Reverse mortgages represent a way for seniors to tap the equity in their homes, typically without having mortgage payments due each month! The loan is repaid to the lender when the borrower dies, sells the property or leaves the home permanently. The bank cannot seize the home and the borrower is not giving away title […]
Do higher home prices lead to an increase in the birth rate? A study was conducted at the University of Maryland and, according to the results, the answer to that question is that it all depends! It depends on whether you are currently a homeowner or not! For this purposes of this study, if the […]
We’ve all seen the commercials starring actors like The Fonz (Henry Winkler) or Fred Thompson (actor and politician) that extoll the virtues of reverse mortgages for Americans over 62 who own a home and who need cash flow! The commercials address concerns that both the homeowner and potentially the homeowners children may have about this […]
