Broker vs. Banker…The Difference is in the Customer Service
Broker vs. Banker…The Difference is in the Customer Service It’s the endless question, isn’t it? What, in fact, makes a broker better than a banker? Two Words: Customer Service! Why? Bankers have a adhere to a rigid, corporate schedule. There is no wiggle room when you are dealing with a banker. [...]
R.E.S.P.E.C.T. Reverse Mortgages
R.E.S.P.E.C.T. Reverse Mortgages The lack of respect for reverse mortgages continues even as many older Americans, who have used them, continue to rave about their benefits. One couple in particular, Bob and Fran Ciaccia, have taken full advantage of the reverse mortgage they took out in 2005. Using the $120,000 HECM [...]
What the Difference Between a Reverse Mortgage and a Home Equity Loan?
Reverse Mortgage vs. Home Equity Loan The reverse mortgage program is not as “new” as people might think. While it wasn’t as well known or sought after as today the first program of its kind began in the 1960’s where it remained in relative obscurity until the Department of Housing and Urban [...]
Golden Debt Years
Golden Debt Years The Golden Years might not be so “golden” anymore, especially because of debt. More and more often, older Americans are retiring to soaring medical care expenses, high credit card balances and the stress of second mortgages, making retiring to a “life of luxury and relaxation” a distant dream instead of a [...]
“Short-Sighted” Changes Are Coming to the Reverse Mortgage Program
“Short-Sighted” Changes Are Coming to the Reverse Mortgage Program The reverse mortgage program, as we know it, will be gone October 1. While the specifics on how these changes will be implemented, and regulated, are yet to be seen as well as the consequences of so many changes with little prior notice, [...]
Financial Column: “Take a Reverse Mortgage NOW”
The Benefits of a Reverse Mortgage Line of Credit Option Financial Columnist Jane Bryant Quinn says: “Take a Line of Credit Now” The reverse mortgage program is changing. By the end of September, the program that you and I know as “the reverse mortgage program” will no longer exist. How is [...]
