President Obama has signed a bill that extends the tax credit for California first-time homebuyers (FTHBs) into the first half of 2010. This program had been scheduled to expire on November 30, 2009 for FHA FTHB’s. In addition to extending the tax credit of up to $8,000 through June…
What are the risks involved with taking out a Reverse Mortgage? Can you lose your home? What happens if you die before it is paid off? Know the facts. The biggest fear that seniors have, is that they may lose their house if they are unable to make the…
Reverse mortgage lenders send monthly checks without an ownership interest in your home. Find out how to cut payments and receive additional payments every month. Reverse mortgages are similar to conventional options, but are not entirely the same. Ownership however remains in the hands of the homeowner. Lenders file…
Interest on a reverse mortgage is surprisingly affordable and not paid as long as you stay in your home. Find out how to increase cash flow immediately for a better lifestyle. A reverse mortgage works differently than conventional home loans. No payment is required while you live in your…
Spend reverse mortgage proceeds anyway you want: investing, saving, or splurging on those special treats you always desired. The money is yours. Use it freely each month. The allure of a reverse mortgage bites everyone occasionally. The ability to eliminate home payments and begin receiving a new check each…
Discover how easy you can qualify for a reverse mortgage, regardless of income and credit history. Take advantage of your home equity to reduce payments and increase cash flow. The benefits of a reverse mortgage attract most homeowners. The ability to eliminate home payments, receive a new monthly check,…
Top 10 Things to Know if You’re Interested in a Reverse Mortgage By Laurie Willis Reverse mortgages are becoming popular in America. HUD’s Federal Housing Administration (FHA) created one of the first. The Home Equity Conversion Mortgage (HECM) is FHA’s reverse mortgage program which enables you to withdraw some…
Ben Bernanke, head of the Federal Reserve, said Monday the central bank will continue to support the mortgage market while bank lending remains constrained, reports National Mortgage News. Here’s more: “We continue to encourage banks to raise additional capital to support their lending. And we continue to facilitate securitizing…
Note: this is not seasonally adjusted. There is a very distinct seasonal pattern for imports, but not for exports. Sometimes port traffic gives us an early hint of changes in the trade deficit. The following graph shows the loaded inbound and outbound traffic at the ports of Los Angeles and…
I had the pleasure of spending 30 minutes this morning with Steve Rosenbaum recording a preview of my “Mortgage Blogging Success” presentation for VREBC – Virtual Real Estate Bar Camp , which is November 17 @ 3:15-3:45 pst. Listen to the preview call: SteveRosenbaum.com VREBC – Virtual Real Estate…