housing market recovering: "Reverse Mortgages Fit an Important Niche..." - 05/07/14 01:23 AM
"Reverse Mortgages Fit an Important Niche..."
Says Columbus Dispatch
The reverse mortgage program has undergone many changes in the past few months, and while some may say it is not worthwhile, despite all the success stories, the reverse mortgage industry will not give up on trying to educate consumers, financial planners, etc. on the benefits of the program.
Most importantly, for those who say the reverse mortgage program is on its way out, Columbus Dispatch says, "reverse mortgages fit an important niche," and for that very reason alone they will never cease to exist.
Even in marketing, and branding your company, … (4 comments)

housing market recovering: HELOC Payments are Going from Interest Only to Fully Amortized - 12/05/13 02:35 AM
HELOC Payments are Going from Interest Only to Fully Amortized
This time it's not about the recovering housing market but about making sure borrowers who took out home equity lines of credit during the boom will be able to make their monthly payments once their loans reach the ten year mark.
Many borrowers have been able to continue making payments on their loans because they have only been making payments on their interest, not their principal balance for the first ten years. At the ten year mark, payments can as much as triple for many borrowers, rendering repayment impossible for some.
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housing market recovering: Housing Market Recovery Gaining Momentum - 07/08/13 06:28 AM
Housing Market Recovery Gaining Momentum
The housing market is showing signs of continuing recovery with home prices jumping 12.2% in May from last year, with Florida demonstrating an 11.1% increase in the past year and a 7.5% increase in the past three months alone, according to an article posted in The Miami Herald. 
In the same article, 48 states reported an increase in home prices, with the exception of Delaware and Alabama, and a 2.6% increase from April to May of this year.
The increase in home prices provides the perfect opportunity for senior homeowners to invest in a reverse mortgage … (0 comments)