Stop Procrastinating!:Apply for Reverse Mortgage Now! Home Values Declining.

Real Estate

The Shifting Calculus of Buying a House

The Wall Street Journal Online
By James R. Hagerty and Anjali Athavaley

Report Predicts Price Declines In 100 U.S. Cities Over Next Few Years; Sitting Tight in Brooklyn

Home buyers have another reason to sit on their hands.

In the latest news from the slumping U.S. housing market, a report released this week says that median house prices are likely to decline more than 10% over the next few years in 20 metro areas, including Las Vegas, Tucson, Ariz., and Washington, D.C.

Wall Street Journal Online: Reverse Mortgage, LTC & Assisted Care, which one?

 

A Policy to Live By
Wall Street Journal (subscription) - New York,NY,USA
... What other options are available to them? One possibility is a reverse mortgage to cover future long-term-care costs. With a reverse

Reverse Mortgages are a Long Term Solution.

 Reverse mortgages may not be for seniors who aren't sure how long they are going to be in their home.

 

The Federal Housing Administration, Fannie Mae, and Financial Freedom Senior Funding Corp.) may not be for seniors who aren't sure how long they are going to be in their home.  "If it's only for two years, it's not the best thing to do, "The high closing costs and presumed interest rates make these type of mortgages would not solve a seniors financial problems on the short term."  

Mark Browning is a board member, National Reverse Mortgage Lenders Association

Give elders financial tool to stay home
Rochester Democrat and Chronicle - Rochester,NY,USA
... The US Department of Housing and Urban Development created the Home Equity Conversion Mortgage ("reverse mortgage") to address this problem. ...

Reverse Mortgages Phoenix News

Reverse mortgages -- are they safe?
AZFamily (subscription) - Phoenix,AZ,USA
... That's right, in order to get her house back free and clear, she has to give the mortgage company that wrote up the reverse mortgage $40,000. ...

Reverse Mortgage Q & A: IS REVERSE MORTGAGE GOOD FOR A STRUGGLING RETIREE?

How can home prices rise as sales sink?
Mortage 101 - USA
... IS REVERSE MORTGAGE GOOD FOR A STRUGGLING RETIREE? ... Someone recently told me about a reverse mortgage. I am a 66-year-old single woman with no children. ...

Reverse Mortgage, Bombay,India

Reverse mortgage benefits
Financial Express - Bombay,India
... more, who owns a house, can be given loan up to a fixed amount worked out on the percentage basis of the market value of the house owned and given on mortgage. ...

Medi-Cal estate recovery claim from the California Department of Health Services

McNichol & Tillem: Is reverse mortgage the way to go?
Napa Valley Register - Napa,CA,USA
... are $4,300. Should we start thinking of a reverse mortgage or Medi-Cal planning? She is not far from going into a nursing home. My ...