Comments on: Reverse mortgages can turn your home’s equity into spending dollars http://www.retirement-income.net/blog/2009/02/23/reverse-mortgages-can-turn-your-home%e2%80%99s-equity-into-spending-dollars/ Retirement Income, Retirement Investing and Retirement Planning Done Right Thu, 18 Mar 2010 23:58:16 +0000 http://wordpress.org/?v=2.6 By: Pimp Myspace http://www.retirement-income.net/blog/2009/02/23/reverse-mortgages-can-turn-your-home%e2%80%99s-equity-into-spending-dollars/#comment-3967 Pimp Myspace Mon, 15 Feb 2010 12:10:13 +0000 http://www.retirement-income.net/blog/?p=511#comment-3967 Are there reverse mortgages that will let the brower past the house to aires, rather tan sell after death Are there reverse mortgages that will let the brower past the house to aires, rather tan sell after death

]]> By: arfandia http://www.retirement-income.net/blog/2009/02/23/reverse-mortgages-can-turn-your-home%e2%80%99s-equity-into-spending-dollars/#comment-3945 arfandia Fri, 12 Feb 2010 02:50:04 +0000 http://www.retirement-income.net/blog/?p=511#comment-3945 Reverse mortgage is a useful estate planning tool that banks and financial institutions ought to offer making available to seniors. It’s a great security for them to ensure the delivery of their pensions in the amounts they thought forthcoming. Reverse mortgage is a useful estate planning tool that banks and financial institutions ought to offer making available to seniors. It’s a great security for them to ensure the delivery of their pensions in the amounts they thought forthcoming.

]]> By: Bob@ Free ETF Newsletter http://www.retirement-income.net/blog/2009/02/23/reverse-mortgages-can-turn-your-home%e2%80%99s-equity-into-spending-dollars/#comment-3905 Bob@ Free ETF Newsletter Mon, 08 Feb 2010 21:24:40 +0000 http://www.retirement-income.net/blog/?p=511#comment-3905 One thing I've noticed about reverse mortgages for seniors is high closing costs. Its not uncommon to pay origination fees that are about double what they are for conventional mortgages and mortgage insurance. The interest rates are adjustable...FYI. One thing I’ve noticed about reverse mortgages for seniors is high closing costs. Its not uncommon to pay origination fees that are about double what they are for conventional mortgages and mortgage insurance. The interest rates are adjustable…FYI.

]]> By: Corona Homes For Sale http://www.retirement-income.net/blog/2009/02/23/reverse-mortgages-can-turn-your-home%e2%80%99s-equity-into-spending-dollars/#comment-3898 Corona Homes For Sale Sun, 07 Feb 2010 20:02:03 +0000 http://www.retirement-income.net/blog/?p=511#comment-3898 This is the standard line: It is a time when medical costs are likely to increase, as well as unexpected costs can creep up. Use a reverse mortgage to help yourself to gain the financial security in retirement that you worked so hard to achieve. But i;m ot sure it;s the best way to tap your asset. This is the standard line: It is a time when medical costs are likely to increase, as well as unexpected costs can creep up. Use a reverse mortgage to help yourself to gain the financial security in retirement that you worked so hard to achieve. But i;m ot sure it;s the best way to tap your asset.

]]> By: Home Insurance Quotes Blog http://www.retirement-income.net/blog/2009/02/23/reverse-mortgages-can-turn-your-home%e2%80%99s-equity-into-spending-dollars/#comment-3884 Home Insurance Quotes Blog Sat, 06 Feb 2010 00:04:11 +0000 http://www.retirement-income.net/blog/?p=511#comment-3884 The reverse mortgage industry has been plagued over the years by confusion, rife with reports of predatory lenders preying on the elderly. Today, reputable lending institutions require that borrowers receive counseling about the risks and pitfalls before committing to a reverse mortgage. The reverse mortgage industry has been plagued over the years by confusion, rife with reports of predatory lenders preying on the elderly. Today, reputable lending institutions require that borrowers receive counseling about the risks and pitfalls before committing to a reverse mortgage.

