Why the Reverse Mortgage Counselor is So Valuable

By Juhani Tontti When the U.S. Government decided about the reverse mortgages, the main target was to give help to the seniors, who need additional cash but who are not able to loan more. The solution was the reverse mortgage loan, i.e. a system which releases money from the home equities of the seniors. This [...]

Posted Under: Counselor
This post was written by John Andrew on June 25, 2010 Comments (0)

Government Takes Steps Toward Preventing Reverse Mortgage Fraud

By Victoria Belle-Miller More homeowners ages 62 and older are starting to take advantage of the multiple benefits a reverse mortgage has to offer them, including the elimination of monthly mortgage payments and access to their home equity. Unfortunately, as these loans become a more popular form of financing, the ways in which older homeowners [...]

Posted Under: News
This post was written by John Andrew on May 10, 2010 Comments (0)