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Tighter Rules for Reverse Mortgages Are Coming This Fall
The rules governing reverse mortgages are about to change, which could mean less money for borrowers. But it also may help reduce the program’s high default rate. Congress recently gave the Federal...
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Why You Won’t Get as Much Out of a Reverse Mortgage Now
The U.S. government is putting tighter restrictions on reverse mortgages, reducing the amount of equity homeowners can access through reverse mortgage deals. In a reverse mortgage deal, homeowners 62...
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Changes afoot in reverse mortgage market
Ever since the housing boom and bust, the real estate market has been clawing its way back from the bottom. For those keeping track, prices peaked in 2006 before dropping by more than 30 percent...
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Do your homework on reverse mortgages
I often hear about reverse mortgages being advertised on television. For senior citizens it seems like a great idea — get a monthly income and stay in the home. As usual, all is not as it appears. In...
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3 ways a reverse mortgage can leave you homeless
When it comes to reverse mortgages, inflation should be one of your top concerns. Over time, inflation can eat away at the value of your annuity benefits or yield on a bond, but that’s the worst that...
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2 New Reverse Mortgage Rules For Couples
New reverse-mortgage rules kicking in Aug. 4 should provide peace of mind to married couples considering taking out these loans. Reverse mortgages (home loans for people 62 and older that let them...
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