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Comments made by HECM142

Mortgage Delinquencies Fall As Housing Market Bounces Back

As we, as a society, grow older, we are going to have to figure out how to keep the money flowing in while still living in our own homes. A good bit of news coverage has focused recently on a concept called “reverse mortgages.” It is only available to people 62 years of age and older. Instead of putting money into a home’s equity, they are drawing the capital out by getting a monthly check. When the person dies, the lender gets paid. Reverse Mortgage Lenders Direct . com

September 14, 2013 at 8:56 a.m. ( | suggest removal )

Congress Debates Taking A Step Back From The Mortgage Market

A reverse mortgage can be an invaluable asset for senior homeowners and presents many benefits. For instance, reverse mortgages provide borrowers with a tax-free source of income that can be applied to anything, from medical expenses, outstanding debts, old mortgages, or even a vacation. In addition, reverse mortgages do not require any immediate repayment or monthly mortgage charges, instead tapping into a borrower’s equity for funds.
Reverse Mortgage Lenders Direct . com

September 14, 2013 at 8:54 a.m. ( | suggest removal )