Real estate blog entries tagged with reverse mortgage loans by Reverse Mortgage

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reverse mortgage loans: Reverse Mortgages Get Second Look Due To Scant Increase For Social Security Benefits - 11/05/08 12:33 PM

Social Security benefits will be increased in January 2009 for 50 million people. The increase will be 5.8 percent and will be the largest increase since 1982 when Social Security benefits increased 7.4 percent. The 2009 increase will be more than double the raise that retirees received in 2008, which was … (3 comments)

reverse mortgage loans: Seniors Turn To Reverse Mortgages Due To Lost Dividend Income & Stock Market Plunge - 10/12/08 07:46 PM

The unprecedented plunge of the U.S. stock market during the past week has unnerved every American regardless of age, or economic status. Anxiety is running high. No one seems to know what shoe will drop next. Each attempt by the Federal Reserve, the Secretary of the Treasury, the Congress, the coordinated … (3 comments)

reverse mortgage loans: AARP Says Mortgage Crisis Takes Toll On Older Americans - 10/07/08 09:16 PM

AARP purchased a random sample of 2.5 million people from the credit reporting agency, Experian. Of that sample, approximately 1 million are age 50 or older. The objective for AARP was to determine the impact of the mortgage crisis on older homeowners. The sample data covered a six month period from … (0 comments)

reverse mortgage loans: Can The Lender Make Me Sell or Move If I Have a Reverse Mortgage? - 09/09/08 01:18 PM

You can never be forced from your home or required to sell your home if you have an FHA insured HECM reverse mortgage loan. A question that comes up frequently from folks that are considering a reverse mortgage is:
"If I live long enough to use up all the equity in … (2 comments)

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