Many of the seniors have the same vacant reaction once they heard the term reverse Mortgage, but that’s not how it has to be. Reverse mortgages are not inherently complicated and scary, let me enlighten you with reverse mortgage. The concept behind a reverse mortgage is simple, it enables senior to take the equity in [...]

You may have heard your friends and family talking reverse mortgages. There have also been a lot of television commercials offering information about reverse mortgages and reverse mortgage companies. Yet, with all of this talk going on about FHA insured reverse mortgages and what they mean to you, what exactly is a reverse mortgage? A [...]

Foreclosure filings were reported on 2.3 million U.S. properties in 2008, an increase of 81 percent from 2007 and up 225 percent from 2006, according to the RealtyTrac U.S. Foreclosure Market Report released January 15, 2009. The soaring number of forclosures have sent ripples through the housing and banking industry with the affects being felt by [...]

Seniors today often live with a great deal of financial uncertainty. The retirement they imagined may not be consistent with the reality they face. Incomes are flat or declining, living and medical expenses are higher than ever and few income boosting alternatives exist.  Even those who have heard about Reverse Mortgages may be unsure about [...]

The Department of Housing and Urban Development asked Congress for nearly $800 million for its reverse mortgage insurance program while requesting its budget for 2010. This is the first subsidy that HUD has requested from the FHA since the start of the HECM program in 1990. If the new funding is approved, it could affect [...]