Newspaper article from our research archive:
|
|
REVERSE MORTGAGE COULD HELP SENIOR'S FINANCES.(MoneyWise)
- Article from:
-
The Cincinnati Post (Cincinnati, OH)
- Article date:
-
December 20, 2005
|
Copyright informationCOPYRIGHT 2005 The Cincinnati Post. All rights reserved. Reproduced with the permission of the Dialog Corporation by Gale Group. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
|
Byline: Mary Hunt
If anything defies the adage "if it sounds too good to be true, it probably is," something called a reverse mortgage might be it -- especially for older homeowners who find themselves struggling financially while sitting on a big pile of home equity.
A reverse mortgage allows older homeowners to tap into the equity in their homes without having to sell the house. If you own your home and are at least 62, a reverse mortgage might allow you to get your hands on that equity and continue to live in the home with no requirement to repay the loan as long as you stay there.
You will receive either a lump sum or monthly payments tax-free for as long you ...
Related newspaper, magazine, and journal articles:
|
Include family in decision to use reverse mortgage
Chicago Sun-Times;
September 7, 2003 ;
700+ words
......Types of reverse mortgages The most popular reverse mortgage is the Home...a "jumbo" reverse mortgage for qualified...want larger reverse mortgages than permitted...benefits, reverse mortgages aren't appropriate...twice about a reverse ...
|
|
Reverse-mortgage cash flows to seniors.(FRIDAY HOME GUIDE)(COVER STORY)
The Washington Times;
March 7, 2008 ;
700+ words
......About half of reverse mortgages are actually...Association of Reverse Mortgage Lenders. They...niche market, reverse mortgages have been on...were 107,000 reverse mortgage loans in fiscal...us, she says. Reverse mortgages are an excellent...receive from a ...
|
|
Reversal of fortunes. (reverse mortgage)
Country Living;
May 1, 1998 ;
700+ words
......soon-to-retire couples, a reverse mortgage may sound like...of hard work. Reverse mortgages allow homeowners...primary residence, reverse mortgages don't have to...Half of the reverse mortgage inquiries fielded...involved in reverse mortgages are paid ...
|
|
Beware of reverse mortgage pitfalls
The Record (Bergen County, NJ);
January 23, 2004 ;
700+ words
......Beware of reverse mortgage pitfalls...happens with a reverse mortgage. Seniors...warn that a reverse mortgage must be approached...McLain, a reverse mortgage counselor...pitch more reverse mortgages to older...vehicles such as reverse ...
|
|
For older owners facing financial woes, reverse mortgage can help For...
The Virginian Pilot;
March 22, 2008 ;
700+ words
......than 290,000 reverse mortgages since 1990...available. A reverse mortgage on a second...out another reverse mortgage on the vacation home. Reverse mortgages do not require...the recent reverse mortgage programs...have two reverse mortgages at ...
|
|
Bill targets reverse mortgage rules.
The Boston Herald;
May 1, 1997 ;
560 words
......take out reverse mortgages without fully...financial plan, a reverse mortgage could potentially...prohibit reverse mortgages with terms...Massachusetts reverse mortgage laws, there...recording tax for reverse mortgages. * A requirement that all ...
|
|
Use reverse mortgage as last resort
Deseret News (Salt Lake City);
July 23, 2006 ;
603 words
......questions about reverse mortgages. One that hit my...is considering a reverse mortgage on a condo that...Questions About Reverse Mortgages," go to the Web...up-front costs of a reverse mortgage." That said, James...
|
|
Reverse Mortgage's Lifetime Guarantees
The Washington Post;
September 14, 1991 ;
700+ words
......The first "reverse mortgage" program that...home. The reverse mortgage concept has...suggests, a reverse mortgage works backward...of-credit reverse mortgage, drawing down...typically use reverse mortgages to unlock...according to reverse ...
|
|
Reverse mortgage has no downside for seniors
Chicago Sun-Times;
May 15, 2006 ;
700+ words
......celebrate. Using a "reverse mortgage," they can now...in their home. Reverse mortgages are a concept...consider whether a reverse mortgage might be appropriate...area that makes reverse mortgages. To qualify...that apply to a reverse mortgage, but...That's ...
|
|
The TV Commercia Isn't The Whole Reverse Mortgage Story
Winnipeg Free Press;
March 2, 2008 ;
700+ words
......This is where a reverse mortgage comes in. As...popularity of reverse mortgages is growing in...paying off. Reverse mortgage providers lend...Until now, reverse mortgages in Canada have...share of the reverse mortgage market roughly...first glance, ...
|
|
Push to revive reverse mortgage
Chicago Sun-Times;
September 10, 1999 ;
392 words
......problem with reverse mortgages today and as...Camino, senior reverse mortgage specialist for...seniors see the reverse mortgage as a "financial...information on reverse mortgages can be obtained...free video on reverse mortgages, and can be...Other major ...
|
|
Reverse mortgage not right for everyone
Tribune-Review/Pittsburgh Tribune-Review;
March 16, 2008 ;
615 words
......down with a reverse mortgage. The question...they should. Reverse mortgages allow homeowners...Americans. Reverse mortgages have grown...So, could a reverse mortgage be the answer...The National Reverse Mortgage Lenders Association...notion that ...
|
|
A reverse mortgage will just keep on paying
Deseret News (Salt Lake City);
November 19, 2006 ;
700+ words
......complex world of reverse mortgages a few months...review. A reverse mortgage is a loan...mortgage. "The reverse mortgage calculators...income from the reverse mortgage program. However...can we get a reverse mortgage, that pays...Darryl says reverse ...
|
|
After 20 years, HUD makes reverse mortgage deals legal
Chicago Sun-Times;
May 12, 2000 ;
437 words
......up to 150,000 reverse mortgages. Other aspects...paid to the reverse mortgage originator to...People with reverse mortgages can receive...However, the reverse mortgage never has become...bad press that reverse mortgages have gotten...will see the ...
|
|
Reverse mortgage can be boon to older homeowners Part of equity is...
Albuquerque Journal;
September 16, 2007 ;
700+ words
......heard about a reverse mortgage and went to...Landes, a reverse mortgage specialist...explaining reverse mortgages. The next...Center. A reverse mortgage enables homeowners...withdrawn from a reverse mortgage are...the National Reverse ...
|
See all results.
Or, try our
Advanced Search.
|