities of the ec
2008-01-22 16:00:00
Inventory levels of home for sale listings are still increasing. It seems that only real estate tax reform can stimulate economic growth but it is not coming.
More About: Local , Wake , State , Finally , Wake up
Understand your current financial situation before you decide on a reverse
2008-01-21 16:00:00
It can be a difficult decision to make when deciding between a conventional loan and a reverse mortgage. Before you can make that decision it is important to understand your current financial situation and how the future could affect or change that for better or worse.
More About: Financial , Current , Understand , Situation
Reverse mortgage numbers for 2007 are in by the FHA
2008-01-18 16:00:00
The FHA released their numbers for HECM reverse mortgage loans. As expected there was a significant increase in the number of HECM cases issued from the prior year.
More About: Mortgage , Numbers , Reverse Mortgage , Number , Mort
Let mortgage lenders compete for your business
2008-01-16 16:00:00
Let lenders compete for your business and just don?t shop for the best rate, shop for the best loan. If you have a mortgage with an interest rate in the 6% or higher range, now may be a great time to refinance.
More About: Business , Mortgage , Compete , Lenders , Mort
Prepare now for the potential collapse of the economy
2008-01-15 16:00:00
If all this activity in the mortgage space so early in the New Year hasn?t woken you up to what appears to be the beginning of a major collapse in the economy then what signs are you waiting for?
More About: Economy , Collapse , Pare , Prep
Be Aware of Reverse Mortgage Costs
2008-01-14 16:00:00
You need to be aware of the costs you are paying to obtain a reverse mortgage. Your Good Faith Estimate is a great place to start when comparing the costs of a reverse mortgage so make sure each lender you?re considering gives you one.
More About: Mortgage , Costs , Reverse Mortgage , Mort , Aware
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