MoneyRates Blog
Reverse Mortgage Scammers Being Driven Out of the Industry
Like cockroaches scattering when you turn on the lights, reverse mortgage scammers are running scared.
This migration is partly due to laws and lawmakers intent on preventing reverse mortgage scams, and perhaps more largely based on the ready availability of honest, comprehensive reverse mortgage information on the Internet.
Reverse Mortgage Protective Measures
The most popular form of reverse [...]
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Reverse Mortgages and Health Care Costs
We have blogged before about the increasing popularity of reverse mortages. Reverse mortgages allow homeowners to be paid out the equity in their homes through a lump sum or a monthly payment.
Instead of making a house payment, your house makes you a payment.
The most common form of reverse mortgage, insured by the U.S. government and called an [...]
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Lower Interest Rates Make Reverse Mortgages More Attractive
A reverse mortgage allows senior citizens, of at least the age of 62, to convert equity from their principal residence to cash. Similar to a normal mortgage, lower interest rates help make the mortgage more affordable. The Federal Reserve’s significant pledge to buy more than a $1 trillion worth of mortgages securities is expected to [...]
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