Archive for the ‘Reverse Mortgages’ Category

Massachusetts Government Offers Reverse Mortgage Help

Posted on: August 27th, 2008 by Kenneth Long No Comments

Massachusetts authorities have announced a new resource for seniors that are considering to apply for a reverse mortgage. The Massachusetts Office of Consumer Affairs and Business Regulation has released online information regarding reverse mortgages. (more…)

Disadvantages of a Reverse Mortgage

Posted on: October 28th, 2007 by Kenneth Long 1 Comment

Home Equity Conversion Mortgages (HECM), also called reverse mortgages, are one of the hottest products available to the increasing number of baby boomers entering retirement. In order to assess whether a reverse mortgage is right for you, you should understand the costs and benefits associated with a reverse mortgage.

First, consider the benefits of a reverse mortgage. If you are house rich and money poor, you may feel the pressure of upkeep on your home while paying ordinary living expenses. You have a good net worth, but you cannot tap into it. (more…)

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