Reverse Mortgage: A Dignified Way For Retirees To Supplement Income And Take Care Of Expenses Posted By : Vishy Dadsetan
Apr 24, 2008 in Mortgage
Reverse Mortgage: A Dignified Way For Retirees To Supplement Income And Take Care Of Expenses Posted By : Vishy Dadsetan
For many Americans reaching the retirement age, the equity build up in their home is their only real asset. Reverse mortgage is a way to tap into this asset and create a stream of income needed for retirement or take care of an unexpected financial need that is usually related to health care costs in the elderly. Reverse mortgage is not like a refinance, equity loan or a second loan on your home and there are some pitfalls. So what is a reverse mortgage? As the term…
FHA/HUD Relaxes Rrequirements for Repairs and Inspections Posted By : harrydavis
FHA Appraisal Repair Requirements as of December, 2005. This article details the new HUD requirements for repairs and mandatory inspections.