Category Archives: Senior Income

Trading Home Equity for Cash

In this near-frozen credit environment potential borrowers still find most home mortgages tough to get; a major exception is reverse mortgages.  Available for homeowners over 62 years of age, reverse mortgages have been representing a growing market for the past … Continue reading

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Adjustable rate home equity conversion mortgage

The Home Equity Conversion Mortgage (HECM) is FHA’s reverse mortgage program which enables you to withdraw some of the equity in your home. You choose how you want to withdraw your funds, whether in a fixed monthly amount or a … Continue reading
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Monthly Adjustable vs. Fixed Reverse Mortgage

Although the lower interest rate of a variable rate mortgage can look good in the beginning, you must also look at it from a long term perspective. A fixed rate mortgage allows you to keep better track of the balance … Continue reading
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Planning to Move? Reverse Mortgage May not Be a Good Idea

Reverse mortgages can be a useful tool for seniors who need extra income. But for someone who doesn’t plan to live in her home for long, a reverse mortgage could be mistake. Here’s why according to a recent US News … Continue reading
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Reverse Mortgages and Small Business Cash Flow

Getting credit approval is extremely difficult, even for small business owners. The strenuous lending requirements that the banks are enforcing have made it difficult to get any type of loan. But, business owners over 62 years of age have options. … Continue reading
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Reverse Mortgage Home Purchase Loans Creates New Retirement Options for Seniors who Plan on Buying New Homes

The Home Ownership and Economic Recovery Act of 2008 made many considerable improvements to the Government regulated and insured Home Equity Conversion Mortgage or HECM reverse mortgage. A higher national loan limit and more safeguards captured all of the early … Continue reading
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