Archive for November, 2008
HELOC vs. Reverse Mortgage (Frequently Asked Questions)
There is a difference between a HELOC and a Reverse Mortgage, although to the average consumer they seem pretty close. Bankrate, does a fabulous job explaining the difference.
A reverse mortgage is an interest-only loan that capitalizes the interest expense along [...]
Reverse Mortgage Regulation
It has always been my opinion that for many seniors a reverse mortgage can be a real blessing. The issue comes when unscrupulous lenders tack on excess fees. With reverse mortgage fees becoming more competitive while HECM limits increase, the writing is on the wall for class action lawsuits brought forth by senior advocates defending [...]