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Buying a HomeIs a Reverse Mortgage Right for You?They’re not for everyone. But for some, particularly seniors without investment income or savings, reverse mortgages (technically called “Home Equity Conversion Mortgages”) are becoming a popular way to borrow money. Read more... Keeping Your Home - Forbearance Not ForeclosureThere is a growing fear among consumers that the so called housing bubble is about to burst with all sorts of dire consequences for homeowners. No less an authority on family finances than the returning Chairman of the Federal Reserve, Alan Greenspan, recently spoke out saying “in some markets home prices seem to have risen to unsustainable levels.” Read more... Reverse MortgagesRecently I have been getting a good number of questions that usually begin with “just what is a reverse mortgage?” These questions come primarily from older people who are wondering if a reverse mortgage could be a source of income for them. Sometimes the question is raised by younger people who are seeking ways to find increased income for their retired parents. Regardless, here is a summary of exactly what a reverse mortgage is and how it might fit into a personal finance plan. Read more... |
