Not all borrowers have traditional means of employment or income. There are many people who may fit into non-traditional income categories such as:
As more and more baby boomers enter retirement age, the question of whether or not to sell their homes and move is a hot topic. According to the National Association of Exclusive Buyers Agents (NAEBA), there are 7 key factors that you should consider when choosing your dream retirement home.
If you're not already familiar, a reverse mortgage is when the lender makes payments to the homeowner instead of the homeowner paying the lender as with a traditional mortgage. You can receive money from a reverse mortgage in one lump sum, monthly payments, as a line of credit, or a combination of...
Tom Selleck. Robert Wagner. Henry Winkler. Fred Thompson. These are just a few of the celebrities who you may have seen singing the praises of reverse mortgages in TV commercials. On the other hand, you might have read articles saying that reverse mortgages prey on the desperate and should be...