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- Reverse Mortgages: Monthly Checks Instead of Bills. Really? - U.S. ... May 19, 2012 (author unknown)
- Reverse mortgages provide needed cash May 18, 2012 MarketWatch
MetLife Bank Announces Improved Reverse Mortgage Product
One of the leading reverse mortgage lenders, MetLife Bank, is now offering an improved reverse mortgage product that will give senior homeowners more money. The new loan product reduces and nearly eliminates the servicing fees and origination fees on fixed-rate Home Equity Conversion Mortgages. This has the effect of reducing closing costs and significantly increasing [...]
Don’t Get Your Financial Advice From the Newspaper!
Recently, I noticed a disturbing item in our local paper, “Reverse Mortgage: Think It Through,” in which Mr. Scott Burns, apparently a columnist for the Universal Press syndicate, purports to give financial advice to people who send in their questions. This disappointed me greatly because the St. Petersburg Times is an award-winning paper and they [...]
Congress Extends Higher Loan Limit
Late on October 30 the House and Senate passed an extension of the higher loan limit for Home Equity Conversion Mortgages (HECM) of $625,500. This new loan limit is extended until December 31, 2010. Without the extension, it would have reverted to $417,000 at the end of 2009. The President is expected to sign this continuing resolution. [...]
July Reverse Mortgage News
9,830 new reverse mortgages were endorsed by the government in July, up from 8,633 in June and 8,396 in May. Homeowners continue to take advantage of this wonderful opportunity to access the equity in their homes without making any monthly payments as long as they live in the home. The FHA-insured Home Equity Conversion Mortgage [...]
Reverse Mortgages with Lower Closing Costs
By Admin on April 20, 2010
Finally, a reasonably well-informed news article about reverse mortgages – this one is in the Wall street Journal, which has disappointed me in the past. This is a piece on the new, lower closing cost loans now being offered by major lenders, and the benefits to senior borrowers.
Posted in News Commentary, Reverse Mortgages | Tagged HECM, home equity conversion mortgage, Land O'Lakes, Lutz, Pasco, retirement, reverse mortgage, Tampa, Trinity, Wesley Chapel | Leave a response