Personal Finance Blog By MoneyRates - Reverse Mortgages
Federal government lowering upfront fees for reverse mortgages
February 4, 2011
Although reverse mortgages have always sounded like a great idea – getting the bank to pay you when you're 62 or older for the equity you've built up in your home – the high fees have often discouraged people from taking advantage of them.
That may be changing with the advent last year of the Federal [...]
Reverse Mortgage Scammers Being Driven Out of the Industry
November 3, 2009
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 [...]
