Check out the new national aging in place website.
Check out the story of one of my clients. What a kick!
For the first time in the history of the FHA Reverse Mortgage program, it is running at just under an $800 million dollar deficit.
FHA insures reverse mortgages against lender losses and borrower owing more than their home values when their reverse mortgage loans become due.* until recently the FHA reverse mortgage program has never run a deficit. But with falling real estate values, FHA has been paying more on claims.
Reverse mortgages are often perceived as expensive. You’ll hear this feedback from consumers and financial professionals alike. What makes a reverse mortgage expensive is that it is still an emerging industry. HECM or home equity conversion mortgages are FHA insured and still require mortgage insurance.Details
HUD is considering developing a smaller reverse mortgage. Lower proceeds ad COSTS! Better for folks who needs smaller amounts. read more: http://ping.fm/nc7TD
Millions of Californians are facing medical debt or go without healthcare because of high prices. I you are one of them check out this consumer website that (among other things) will show you how to negotiate your hospital bills down like the the health insurance companies do. Very Cool Site! www.hospitalbillhelp.org
Motley Fool talks about options surrounding most retirees biggest asset, their home. How much home do you need? Should you pay off your mortgage? If so when? What items should you look at before tapping in to your equity as a retiree? When is it optimal to consider a reverse mortgage? How can you use a reverse mortgage…Details
Angella popped up on Google, so I called her for information on this subject of reverse mortgages which I know nothing about. From the first phone call to my first reverse mortgage check, the journey with her has been earnest & truthful. there were no pushy sales talks and especially no angst about my somewhat…Details
Angella popped up on Google, so I called her for information on this subject of reverse mortgages which I know nothing about.
From the first phone call to my first reverse mortgage check, the journey with her has been earnest & truthful.
Summertime brings a lot of family time. With family reunions, picnics, weddings and other events, long distant family members travel to gather together. It is also the perfect time to do some planning for the future. With parents aging and their health and lifestyles changing, children need to discuss some changes and decisions that will be needed in the near future. Parents should take the time to tell their children where important documents are kept and what their wishes are in the event of needing health care directives or experiencing long term care needsDetails