Tag Archive | "reverse-mortgage"
Simply Money: Beware reverse mortgages
… is even greater potential for abuse. Home Equity Conversion Mortgages (HECMs), also known … reverse mortgage is a special type of home loan that lets you convert a … important point: “Investing the money from these loans is an especially bad idea because the …
Continue reading...New Financial Standards for Reverse Mortgages
Monday, November 14, 2011
… federal agency that insures reverse mortgage loans supports the companies' efforts. [In … Without any financial means requirements for the loans , many older borrowers have found … Affairs (VA) for its home loans . The agency's loan analysis evaluates …
Continue reading...Lower Cost Oregon Reverse Mortgages Detailed
Wednesday, April 28, 2010
Reverse Mortgages cost too much! Or at least that is the impression people have. We, at Oregon Reverse Mortgage Info, are doing something about that. We are no longer charging an origination fee for our Oregon Reverse Mortgages and instead will rely on the rebate paid by the lender as our source of income on the loans.
Continue reading...Oregon Reverse Mortgages may be the Senior Retirement Answer
Tuesday, March 30, 2010
I recently found out that a record low of only 13% of seniors responding (in an Employee Benefit Research Institute survey) said they are very confident they have enough money to comfortably retire.
Continue reading...Oregon Senior Reverse Mortgage – Top 5 Reasons
Thursday, March 4, 2010
An FHA HECM Reverse Mortgage can be an excellent choice for Senior Citizens in Oregon. According to a 4 year old survey by AARP, the top five reasons are:
Continue reading...Oregon Reverse Mortgage key to Retirement Planning
Wednesday, February 24, 2010
A lot of Senior Citizens had great plans to retire when they were 60 but can't now due to their 401k nest egg shrinking dramatically. That is where an Oregon Reverse Mortgage can help with retirement planning
Continue reading...Fixed Rate Reverse Mortgages Give New Jersey Seniors Another Choice
Sunday, August 2, 2009
The Tony Croft Team at Barclay Funding Now Offers Fixed Rate Reverse Mortgages from Their Bergen County Office Located in Edgewater, NJ From the time when HUD first established the reverse mortgage program there has only been the adjustable interest rate. Currently the news is continuing to report “danger” of adjustable rate mortgages, which has many seniors justifiably nervous about the reverse mortgage with an adjustable rate. However, recently fixed rate reverse mortgages have been introduced. At the drawing of the final loan documentation, the rate is fixed and stays fixed for the entire life of the loan.
Continue reading...Top Ten Things To Know About A FHA Reverse Mortgage In New Jersey
Monday, July 13, 2009
FHA Reverse Mortgages are becoming more and more popular in New Jersey. The Home Equity Conversion Mortgage (HECM) is FHA’s reverse mortgage program which enables you to withdraw some of the equity in your home. The HECM is a safe plan that can give older Americans greater financial security.   Many seniors use it to supplement social security, meet unexpected medical expenses, make home improvements, travel and much more. You can receive free information about reverse mortgages and get a FREE report called “Discover The Secrets of Reverse Mortgages!” by CLICKING HERE .
Continue reading...A FHA Reverse Mortgage Can Prevent Foreclosure – New Jersey Reverse Mortgage Loans
Sunday, July 12, 2009
A reverse mortgage can pay off an existing mortgage and prevent foreclosure. Reverse mortgages can serve as an effective way to protect a homeowner from foreclosure. Now you can stop a foreclosure with a Reverse Mortgage , which is not hard money or balloon loan that someone is normally pressured to get when facing a foreclosure. But a reverse mortgage can serve as a lifeline that saves one who is in danger of losing their home to foreclosure in the case of seniors aged 62-plus. A lot of seniors live with fixed incomes and are struggling due to the high cost of living. Numerous seniors have been left with an impossible decision to make, due to the rising costs of everything, from food and gasoline to new medical expenses. Even some of the adjustable rate mortgage programs that some seniors have found themselves taking have been on the rise. Some seniors may have chosen this option because they were misinformed or because they felt it was their only way of maintaining a low monthly payment. How do they decide what do? Do they make their mortgage payment instead of buying food and medicine? As seniors realize they are near or entering foreclosure, they have additional stress related to these decisions
Continue reading...Reverse Mortgages: How do they work?
Wednesday, July 1, 2009
A reverse mortgage is a loan against your home that you do not have to pay monthly payments for as long as you live in the home.
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Thursday, January 26, 2012
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