]]> By: Evolution Of Wealth http://www.retirement-income.net/blog/2009/02/23/reverse-mortgages-can-turn-your-home%e2%80%99s-equity-into-spending-dollars/#comment-3699 Evolution Of Wealth Wed, 20 Jan 2010 04:11:01 +0000 http://www.retirement-income.net/blog/?p=511#comment-3699 What do you think of the concept of using the reverse mortgage, or people's experience with it, as a learning tool of what not to do? Wouldn't the reverse mortgage, or need for it, be one of the biggest reasons to keep your home and your home equity separate. The rate of return on equity is zero. What do you think of the concept of using the reverse mortgage, or people’s experience with it, as a learning tool of what not to do? Wouldn’t the reverse mortgage, or need for it, be one of the biggest reasons to keep your home and your home equity separate. The rate of return on equity is zero.

]]> By: gfonline http://www.retirement-income.net/blog/2009/02/23/reverse-mortgages-can-turn-your-home%e2%80%99s-equity-into-spending-dollars/#comment-3620 gfonline Mon, 11 Jan 2010 20:38:30 +0000 http://www.retirement-income.net/blog/?p=511#comment-3620 In my experience the cost of a reverse mortgage far exceeds other alternatives such as a refinance or Line of Credit. I think its a well packaged (marketing) product but with a good budget and some discipline managing your own money is a better route. In my experience the cost of a reverse mortgage far exceeds other alternatives such as a refinance or Line of Credit. I think its a well packaged (marketing) product but with a good budget and some discipline managing your own money is a better route.

]]> By: Roy Paeth http://www.retirement-income.net/blog/2009/02/23/reverse-mortgages-can-turn-your-home%e2%80%99s-equity-into-spending-dollars/#comment-3588 Roy Paeth Wed, 06 Jan 2010 06:38:36 +0000 http://www.retirement-income.net/blog/?p=511#comment-3588 As with many things the reverse mortgage is a great mortgage for the right person. There are many misconceptions about the reverse mortgage but in the right situation a reverse mortgage can be a god send. I have had clients who were near foreclosure that not only were able to pay off their mortgage but also received cash back. Roy Paeth <a href="http://shoutwire.com/comments/301951/Chicago_First_Time_Home_Buyer_Where_Are_Rates_Headed_in_2010_.html" rel="nofollow">Chicago First Time Home Buyer</A> As with many things the reverse mortgage is a great mortgage for the right person. There are many misconceptions about the reverse mortgage but in the right situation a reverse mortgage can be a god send. I have had clients who were near foreclosure that not only were able to pay off their mortgage but also received cash back.

Roy Paeth
Chicago First Time Home Buyer

]]> By: Army Veteran http://www.retirement-income.net/blog/2009/02/23/reverse-mortgages-can-turn-your-home%e2%80%99s-equity-into-spending-dollars/#comment-3576 Army Veteran Mon, 04 Jan 2010 19:06:08 +0000 http://www.retirement-income.net/blog/?p=511#comment-3576 Was not familiar with reverse mortgages. Great info! Thanks! Was not familiar with reverse mortgages. Great info! Thanks!

]]> By: link wheel http://www.retirement-income.net/blog/2009/02/23/reverse-mortgages-can-turn-your-home%e2%80%99s-equity-into-spending-dollars/#comment-3572 link wheel Mon, 04 Jan 2010 09:13:59 +0000 http://www.retirement-income.net/blog/?p=511#comment-3572 Reverse mortgage is a useful tool that banks and financial institutions ought to offer making available to senior publics.Its advantages is explained clearly. Reverse mortgage is a useful tool that banks and financial institutions ought to offer making available to senior publics.Its advantages is explained clearly.

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