New reverse mortgage legislation calls for more disclosurePub Date: Mon, 30 Jun 2008 10:00:00 EST Earlier this month, Governor Carcieri of Rhode Island signed a reverse mortgage legislation that mandates greater disclosure of fees charged by lenders. …
Blogs / Reverse Mortgage Loans in the USA - News and Information
Reverse Mortgage Loans in the USA - News and Information
We discuss the latest news and commentary about reverse mortgage loans from all around the country.
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New reverse mortgage legislation calls for more disclosure
http://www.reversemortgageloansusa.net/Blog.aspx?date=June_2008&title=New_reverse_mortgage_legislation_calls_for_more_disclosure -
Reverse mortgage fees protect borrowers
http://www.reversemortgageloansusa.net/Blog.aspx?date=June_2008&title=Reverse_mortgage_fees_protect_borrowersThe high closing costs associated with a reverse mortgage is what keeps some seniors away. But one of the reasons that the closing costs are high is because of the mortgage insurance that is required on all HECM Reverse Mortgages.…
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Middle class seniors will probably spend every penny before they die
http://www.reversemortgageloansusa.net/Blog.aspx?date=June_2008&title=Middle_class_seniors_will_probably_spend_every_penny_before_they_dieDue to many reasons in this day and age, it is unreasonable for many of us to expect an inheritance. Although the really rich will be fine, as they always are, the middle class and upper middle class will probably spend every cent before they die.…
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Reverse Mortgage Loans in Florida - News and Information
http://www.reversemortgageloansflorida.net/Blog.aspxWhy house prices rise or fallPub Date: Mon, 12 May 2008 10:00:00 EST During the housing boom a few years ago, it didn’t matter if the door was painted raspberry red or electric yellow, most houses were surging in value. [...] read moreAvoid Cash Out MortgagesPub Date: Fri, 09 May 2008 10:00:00 EST Another type of mortgage that should be avoided is the Cash-Out Financing. These products are also called 103s, 107s, and 125s. [...] read more
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Common reverse mortgage loan terms
http://money.animeyourlife.net/?p=380When you go shopping for a reverse mortgage there are terms that you will see that you may not understand. Here are a few of the most common terms for all loans and a few you will most likely see when shopping for a reverse mortgage. read more