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Michael Branson - Articles$2T Lost in Retirement:, Seniors Eye Reverse MortgagesFor some, the shock of seeing their lives suddenly altered regardless of their careful planning is devastating, but there is hope for many senior retirees. Miami Reverse Mortgages & StatisticsEven with this large number of HUD Reverse Mortgages, Miami/Dade County is also home to some extremely high dollar cities including beach communities with larger and more expensive properties... Jumbo Reverse Mortgages - a Dying BreedIf Ms. Boxer is correct and the national limit is now $625,500.00, that would fill the need of many borrowers currently seeking proprietary products and soften the effect of the disappearing jumbo product. Reverse Mortgage: Pros & ConsSince first offering reverse mortgages, I've often been asked, "How do I/we know if a reverse mortgage is right for me/us?" This is a question that has a different answer for different people... Equity Key, the Jumbo Reverse Mortgage AlternativeThere is another option for senior homeowners out there which is not considered a loan but rather a real estate transaction known as the Equity Key Product. The Equity Key is unique in a number of ways. Homeowners are actually agreeing to give up a percentage of future equity for a cash settlement today Reverse Mortgages = Journalistic OpportunismObviously neither Mr. Powell nor FINRA has ever sat across a table from a borrower or a couple who couldn't meet their monthly obligations during these times of rising costs, they never talked to borrowers who had $25 left in their account on the fifteenth of the month Housing Bill: Seniors and Reverse MortgagesOn 7/30/2008 President Bush signed HR 3221 into law which has many significant effects on homeowners. The Bill, in its final form, covered a number of subjects that Congress had been trying to resolve from the modernization of FHA, to foreclosure assistance for homeowners... Credit Lines Freeze...but not for Reverse MortgagesThe "comfortable income" many seniors thought they had planned is often eroded by rising costs and incomes which don't keep pace with those costs. Are there any guarantees anymore...? Independence Day...Seniors Independence with a Reverse MortgageWhat better day to talk about obtaining your financial independence than on Independence Day?! I don't think our forefathers ever considered the right to a reverse mortgage when framing the Bill of Rights and our Constitution... Independence Day…seniors Independence With a Reverse MortgageWhat better day to talk about obtaining your financial independence than on Independence Day?! I don't think our forefathers ever considered the right to a reverse mortgage when framing the Bill of Rights and our Constitution...
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