| Begin your retirement years comfortably and worry free |
| Pub Date: Thu, 24 Jul 2008 10:00:00 EST |
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If you are approaching your retirement years, it may be time to think about how you will support yourself without a paycheck. Many seniors look forward to retirement and see it as a time of peace and joy. But others see it as a nightmare, and continue to work past the retirement age in an effort to pay for living expenses. Those seniors who struggle in their retirement years are doing even worse in today’s declining stock market, higher medical costs and taxes, not to mention higher gas prices and grocery bills. Seniors have worked too hard throughout their lives to have to worry about losing their home. This is why it’s important that seniors understand the benefits of a reverse mortgage. Qualification is simple: you must be over the age of 62 and own your own home (with a significant amount of equity). Your credit score, quality of health and amount of debt is irrelevant, and a reverse mortgage loan will never affect your Social Security or Medicare benefits. Instead, a reverse mortgage loan will give you access to the equity you have built for so long in your home. You can then use the proceeds of the loan towards anything, while never making a mortgage payment again! The only responsibilities on your part would be that you must remain living in the home, and you must stay current with property taxes and home insurance. You can opt to receive a monthly payment, a lump sum, a line of credit, or any combination of these options. Call us today to find out more. |
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| Homeowners to share future appreciation in exchange for discounted loans |
| Pub Date: Wed, 23 Jul 2008 10:00:00 EST |
| As the current housing crisis has proved, this country is in the largest economic crisis in the post-WWII era. Millions of homeowners are facing the loss of their home and many are left on the street. [...] read more |
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| Lenders standards are getting higher |
| Pub Date: Tue, 22 Jul 2008 10:00:00 EST |
| The housing and mortgage crisis has been responsible for many changes going on in the economy. As early as a few months ago, borrowers with a FICO score of 700 were usually eligible for the lowest mortgage rates. [...] read more |
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| Selecting a reverse mortgage lender |
| Pub Date: Mon, 21 Jul 2008 10:00:00 EST |
| There are many things to think about if you are considering a reverse mortgage loan. One of the most important steps is selecting the appropriate reverse mortgage lender. [...] read more |
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| Seniors protected with new bill for reverse mortgage |
| Pub Date: Fri, 11 Jul 2008 10:00:00 EST |
| The financial services industry is worried about a Senate housing bill introduced by Sen. Claire McCaskill (D-Mo). In the bill is a provision that would prevent providers of reverse mortgages from selling borrowers another investment for the proceeds of the loan. [...] read more |
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| Mortgage insurance industry in trouble |
| Pub Date: Wed, 09 Jul 2008 10:00:00 EST |
| Mortgage insurance is very important part of the housing market, as it allows Americans to buy a home with less money down. It is required by the lender when borrowers can’t afford the traditional 20% down payment, just in case they default on their payments. [...] read more |
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| Federal Reserve reports on government intervention for the housing crisis |
| Pub Date: Tue, 08 Jul 2008 10:00:00 EST |
| A Federal Reserve study released Monday states that large-scale government intervention in the US housing crisis would be counterproductive and prevent a "necessary" correction in home prices. [...] read more |
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| Extra cash options for seniors |
| Pub Date: Mon, 07 Jul 2008 10:00:00 EST |
| If you are over 62 years old, own your home, and need extra cash for whatever reason, you have a few options. One option is to sell your home and downsize to a smaller home. By moving to a smaller home, the amount you pay on property taxes and insurance will probably reduce. [...] read more |
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| No more 5 percent down in troubled real estate areas |
| Pub Date: Wed, 02 Jul 2008 10:00:00 EST |
| Since earlier this year, Fannie Mae and Freddie Mac established a policy which penalized buyers in troubled real estate markets with 5% higher down payments. [...] read more |
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