Month: October 2012
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Foreclosures and Reverse Mortgage
0 Likes Thank You! Foreclosure is probably one of the few terms that made it among the household names after its increased rates in 2006-2007 that led to the economic crisis in 2008. While foreclosure rates
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A Closer Look at Reverse Mortgage Line of Credit
0 Likes Thank You! In two studies published this year, the Journal of Financial Planning highlighted the use of Home Equity Conversion Mortgage (HECM) popularly known asreverse mortgageline of credit to supplement retirement income. In Jack
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State-Specific Legislations that May Affect Reverse Mortgage
0 Likes Thank You! While the reverse mortgage industry is governed by a set of interrelated federal and state laws, the majority of policies that affect reverse mortgage lead generation and lending are crafted at the
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Comparing HECM and HELOC: Why One is Preferred Over the Other
0 Likes Thank You! Following the release of Consumer Financial Protection Bureau’s (CFPB) report focusing on reverse mortgage disadvantages and a consumer guide encouraging seniors to try other home equity loan like Home Equity Line of Credit (HELOC), it is