Archive for September, 2007
Top 10 Reverse Mortgage Myths Dispelled
Top 10 Reverse Mortgage Myths Dispelled, As reverse mortgages have continued to grow in popularity, so have a range of myths and misinformation about these unique loans.Fortunately, there’s more and better information available today than just a few years ago. However, as many seniors, the adult children of seniors and advisors are exploring reverse mortgages, [...]
Reverse Mortgages Help Cure Bad Loans
Reverse Mortgages Help Cure Bad Loans, Using a home equity line of credit, David Casey and his wife Joyce made some much-needed improvements around their house. New carpet. Updated plumbing. But the credit line’s interest kept jumping, pushing their monthly payment to nearly $1,000 from $600.A $239,000 reverse mortgage from Generation Mortgage Co. rescued the [...]
Putting it in reverse
Putting it in reverse, Seniors finding mortgage program beneficial A growing number of area senior citizens who have found themselves strapped for cash or in debt are turning to a program that could be their salvation. It’s called a reverse mortgage, and it more frequently is becoming the answer for older people in debt, on [...]