There are many benefits to obtaining a reverse mortgage on your property in your senior years both monetary and non-monetary. Here are some to consider. In case you have never heard of a reverse mortgage it is type of loan that allows you to convert some of the equity…

Some consider reverse mortgages to be safer than home equity loans. Once you’ve learned a bit about them, you probably will to. If you are considering a reverse mortgage, so that you can extract some of the equity that you have in your home, but are not completely decided…

Secrets that you should know plus all of the latest tips that will help you to answer the question, “How do I compare Reverse Mortgages?” “How do I compare reverse mortgages?” indicates an interest in doing reverse mortgages. You also may need to compare reverse mortgages with home refinance…

Can I get a reverse mortgage on a second home? Can I get a reverse mortgage on a town home? Can I get a second reverse mortgage like a second regular one? You can not get a reverse mortgage on a second home or vacation home. To receive a…

More and more people are taking out reverse mortgages but are there risks involved? Find out more about it here. With economy the way it is today more and more seniors are turning to reverse mortgages as a way to get a little extra money toward their retirement incomes.…

Am I responsible for maintenance and taxes if I have a reverse mortgage? What if I can’t afford to repair my home? Can a reverse mortgage be canceled? When you have a reverse mortgage on your home you are still responsible for the maintenance of the home and property…

Anthony Hsieh, who previously founded and sold LoansDirect.com to E*Trade and HomeLoanCenter.com to LendingTree, is at it again, National Mortgage News reported recently. His latest venture is LoanDepot.com in Irvine, naturally. NMN reports: The backers for loanDepot include San Francisco-based private equity company Parthenon Capital Partners. Mr. Hsieh has…

Note: Here is weekly summary and a look ahead . From Fed Chairman Ben Bernanke: Monetary Policy and the Housing Bubble And reports on the speech: From the WSJ: Bernanke Says Rate Increases Must Be an Option From the NY Times: Bernanke Blames Weak Regulation for Financial Crisis Dr. Bernanke…

In the year ended 2008, foreclosures were reported on 2.3 million American properties. This is an increase of 80% from the year 2007, and it also represents an increase of 225% from the year 2006. These findings were made by the RealtyTrac U.S. Foreclosure Market Report made out on…

Randy Johnson, president of Independence Mortgage Co. in Newport Beach, author of “How to Save Thousands of Dollars on Your Home Mortgage” and a mortgage broker since 1983, answers questions… Tony in Mesa AZ asks: Q. I currently have a home equity line of credit (HELOC) on my main…