Archive for March, 2009
Reverse Mortgage May Affect Your Eligibilty for Federal Assistance
While reverse mortgages have been a gift for many seniors, the increase in income can adversely affect some the eligibility for many seniors looking to qualify for government assistance. This only make sense right? If your eligibility for Medicare was high with modest income, it should inversely shrink with the rise in income from a [...]
EverBank’s 2008 earnings climb 52% thanks to Reverse Mortgage Sale
EverBank Financial Corp. made $46 million in 2008, a 52 percent increase from the previous year.
The Jacksonville-based financial services company said its earnings included the sale of EverBank Reverse Mortgage and “other discontinued businesses,” in an announcement released Monday.
“Though the credit environment continues to create challenges even for healthy banks like EverBank, we believe the [...]