Reverse Mortgage Loans
There are a lot of myths dancing around about Reserve Mortgages these days. It seems that most people think that if you're age 62 or over and need money to help pay for home improvements or a cruise to the Bahamas, a reserve mortgage is perfect for such desires - not so! Reserve mortgages were ... more...

Reverse Mortgage Loan for Dummies
If you are a senior considering a reverse mortgage to boost your income there are several things you need to know. Here is all you need to know about reverse mortgages so you will be able to make an informed decision if this loan is right for you.If you are considering a reverse mortgage you need ... more...

Reverse Mortgages: When Is One Right For You?
How do you know if a reverse mortgage is right for you? The answer depends on your current financial situation of course.But other factors such as your medical condition and lifestyle are important in determining whether or not a reverse mortgage is your best choice compared to a home equity loan, ... more...

Reverse Mortgages More Favorable in '06
Senior homeowners can obtain a more generous reverse mortgage loan in 2006 than ever before meaning they can convert a greater portion of the equity in their homes into tax-free income using one of these special mortgage plans. The new rules affect the federally insured Home Equity Conversion ... more...

Reverse Mortgage Providing Peace of Mind Without Sacrificing Safety or Security
For many seniors one of their greatest sources of security is their home. It not only provides a comfortable and familiar environment, but it provides a sense of independence and a source of many fond memories. The equity in that home represents a financial nest egg and a legacy for them to pass ... more...

Thousands of Older Americans Are No Longer House Rich and Cash Poor
Nowadays, reverse mortgages are becoming popular among seniors and retirees as a way to supplement their income and allow them to live comfortably through their retirement.The number of seniors nationwide who took reverse mortgages in 2004 doubled from the previous year to more than 40,000, ... more...

Mortgage: For Those Twilight Years
Tracing back, the concept of reverse mortgages began when one good soul, Nelson Haynes of Deering Savings and Loans wanted to help out the widow of his high school football coach. Today that small act has developed into a popular financing option for the senior citizens. With about 6,000 people ... more...

Change in Texas Law May Make Reverse Mortgages More Popular
Texas was one of the last states to allow homeowners to take out home equity loans. Laws going back to the nineteenth century strictly prohibited home equity lending, as legislators feared that unscrupulous lenders would take advantage of homeowners for the purpose of seizing their homes through ... more...

Mortgage Refinance Tips And Advice
For the average person who does not work in the mortgage industry, the mortgage jungle is very overwhelming. Mortgages are complicated! This article is a small collections of tips and advice of what an average person should know when looking for a mortgage. We kept it simply, but informative ... more...