To Sell Or To Reverse? Many people are not aware of all the opportunities available to senior borrowers with the Reverse mortgage program. For example, did you know that HUD does not require any title seasoning or seasoning for time off the market when doing a Reverse Mortgage? What exactly does this mean to senior ... Similar Editorial : Reverse Telephone Look Up by Manfred Stohl. | Source : Real Estate Predictions
Aeronautics Technology : Hypersonic Aviation & Supersonic Aviation AEROAGE En route on the mach 4.7 supersonic jet, I flipped open my iTV , which connected me to the most advanced space network, spacecast. The usual news was being broadcast; "NASCOM, the space people have started mining a new mineral on the moon which is almost identical to Uranium; the Americans have come out with yet another version of the unmanned X-67 which maneuvers itself at mach 25 ...... Similar Editorial : In Technology by Anita Johansen. | Source : Advanced Print Technologies
Reverse Mortgages & Oil What is the connection, you might ask between reverse mortgages and the price of oil? And if you or a loved one are a senior homeowner age 62 and over but don't drive, maybe you've been thinking that you are lucky because the price of gas and oil really doesn't affect you as much. But the simple truth is that the cost of oil and the rising cost of gasoline affects everyone who has to eat or drink...... Similar Editorial : Reverse Mortgages and Foreclosure by Luke Helm. | Source : Conventional Mortgage Loan
When Is A Reverse Mortgage Not Right? I have seen a lot of good that Reverse Mortgages have done for senior borrowers. I've seen them change lives and living situations for the better. I've seen people come out of foreclosure with a reverse mortgage and never have to make another mortgage payment. But is there a time when a reverse mortgage is NOT right? Honestly, yes.There are a few examples I can think of off the top of my head...... Similar Editorial : Reverse Mortgage by Barry Scoles. | Source : Mortgage Payment Calculator Amortization
Using A Reverse Mortgage To Purchase A Home A Reverse Mortgage is a national program which typically is offered to homeowners 62 years and older but some private programs have recently been opened to borrowers down to 59 1/2 years old which allows the homeowner access to their equity in the form of cash, monthly income to the homeowner, or a combination of both with the homeowner never making another loan payment for life. The money the...... Similar Editorial : Reverse Mortgage by Barry Scoles. | Source : Mortgage Payment Calculator Amortization
Can You Refinance Your Reverse Mortgage Loan I received a call from the son and daughter of a senior borrower today and they wanted to know if their mother could refinance her reverse mortgage loan. I answered them honestly that yes, she could, but had to ask why was she thinking about refinancing. The reason I asked for the borrower's motivation was because I had a borrower call just a week before and ask if he could refinance because he...... Similar Editorial : Refinance Mortgage Loan by Rony Walker. | Source : Mortgage Payment Calculator Amortization
Staying At Home With A Reverse Mortgage I was asked to give a speech to a group in Boise, ID about how seniors can stay in their homes by using a reverse mortgage. This was an easy one for me because I had helped my mother do this very thing. She didn't need as much help as some of the other seniors I have spoken with who worked with companies who specialize in home remodeling for seniors. Some senior homeowners use reverse mortgages...... Similar Editorial : Reverse Mortgage by Barry Scoles. | Source : Mortgage Payment Calculator Amortization
Differences Between Reverse Mortgage Programs You've made the decision to get a reverse mortgage and now you talk to a bank or mortgage broker and the representative is telling you that you have a choice of the Government Home Equity Conversion Mortgage (HECM or Heck-um) or a Jumbo or Proprietary Program. Is one better than the other? Is one more expensive? Is one more risky? Let's see if we can't cut through some of the fat and get to...... Similar Editorial : Reverse Mortgage by Barry Scoles. | Source : Mortgage Payment Calculator Amortization
Common Use Of Reverse Mortgage Funds As I talk to borrowers and their families, I'm often asked what restrictions there are on the use of the funds from a reverse mortgage. The answer is simple, there are no requirements or restrictions on what you can do with your money, only restrictions against what you must do with the proceeds. In other words, no lender can grant you a reverse mortgage on the condition that you purchase...... Similar Editorial : Reverse Mortgage by Barry Scoles. | Source : Mortgage Payment Calculator Amortization
When Is A Reverse Mortgage Right? Since 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. I always start with the same first response, The first thing I would recommend is that you seek the guidance of a qualified financial advisor. After having given that advice, I am only too happy to go...... Similar Editorial : Reverse Mortgage by Barry Scoles. | Source : Mortgage Payment Calculator Amortization
Independence Day...Seniors Independence With A Reverse Mortgage What 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, but ever since 1988 when Ronald Reagan signed the bill authorizing the Department of Housing and Urban Development (HUD) to insure Reverse Mortgages through the Federal...... Source : Long Term Fixed Rate Mortgage
Spanish Delight As Majorca Chosen For Hotel Site Europe's favourite holiday island Majorca is set to have Spain's most luxurious hotel in Spain on her soil, boosting the island's image and economy while attracting high spenders, according to news reports recently.As well as helping the island's economy directly, luxury hotels, especially on a favourite holiday island to many Europeans and North Americans, will doubtless see Majorca mentioned in...... Similar Editorial : The Sports Of Majorca by Daniel Eyre. | Source : Airport Accommodation
