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Reverse Mortgage Loans Florida News and Informatio

Reverse Mortgage Loans Florida News and Informatio
We discuss the latest news and commentary about reverse mortgage loans from Florida.

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Articles

Predictions of the foreclosure market
2008-05-07 17:00:00
What is the future of the foreclosure market? Credit Suisse estimates that over the next five years, an astounding 6.5 million families, or one out of 8 American homeowners will end up in foreclosure.
More About: Market , Foreclosure , Predictions

Seniors with or without mortgage can qualify for reverse mortgage
2008-05-06 17:00:00
According to the latest census data from 2000, 74.9 percent of owners 70 and older had no mortgage on a primary dwelling. Sometimes there are people in the middle of their working years that are lucky enough to have their homes paid off.
More About: Mortgage , Seniors , Reverse Mortgage

Reverse mortgage will never exceed home value
2008-05-05 17:00:00
Great news for seniors who have a reverse mortgage protected by the FHA, or for those who are thinking about getting one: the meltdown in home values does not affect your loan!
More About: Home , Mortgage , Reverse Mortgage

Jobless rate falls but economy is still troubled
2008-05-02 17:00:00
The problematic economy that we are facing today is affecting everyone. Aside from affecting grocery and gas prices, this falling economy is stripping many hard workers of their jobs.
More About: Economy , Troubled , Rate , Falls

Is housing market to blame for commodities running out
2008-05-01 17:00:00
People around the country are beginning to worry about what may be a food shortage. The plunging economy as a result of the housing market needs to get back on its feet before our everyday necessities get any more expensive.
More About: Running , Market , Commodities , Housing , Blame

Foreclosure filings continue to rise
2008-04-30 17:00:00
Foreclosure filings continue to increase all over the country, and in Alachua County, Florida, it has gone up by 175%. Many reasons contribute to delinquent mortgages: loss of income, job loss, or health reasons that make it impossible to make the monthly payment.
More About: Foreclosure , Rise

Types Of Mortgage Which One Is Right For You
2008-04-29 17:00:00
So, you are planning to buy your perfect house or commercial property but don?t know what your options are in the mortgage department.
More About: Mortgage , Types

Signs Of Good Mortgage Brokers
2008-04-28 17:00:00
A good mortgage broker is something every potential homeowner or experienced real estate investor needs to have on their side.
More About: Brokers , Mortgage , Signs , Good , Mortgage Brokers

Second Mortgage What Is It Exactly
2008-04-25 17:00:00
Everyone has heard a friend or relative complain about having to take out a second mortgage but don?t really know what that means. Let?s find out!
More About: Mortgage

Factors Of Mortgage Approval
2008-04-24 17:00:00
When applying for a mortgage, the lender you have chosen will take many factors into account, which will determine what your monthly payments will be and how many years you will take to pay the loan off completely.
More About: Mortgage

Reverse Mortgage Alternative
2008-04-23 17:00:00
For seniors between 65 and 85 who want to access the equity tied up in their homes, it seems that they have to refinance or take out a reverse mortgage loan. But there is another way.
More About: Alternative , Mortgage , Reverse Mortgage

What Is A Mortgage
2008-04-22 17:00:00
Every homeowner knows what a mortgage is but do you? Many people have heard that term on movies, television shows, and commercials but don?t really know what it really means.
More About: Mortgage

Seniors wait for home value to rise
2008-04-21 17:00:00
Many people are trapped in this housing slump. Seniors who want to retire are having trouble liquidating their assets, as most of their investment is secured in their houses.
More About: Home , Rise , Wait

Reverse mortgage like a second Social Security check
2008-04-17 17:00:00
Figures based on data from Golden Gateway Financial, report that the money seniors save from making mortgage payments, together with their monthly reverse mortgage checks will easily exceed the amount of their Social Security check.
More About: Social Security , Mortgage , Check

Seniors struggle paying for mortgage and health care
2008-04-16 17:00:00
In an AARP study, 28% of seniors cited ?Health or Disability? as a reason for looking into a reverse mortgage. Their worries are justified, as the need for health care increases as seniors get older.
More About: Health Care , Mortgage , Care , Seniors

Paying for long term care insurance on a fixed income
2008-04-15 17:00:00
Seniors reaching retirement age are often worried about how to pay for expenses if they cannot take care of themselves. Many of them also worry that they will become a burden on their children.
More About: Insurance , Fixed Income , Care , Income , Long

FINRA cautions homeowners about tapping into home equity
2008-04-14 17:00:00
Last week, there was an Investor Alert issued by the Financial Industry Regulatory Authority (FINRA). It cautions homeowners over the age of 60 to be wary of tapping into their home equity through reverse mortgages.
More About: Home , Tapping , Homeowners , Equity

Common reverse mortgage concerns
2008-04-11 17:00:00
Most people in the market for a reverse mortgage loan ask the usual questions like: How much money will I get? How much are the fees? What is the interest rate?
More About: Mortgage , Common , Reverse Mortgage , Concerns

Small steps to help relieve homeowners
2008-04-10 17:00:00
There is a lot of criticism of how the Bush Administration is handling the current housing and mortgage crisis. Here are their latest initivatives.
More About: Small , Homeowners , Steps

Reverse mortgage loans have changed
2008-04-09 17:00:00
Reverse mortgage loans have changed a lot since they first appeared in the market. Since a reverse mortgage is based on the equity in your home, what happens if you outlive the equity in your home?
More About: Loans , Mortgage , Reverse Mortgage

Eager sellers may find success at auction
2008-04-08 17:00:00
Potential buyers who can afford buying a home during this down market are searching for homes in less traditional places, like auctions.
More About: Auction , Success , Find , Sellers

Mortgage life insurance can provide security
2008-04-07 17:00:00
Mortgage life insurance will pay off your mortgage if you die before it is completely paid off.
More About: Security , Life , Insurance , Mortgage , Life Insurance

Pay for living expenses with a reverse mortgage loan
2008-04-03 17:00:00
A survey by Consumer Credit Counseling Service of Greater Atlanta, Inc., found that the main reason most homeowners who took out a reverse mortgage loan was to pay for living expenses.
More About: Living , Loan , Mortgage , Expenses , Reverse Mortgage

Reverse Mortgage laws are varied
2008-04-01 17:00:00
Reverse Mortgage laws are varied, and though the borrower(s) uses their house as security, they still have certain responsibilities.
More About: Laws , Reverse Mortgage

Home value may drop but benefits continue with a reverse mortgage
2008-03-31 17:00:00
As many Americans are struggling to keep their home, more and more seniors are looking into reverse mortgages. Although the value of your home can drop, your benefits do not reduce.
More About: Home , Mortgage , Benefits , Reverse Mortgage , Drop

Fixed interest rate reverse mortgages are now available
2008-03-28 16:00:00
Until this week all reverse mortgage loans came with a variable interest rate. This of course made it hard to predict how expensive a reverse mortgage would be by the time the mortgage was closed.
More About: Mortgages , Interest , Rate , Fixed , Interest Rate

In crime with predatory lenders
2008-03-27 16:00:00
Was the Bush administration partners in crime with predatory lenders? In article written by former New York Governor Eliot Spitzer, light is shed on the Bush administration and their handling of the current housing crisis.
More About: Crime , Lenders

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