Reverse mortgages have increased in popularity in the past few years. Economist report that due to the increase in housing cost, the amount of money people are saving in their 401(k) and savings accounts have been decreasing.
Due to the recent boom in the real estate market more and more...
Reverse mortgages were developed to assist senior citizens financially from housing and
property repairs and maintenance to supplementing fixed incomes. Reverse mortgages are for senior citizens who are 62 years of age or older and who reside in their homes. Reverse mortgages features have some...
If you're considering purchasing a new home and are over the age of 62, a new financial tool has become available as of January 2009. The FHA Reverse Mortgage can now be used to purchase a new primary residence allowing seniors to get the same result as paying cash for the home. The outstanding...
A mortgage is a sound investment. The real estate and mortgage industries are booming and most finance gurus are telling us to go in on some type of mortgage investment. Trillions of dollars are invested in residential mortgages; as well as commercial mortgage markets various insurances...
Reverse Mortgage job
After 5 years of providing reverse mortgages to seniors I've been taught a couple of things that might interest others. The largest thing I have been taught is do not do this for the money! Yes you can make a great earnings helping seniors access the equity locked up in...