A purchase reverse mortgage is a financial tool that provides secure retirement. Buyers who thought their retirements were set are finding out they don’t have the resources they thought they had now that credit is tightening, retirement accounts are plunging and savings are becoming inadequate.
No credit check No income requirements No house payments as long as they are in the home Will not affect Social Security or Medicare benefits FHA insured and guaranteed
Purchase scenario: Bill and Jane are 70 years old and empty nesters. They … (1 comments)
mortgage: 37 Year Low for 30 Year fixed interest rate
- 12/31/08 03:44 AM
Buy Now might be the motto for the new year with these rates dipping to 5% and holding steady. It might be the push needed to get the correction back in the market.
mortgage: Show me the Money!
- 07/11/08 07:03 AM
Ever wonder how much money you need to have put aside to buy the home you’ve been driving byand dreaming about for the last month? Afraid you don’t have enough? Well, many factors contributeto the decision making process of what type of down payment you should make on a home.Let’s look at a few.In a perfect world, every buyer would apply 20% of the purchase price toward a down payment on a loan transaction. Theywould have 720 credit scores and have worked at the same company (which they do not own themselves) for the past 10years. They pay their credit card … (1 comments)
A Purchase Reverse Mortgage can free them from monthly house payments.
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