Market News
Minnesota Seniors to get Reverse Mortgage Protection
The legislation would allow seniors to rescind a reverse mortgage agreement within 30 days and would require seniors seeking a reverse mortgage to get independent counseling on the risks and benefits of the loan.
Are You Ready For Reverse Mortgage Counseling?
Reverse Mortgage or the Home Equity Conversion Mortgage Reverse mortgage counseling is primarily for homeowners who are seriously interested in applying for a federally-insured or proprietary reverse mortgage. Specific types of reverse mortgages are discussed in Home Made Money, a publication by the American Association of Retired People (AARP). Reverse mortgage counseling is a legal [...]
As Portfolios Fall, Seniors Look to Reverse Mortgage
Thank goodness that the entire country are not homeowners that purchased their home in 2005 with no money down and currently live with negative equity. It seems that the mainstream media would you believe this, but what about the seniors that have owned their homes outright for the past 5, 10, or even 25 years? [...]