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Location: 42.336N, 071.017W
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Area: 10555 sq.mi, 44th Land 7838 sq. mi., 45th Water 2717 sq.mi., 17th Coastline 192 mi., 10th Shoreline 1,519 mi., 15th
 
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Reverse Mortgages
Sunday, August 17, 2008
Reverse Mortgage's have been a hot topic ,particulalry for the elderly, here's some basics about reverse mortgages.

Reverse mortgage loans differ from conventional forward mortgage loans.
They are complex financial transactions, which require all borrowers to attend a counseling session.
They may impact the accumulated equity in your home.
You should understand the complete transaction, including your obligations and the associated costs and fees, before signing any loan documents.
Explore the following links to better understand what a reverse mortgage entails and if it is right for you.
What is a Reverse Mortgage Loan?
Points to Remember about Reverse Mortgages
Approved Reverse Mortgage Lenders and Loan Programs
Industry Guidance on Reverse Mortgage Loans
Other Helpful Resources
posted by Mass Real Estate @ 10:11 AM  
 
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