 | “Reverse Mortgages: Now OK”
By Rick Kahler
Reverse mortgages, a controversial income source for older people, are a better deal for homeowners now. Like most financial advisors, I advise against using your home as a source of retirement income. But some creative new tactics and a lowering of fees make reverse mortgages worth a closer look. Read more. |
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 | “Reverse mortgages can be beneficial, if you know how to use them”
By Harvey S. Jacobs
As the country's home-owning population ages and baby boomers hit their mid-60s, it's time to take another look at the once-popular mortgage product known as the reverse mortgage. Read more. |
 | “More seniors use reverse mortgages to raise cash”
By Mark Koba
Finding themselves financially strapped, more seniors at an earlier age are trying to get reverse mortgages on their homes in order to survive, according to a new report. Read more. |
 | “More homeowners seeking reverse mortgages at earlier age”
By Tara Siegel Bernard
Reverse mortgages have always been viewed as a last resort -- something that older retirees could turn to when they desperately needed to supplement their dwindling incomes. But in the wake of the housing market's collapse and high unemployment, a new study has found that people are using reverse mortgages to alleviate more urgent financial pressures...Read more. |
 | “Reverse mortgage can help with cash flow”
By Rick Bloom
Dear Rick: I am a General Motors retiree. I've been retired for about 12 years. Between my pension and Social Security, it covers all my living expenses. In addition, when I pass away, my wife will continue to receive my pension. Friends told me that General Motors made an announcement that they will be ending pensions. Is that true? If it is and they do stop my pension, I will be short of income. Read more |
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 | “Reverse mortgage may be best option for elderly homeowner”
By Liz Westin
Dear Liz: My healthy and active 82-year-old mother is faced with having to sell her home this year because she’s running out of money. She has lived a very minimal lifestyle for many years as her savings dwindled, and her income is now basically Social Security. Read more |
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 | “Reverse mortgages can be good option for seniors”
By Benny L. Kass
Do you know that if you are 62 years or older you may be able to buy a house or a condominium using a reverse mortgage? A reverse mortgage allows you to get money from a lender, but you do not have to pay it back (or make any monthly payments) until you sell or die. Read more |
 | “Understand reverse mortgage options”
ByTerry SavageIf you know a senior homeowner who is running out of money, a reverse mortgage might generate enough cash to allow them to stay in their home for many more years. Last fall the Federal Housing Administration created new rules, and opportunities, for lower-cost reverse mortgages. Now that most lenders have launched these new products, it’s worth an updated look. Read more.
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 | “4 Ways to Tap Your House for Cash”Even in a down market, you can safely unlock your equity
By Mark MillerReverse mortgages allow people age 62 or older to convert their home equity into cash. With a reverse mortgage, the bank pays the homeowner, who can elect to receive a lump sum, a line of credit or monthly payments. Read more.
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 | “New Financial Standards for Reverse Mortgages”
By Phil Moeller
Reverse mortgage lenders are beginning to require senior borrowers to qualify for loans by proving that they have enough money to continue paying property taxes, home insurance premiums, and other home upkeep expenses.Read more |
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 | “A Lower-Cost Reverse Mortgage”
By Anne Tergesen
A reverse mortgage has long been considered a loan of last resort because of its high fees. Now, a new type of reverse mortgage is reducing some fees dramatically. But older homeowners need to be aware of the trade-offs.
Reverse mortgages allow people age 62 or older to convert their home equity into cash. With a reverse mortgage, the bank pays the homeowner, who can elect to receive a lump sum, a line of credit or monthly payments. Read more
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 | “Seniors‘ reverse mortgage experiences mostly positive”Survey: More than 50% would recommend loan to family, friends.
By Tom Kelly
John Marttila has seen his share of slam-dunk winners and woeful losers. The leader of Boston-based Marttila Strategies, a public-opinion research firm, has worked for a wide variety of elected officials in all regions of the United States... Read more. |
