Directory —
Real Estate —
Blog Details for "Reverse Mortgage Loans in the USA - News and Infor"
Reverse Mortgage Loans in the USA - News and InforReverse Mortgage Loans in the USA - News and InforWe discuss the latest news and commentary about reverse mortgage loans from all around the country. 
Articles
Does reverse mortgage give too much freedom
2008-05-28 17:00:00 For many seniors, a reverse mortgage can be a great financial vehicle to carry them through their golden years in relative financial security. One of the perks is that they can spend their home?s equity on just about anything. More About: Freedom , Mortgage , Give , Reverse Mortgage
Hispanics jobless rate hit hard with housing bust
2008-05-27 17:00:00 For Hispanics in the US, the housing bust is really hitting hard. They were among the primary beneficiaries of the expansion in recent years. . The housing boom generated millions of new jobs in industries that required physically demanding jobs from factory work to carpeting and upholstery, to landscaping, roofing, janitorial services, and so many more. More About: Housing , Hard , Bust , Rate
Home values in some areas are appreciating
2008-05-23 17:00:00 An interesting pattern is beginning to show throughout the national real estate market. Those regions which didn?t surge during the boom years are where economies are staying strong and house prices are actually appreciating. More About: Home , Values
Reverse mortgage great for seniors who own house
2008-05-22 17:00:00 Seniors who are cash-strapped are looking for options to help their financial situation. Reverse mortgages are a great option, but are usually better suited for those whose homes are either paid off or have a low mortgage balance, and who want to live in the residence for the rest of their lives. More About: House , Great , Mortgage , Seniors , Reverse Mortgage
Housing situation driving people to sleep in cars
2008-05-21 17:00:00 The housing situation continues to get worse and there seems to be no end in sight. I read a truly heartbreaking story today about middle-class senior citizens and families in California who were laid off in the past few months and have resorted to sleeping in their cars. More About: Cars , People , Driving , Housing , Sleep
Useful info about reverse mortgages
2008-05-20 17:00:00 There are many tips and tools for retirement from many specialists across the world. Here are a few bits of information that I found useful and worth reading about reverse mortgage loans. More About: Info , Mortgages
Expect more foreclosures to come
2008-05-19 17:00:00 Last month alone, there were 243,353 foreclosure filings. According to RealtyTrac, this number is nearly three times the total in the same month just two years ago. More About: Foreclosures , Expect
Declining Market requires 5 percent down
2008-05-16 17:00:00 Earlier this year, Fannie Mae implemented a policy of requiring that buyers make a 5% larger deposit on their home than the original loan program guidelines called for if the property is designated as being in a ?declining market.? More About: Market
Seniors delaying retirement
2008-05-15 17:00:00 According to a new study by the AARP, seniors 45 and older are delaying retirement. The report finds that 6 out of 10 people are having trouble making ends meet, and some can?t even pay for their medication. More About: Retirement , Seniors
Will mortgage crisis affect prime loan market
2008-05-14 17:00:00 The home mortgage crisis was originally focused on the subprime home market and its delinquencies. More About: Market , Loan , Mortgage , Crisis , Prime
Realtors should focus on foreclosures
2008-05-13 17:00:00 It?s a well- known fact that eventually, the real estate market will reverse itself and home prices will settle to pre-housing boom prices. But while we are in the recovery period, many people have lost their jobs and many more are barely holding on to theirs. More About: Realtors , Foreclosures , Focus
Heirs benefit from home appreciation
2008-05-12 17:00:00 One of the great benefits of a reverse mortgage is that the borrower can never owe more than the home?s value. It is comforting knowing that you wouldn?t have to take the fall for declining home values, especially in today?s real estate market. More About: Home , Appreciation , Benefit
Understand a reverse mortgage before making a decision
2008-05-09 17:00:00 It is very important to thoroughly educate yourself about all aspects of a reverse mortgage loan. Many seniors who have one are satisfied with their decision, but then again, everyone?s situation is different. More About: Mortgage , Decision , Understand , Reverse Mortgage
House will consider new foreclosure bill
2008-05-08 17:00:00 The American Housing Rescue and Foreclosure Prevention Act will be considered by the House this week. Part of the act would include a voluntary FHA program which would provide mortgage refinancing assistance. More About: Bill
Reverse mortgage loans on the rise
