This is very important to senior homeowners who have properties with higher values, especially those who previously had existing mortgages with balances that the traditional reverse mortgage program could not pay off

can almost hear it now, “This is an article written by a guy who does reverse mortgages? There probably won’t be any con’s”!

This type of reverse mortgage means that senior homeowners have a better opportunity now to obtain a low fixed rate Reverse Mortgage than at any time.

For some, the shock of seeing their lives suddenly altered regardless of their careful planning is devastating, but there is hope for many senior retirees with a government-backed reverse mortgage.

There is a new scam out involving reverse mortgages that everyone needs to be aware of as it doesn’t affect just senior borrowers. It seems that in their effort to constantly find a way to beat the system, there are some who are looking for ways to use senior borrowers and reverse mortgages to flip properties...

They were in the process of or contemplating obtaining a jumbo reverse mortgage with a company who sold their product to Lehman... The only ray of sunlight in this cloudy scenario for senior homeowners is the recent passage of the Housing and Economic Recovery Act, H.R. 3221

Simply put the Equity Key is a program for senior homeowners age 65 and older who wish to access money today for exchanging a portion of their future home value...

Today, President Bush signed HR 3221 into law which has many significant effects on homeowners. The Bill, in its final form, covered a number of subjects that Congress had been trying to resolve from the modernization of FHA, to foreclosure assistance for homeowners, to the shoring up for Fannie Mae and Freddie Mac...

The “comfortable income” many seniors thought they had planned is often eroded by rising costs and incomes which don’t keep pace with those costs. Are there any guarantees anymore...

There is another side to this story that affects senior borrowers very deeply that must be considered and needs to be brought out. IndyMac Bank owns Financial Freedom and holds one of the largest portfolios of both government insured Home Equity Conversion Mortgages...

Obviously neither Mr. Powell nor FINRA has ever sat across a table from a borrower or a couple who couldn’t meet their monthly obligations during these times of rising costs, they never talked to borrowers who had $ 25 left in their account on the fifteenth of the month and had to figure out a way to make ends meet for the remainder of the month until they received their next check...

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...