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Real Estate, US Real Estate

Reverse Mortgages Could Mean Elderly Lose Homes

By Allison Halliday | June 12, 2015
A recent government study has found adverts for reverse mortgages which largely target seniors can be misleading. Elderly people tempted by these offers could find they end up losing their home rather than gaining financial freedom. The Consumer Financial Protection Bureau carried out a study showing elderly homeowners are being misled by the advertising for […]
Mortgage, US Real Estate

Pros, Cons, and Myths About Reverse Mortgages

By Brian Kline | June 2, 2015
As the 77 million baby boomers enter retirement at a rate of 10,000 per day, the reverse mortgage marketplace is potentially $1.9 trillion according to the Consumer Financial Protection Bureau, of which only about 10% has been penetrated to date. While this mortgage product has been around for decades, it's affect on real estate markets […]
reverse mortgage
Mortgage, US Real Estate

Federal Rules Improve Reverse Mortgages, But They Are Not Risk-Free

By Allison Halliday | February 12, 2014
In the past many older Americans sought to release cash from their homes using reverse mortgages in a bid to solve money worries. Unfortunately, as the article in CNNMoney things don't always turn out as planned, and a considerable number went on to incur more debt, or to even lose their home.Nowadays new rules have made this […]
Mortgage, Real Estate, US Real Estate

Kelly Sabino Appointed by US Mortgage Corporation to Lead Reverse Mortgage Division

By Allison Halliday | October 27, 2011
US Mortgage Corporation, a leading national banking company specializing in residential mortgages, has announced the appointment of Kelly Sabino as Director of its Reverse Mortgage division. A reverse mortgage is a government insured loan, allowing seniors aged 62 or older to access equity in their home, relieving the burden of mortgage payments throughout their retirement […]
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