2008-05-07 17:00:00 A key determination as to how much you can receive with a reverse mortgage loan is this: the older the borrower and the more valuable the home and the less owed on it, the more money is available. More About: Loans , Mortgage , Rise , Reverse Mortgage
Access equity in your home tax free
2008-05-06 17:00:00 One of the greatest benefits of a reverse mortgage loan is that it is tax-free. Seniors can draw money out of their home, which is usually their most valuable asset, without any tax consequences. More About: Home , Free , Access , Equity
Seniors coping with rising prices
2008-05-05 17:00:00 How are seniors on a fixed income coping with the rising cost of food, gas and many other everyday staples? Some are relying on families to make ends meet, others are thinking about selling their home, just for extra money. More About: Coping , Seniors , Prices
Choosing a reverse mortgage lender
2008-05-02 17:00:00 When choosing a reverse mortgage lender, it is important to review and compare certain factors. For example, it is important that lenders provide different fixed and variable interest rate options to choose from. More About: Mortgage , Reverse Mortgage
When will reverse mortgage limits increase
2008-05-01 17:00:00 Many seniors are waiting for an increase in loan limits for reverse mortgages. The Economic Stimulus Act of 2008, which just recently passed included a temporary increase in loan limits for all ?forward? mortgages, but left out Home Equity Conversion Mortgage s. More About: Limits , Reverse Mortgage
Foreclosures driving down neighboring property values
2008-04-30 17:00:00 It is interesting how everything in the housing market is connected. As the real estate market is already down, when foreclosed or short-sale homes sell for less, this drives down neighboring property values and home equity. More About: Foreclosures , Property , Driving , Values
Is Housing Market Stabilizing
2008-04-29 17:00:00 In this economic downturn, hard-working consumers are really getting hammered. Multiple factors are affecting them, like slow economic growth, job insecurity, home values going down, and paying more for gas and food. More About: Market , Housing
Subprime Mortgages
2008-04-28 17:00:00 It sounds terrible. Subprime Mortgage. But in reality it has many different benefits that other loans do not. More About: Mortgages
Private Mortgage Insurance
2008-04-25 17:00:00 When you first buy a home, it can be very frustrating and complicated but it can also be extremely exciting. There is no feeling like being able to call a home your own and have the freedom to decorate it and change it any way you want. More About: Insurance , Mortgage , Private , Mortgage Insurance , Private Mortgage Insurance
Fixed Rate Mortgage
2008-04-24 17:00:00 A fixed rate mortgage is one of the most common types of home loan in the USA. It?s very easy to understand and set up and helps people know exactly what type of commitment they are making financially. More About: Mortgage , Rate , Fixed
Prime market for pitching reverse mortgage
2008-04-23 17:00:00 Marketing for reverse mortgages are expected to get more intense as the housing market continues to fall. About 80 percent of seniors own a home and many seniors have equity in their homes. More About: Market , Mortgage , Prime , Reverse Mortgage
Adjustable Rate Mortgage
2008-04-22 17:00:00 Another common type of home loan is the adjustable rate mortgage or ARM. With this type of loan, the interest rate will fluctuate depending on the 6 different real estate indexes. More About: Mortgage , Adjustable Rate Mortgage , Rate
Refinancing a reverse mortgage loan
2008-04-21 17:00:00 Even with a reverse mortgage, some seniors may feel like they are not receiving enough money. One way to access more money is to refinance an existing reverse mortgage loan. More About: Loan , Mortgage , Reverse Mortgage , Refinancing
FBI investigates more mortgage fraud cases
2008-04-17 17:00:00 Three months ago FBI officials said they were investigating 14 companies for possible fraud in connection with loans made to risky borrowers. They were also investigating insider trading violations and investments spun off of the risky loans. More About: Fraud , Mortgage Fraud , Mortgage , Cases
Never owe more than property value with a reverse mortgage
2008-04-16 17:00:00 A great security provided by reverse mortgages to seniors is that the amount they owe will never exceed the value of their home. That is one great difference between a traditional mortgage and a reverse mortgage. More About: Property , Mortgage , Reverse Mortgage
Short Sale a way to avoid foreclosure
More articles from this author:2008-04-15 17:00:00 A short sale allows the homeowner to live in the home until it's sold - which helps the bank avoid costly foreclosure procedures and potentially bigger losses. The bank sets and pays the legal and real estate fees. More About: Sale , Foreclosure , Short , Avoid 1, 2, 3, 4, 5, 6 |
|
