credit: FoxgirlThe reverse mortgage loan is one of very few mortgages in the country that is actually on the rise. That’s because this loan is entirely different from the standard mortgage and serves a need in the community that exists today. Rather than being a loan that you take out and have to pay back each month, this is a loan that is paid out to you from the lender. The reason that the bank does this is because you are accessing the money through your home equity.
Archive for the ‘Mortgages’ Category
Questions to Ask Before Getting a Reverse Mortgage
Monday, March 17th, 2008Property Managers Should Take Note of Foreclosure Rates
Thursday, December 20th, 2007RealtyTrac, a leading web site for foreclosure properties, releases lists documenting the foreclosure rates for 100 metropolitan areas. Listed below are cities with the highest and the lowest foreclosure rates in November. The number listed to the right of the city shows the number of households per foreclosure filing. For example, in Stockton one in every 31 households has a foreclosure filing. (more…)
What Does the Mortgage Crunch Mean For Property Owners
Friday, August 17th, 2007I’ve been trying to buy a new house in the last couple of weeks, and all I keep hearing about from the lenders I’ve been working with is how there are fewer options for loans because lenders are pulling some of their programs. I also hear that this probably won’t impact buyers with good credit who have some money saved for a down payment. (more…)
