By Amitesh Kumar
The latest news concerning real estate is that mortgage lenders have slashed the fees associated with reverse mortgages - one of the options available for home owners to continue to live in their homes and still cash their equity on it. In the present scenario of foreclosure crisis, and home owners forfeiting their [...]
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 are [...]
By Tim G Robbins
The first major change that took place is the amount charge on the origination fees. Prior to the change the fee was 2% of the appraised value with no cap. Now it has been change to a maximum of $5,950 which relates to 2% of the first $200,000 and 1% of each [...]
