Reverse Mortgage Defaults: Do These Loans Carry a Higher Risk?

May 1, 2012 by  | Leave a Comment Filed under: Loans 

According to statistics compiled by the National Reverse Mortgage Lenders Association, between 10,000 and 15,000 Home Equity Conversion Mortgages (HECMs) are currently in technical default. Some lenders have even foreclosed on seniors who could not arrange a payment plan or otherwise get their (read on...)

What Is a Reverse Mortgage? What Seniors Should and Should Not Expect From These Loans

May 1, 2012 by  | Leave a Comment Filed under: Loans 

According to researchers at the Center for Retirement Research at Boston College, in upcoming years, reverse mortgages will be an important tool used by baby boomers to help them afford expenses during retirement. The continued popularity of these loans leaves many seniors asking, “What is (read on...)

Thinking About a Loan? Try a Reverse Mortgage Calculator

April 27, 2012 by  | Leave a Comment Filed under: Loans 

Home Equity Conversion Mortgages (HECMs) remain popular with seniors interested in making the most of their home equity during retirement. While many of the requirements necessary to qualify for an HECM are clear, others are somewhat hazy. Seniors who are interested in these loans often wonder if (read on...)

How Does a Reverse Mortgage Work? Understanding Servicing, Refinancing and Payoffs

April 27, 2012 by  | Leave a Comment Filed under: Loans 

When most seniors ask, “How does a reverse mortgage work?” they are really asking how to apply and qualify for a loan. For many seniors, qualifying is the simple part. To qualify for a federally-insured reverse mortgage, or Home Equity Conversion Mortgage, seniors must be 62 years of (read on...)

Bank Accounts Represent A Huge Credit Score Vulnerability In This Economy

April 13, 2012 by  | Leave a Comment Filed under: Credit 

Banks love customers that maintain regular and expected account balances, use credit responsibly and keep a close watch on their financial portfolio. That’s what we’re told, but is it still true considering the unstable economic environment in which we are forced to balance our (read on...)

Applying For A Home Loan?

April 10, 2012 by  | Leave a Comment Filed under: Loans 

Investing in a home to live in or investment property is a major decision in any persons life and should be considered and thought about carefully before taking the next step. There are numerous options available to consumers so it is essential that you do your homework first. Some of the most (read on...)

Things To Know When Taking A Loan

April 7, 2012 by  | Leave a Comment Filed under: Loans 

A loan is basically a transaction between two parties, where one is lending a certain amount of money to the other. The borrower has to repay the debt in a given period of time, including the interests (if there are any). The mode of repayment depends on the contract or the agreements between the (read on...)

Tax Write-Offs You Didn’t Know About

March 31, 2012 by  | Leave a Comment Filed under: Taxes 

Filing your taxes is normally put off till the last moment possible. People don’t like filing their taxes most of the time because they might have to owe the government money. There are a lot of people who do get money back after filing their taxes, but some could get a lot more. Knowing (read on...)

Georgia Title Pawns: What You Need to Know Before You Owe – Part 2

March 29, 2012 by  | Leave a Comment Filed under: Loans 

Considering a Georgia title pawn? If you have bad credit, it can be an easy source for quick cash. However, there are a few things you need to know before you pawn your car. Repossession Guidelines: Georgia code 44-12-131 (3) states that “unless otherwise agreed, a pawnbroker has upon (read on...)

Paying Off Debts in the Correct Order

March 25, 2012 by  | Leave a Comment Filed under: Debt 

It seems like everyone has at least one debt to their name, with many other people tied down to entirely too many debts to count. Paying your debts can be depressing because it feels like the number will never get smaller. However, you might be contributing to the length of time it takes you to (read on...)

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