The Happenings In A Reverse Mortgage

When you're looking for ways to supplement your retirement income, there are a number of different options to consider. A reverse mortgage is becoming a more popular and more common way to provide income when your retirement savings don't leave enough to live on. But with all the information out there, how do you know what happens in a reverse mortgage and whether it's a good option for you? What Is A Reverse Mortgage? A reverse mortgage essentially reverses the typical actions of a mortgage. Instead of making payments on your home, you receive payments against your home's equity. The…
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Are Interest Rates On The Rise – What’s The Next Move?

As the federal reserve continues to taper quantitative easing measures, financial experts project mortgage interest rates will climb in the next two years. Could this be the much awaited ray of light at the end of the proverbial tunnel for builders and investors or will it drive hesitant home buyers to dig in and shelter in place? Homeowners who are vacillating between refinancing for a lower interest rate and staying the course may find the time has come to make a decision. Shrinking unemployment numbers and rising retail sales figures signal that the economy is improving. Even if no one…
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