Reverse Mortgage Ruined My Life:
By Elizabeth Ecker
Following a column published late last week by Fox News’ Bob Massi, the network also produced a video segment featuring reverse mortgages this week.
In his look into reverse mortgages, “How to Have a Reverse Mortgage Success Story,” Massi interviews two couples who have successfully used reverse mortgages to improve their retirement situations.… Read More
Experian’s fourth annual State of Credit highlights four different generations – the Greatest Generation (ages 66-plus), Baby Boomers (ages 47 to 65), Generation X (ages 30 to 46) and Millennials (ages 19 to 29) and their highest and lowest credit scores, bankcard usage, average debt as well as other factors in more than 100 U.S.… Read More
Rules for Reverse Mortgages May Become More Restrictive
By TARA SIEGEL BERNARD
Published: July 12, 2013
Many baby boomers will need to consider how their homes — and the value locked inside — will help finance their retirement years.… Read More
By Donna Fuscaldo
The economic storm that rocked many baby boomers’ nest eggs has left many of them considering a reverse mortgage as part of their .
Reverse mortgages allow homeowners who have reached age 62 or older to draw down on their home’s equity in exchange for cash.… Read More
By Steve Vernon
Americans aged 62 and older had accumulated $3.19 trillion in home equity by the end of the third quarter of 2011, according to data recently released by the National Reverse Mortgage Lenders Association (NRMLA). During the same quarter, home equity increased by $46 billion, reflecting stabilization and improvement in home prices.… Read More