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29 May 2018
Tapping a reverse mortgage as a way to postpone claiming Social Security in order to maximize your benefits may be tempting, but beware of the costs.
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17 October 2017
New reverse mortgage rules changes will be a mixed bag for seniors, with lower annual fees but tighter limits on how much equity can be borrowed against.
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17 October 2016
The FHA is considering rule changes that could help both young and old when it comes to condominium ownership.
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31 May 2016
Waiting a few years to let your home value grow can give you more equity to work with on a reverse mortgage.
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5 April 2016
Many people don't realize it, but it's actually possible to use a reverse mortgage pay off your current home loan so you no longer have to make mortgage payments.
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25 February 2016
Reverse mortgages have been around for awhile, but many potential borrowers still don't know much about them.Here are answers to some of the key questions.
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3 February 2016
Reverse mortgages are growing in popularity due to the rapidly growing senior demographic group, but some critics argue their costs outweigh their benefits.
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10 May 2015
Want to get the best deal on a home? Pay cash.Want to outbid a bunch of other buyers seeking the same property? Pay cash.Want to buy a fixer-upper that the bank's leery of financing? Pay cash.
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8 September 2014
Using a reverse mortgage to buy a vacation home in the Cayman Islands sounds like one of the worst uses for the federally overseen program meant to help older homeowners either fund their retirement or at least stay in their homes by no longer having a mortgage bill.
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5 September 2014
New rules that took effect last month protect widowed spouses whose homes are subject to a reverse mortgage.But for borrowers who will be seeking such loans, there is a downside as well.
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20 June 2014
Concerned over potentially misleading advertising and sales presentations for reverse mortgages, the FHA is clarifying the rules of the program to ensure that borrowers are given accurate information about these loans.
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2 May 2014
What happens to your mortgage if you should pass away before it's paid off? While it's not a pleasant thing to contemplate, it is something you should plan for if you want the property or its equity to pass to your heirs trouble-free.
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13 February 2014
Recent changes in federal rules that make it more difficult for seniors to get a reverse mortgage are meant, in part, to protect seniors from themselves, experts say.
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18 February 2011
Reverse mortgages are a useful financial tool for anyone over 62.Use it improperly, though, and you could seriously injure yourself.
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7 December 2010
Reverse mortgages are taking America by storm.Here are answers to the top six questions about the lending instrument that can help seniors weather the storms of financial woe by tapping into their home equity.
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1 September 2010
Reverse mortgages can be complicated financial products that many borrowers find hard to understand.To help clear things up, the Federal Reserve is proposing a new set of disclosures to provide a better understanding of the costs and risks associated with them.
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16 August 2010
New rules designed to prevent loan originators from steering borrowers into more costly mortgages in order to increase their own compensation have been issued by the Federal Reserve.
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9 July 2009
Reverse mortgages are an increasingly popular way for senior citizens to tap into the equity in their homes in order to pay bills or improve their standard of living.However, they also have a number of shortcomings and potential risks that may be hidden through misleading marketing.
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7 April 2009
The federal government has raised the HECM maximum, which may give seniors access to more cash.
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23 October 2008
As the number of Americans in the "baby boomer" demographic peaks, seniors and retirees face the brunt of the mortgage crisis at a time when they're most vulnerable.According to the AARP, older people across the U.S.
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