Question

 Reverse Mortgages & Bankruptcy?

Answer Reverse mortgages--a strategy that allows older people to tap into the equity of their homes--have advantages and disadvantages. These types of loans help people who are at least 62 years old acces... Read More »
http://www.ehow.com/about_6532456_reverse-mortgages-bankruptcy.html

Top Q&A For: Reverse Mortgages & Bankruptcy

Are all reverse mortgages the same?

A Home Equity Conversion Mortgage, also called a reverse mortgage, allows seniors to borrow from the equity in their homes without payments. There are two different types of reverse mortgages, priv... Read More »
http://www.answerbag.com/q_view/1902480

What are the problems with reverse mortgages?

Older homeowners may have a great opportunity to access the funds in their home's equity using reverse mortgages. However, some of the disadvantages of these types of mortgages should be considered... Read More »
http://www.answerbag.com/q_view/1898248

When did reverse mortgages happen?

The initial reverse mortgage occurred in 1961 to a woman named Nellie Young. The mortgage was issued by Deering Savings and Loan, located in Maine. The Home Equity Conversion Mortgage (HECM) was ap... Read More »
http://www.answerbag.com/q_view/2233541

Complaints About Reverse Mortgages?

Reverse mortgages are a type of mortgage that allows people to live in their houses and retain ownership, while receiving an immediate loan amount for the equity in their homes. These reverse mortg... Read More »
http://www.ehow.com/list_7350262_complaints-reverse-mortgages.html


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