Real estate blog entries tagged with reverse mortgage by Ilyce Glink (Think Glink Publishing)

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reverse mortgage: Can Reverse Mortgages Save Seniors Facing Foreclosure? - 04/26/09 09:54 PM

Summary: What can you do if you're retired and your investments plummeted during the financial crisis? One option may be to get a reverse mortgage, where a mortgage lender either pays you a lump sum or a monthly payment based on your home equity. To repay the loan, it must be … (1 comments)

reverse mortgage: Reverse Mortgage Age Limit May Cause Home Sale - 01/07/09 10:05 PM

Summary: When siblings inherit a home together they may want to sell the property and cash out. Can one brother live at the property with a reverse mortgage and the other siblings still cash out? One family considers getting a reverse mortgage or home equity loan to meet the needs of … (4 comments)

reverse mortgage: Reverse Mortgages Safe During Credit Crisis - 12/16/08 11:23 AM

Falling Home Values Don't Affect Reverse Mortgages
Summary: Reverse mortgages pay the home owner and have not been affected by falling home values. Getting a reverse mortgage helps you tap your home's equity, or the amount of the home you own outright. Because few people obtain reverse mortgages and reverse … (1 comments)

reverse mortgage: Reverse Mortgage Information - 10/06/08 07:56 PM

On yesterday's show our first call was from Howard. He's 75 and his wife is 65. Their house (he said) is worth about $170,000. He has a $20,000 mortgage and they are on a fixed income. They're wondering if a reverse mortgage is right for them. He went and talked to … (2 comments)

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