Posted - May 2, 2013
“Reverse mortgages can be an important tool to finance home modifications that will allow greater independence,” says Henry Cisneros, former Secretary of Housing and Urban Development. The rapidly growing senior population will definitely force us to take a look at and possibly make changes in how our country accommodates the trend ofRead More...
Posted - July 11, 2012
According to a recent Wall Street Journal article the housing market as turned and moved beyond the doomsday predictions from experts.
S&P’s David Blitzer said that he first reported monthly increase in the slow-moving S&P/Case-Shiller house-price date after seven months of decline.
May 2012 felt a ten percent increase from the previous year in existing home sales. Many of the homes purchased by investors who plan to rent them out now and sell them later. Moreover, the fractionRead More...
Posted - June 7, 2012
Taking in the expanse of crisp, green grass before him, it was hard to believe that this peaceful scene was the very same place where he witnessed violence so gruesome and so horrific, it haunts him to this day. Glancing up at the dense, fast-moving clouds above, Vincent breathed in the fresh, cool air of the Belgian countryside, thinking of the men who fought alongside him. For years he had longed to return to this place. He needed to find closure. He needed to pay his respects to thoseRead More...
Posted - November 12, 2010
Robin Mile, a recent reverse mortgage borrower, says that he was initially resistant to the loan, but so far all previous fears have proven unfounded.
“It was salvation for me,” the 70-year-old Pikesville, Md., resident said to the NY Daily News. “I just wish that more seniors weren’t so afraid of it.”
Recent changes in reverse mortgage loans mean that it is now cheaper and safer to do. Reverse mortgages can provide flexibility and security to many seniors in need.