Reverse Mortgage

Reverse Mortgage Training Website Generating Huge Mortgage Broker Interest 
[Press Release] PR Web - Oct 20 12:33 AM
The Association of Reverse Mortgage Specialists, Inc. (C) Tm recently launched its website at www.reversemortgageexpert.net and the response from the Mortgage Industry has been astounding. (PRWeb Oct 20, 2006) Trackback URI: http://www.prweb.com/zingpr.php/RmFsdS1TdW1tLVRoaXItQ3Jhcy1JbnNlLVplcm8=Save to My Web

If property tax is too much, this may help 
St. Petersburg Times - Oct 22 4:45 AM
Rising property taxes and insurance bills have you worried you could lose your home? If money is tight for your family, you owe it to yourself to check out homestead tax deferral when your tax bill arrives next month.Save to My Web
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In some areas, your state or local government may actually help to fund the reverse mortgage. This can give an additional option to those that need it. Also, most of the reverse mortgages that are taken out are also backed by FHA. This means that if the proceeds from the sale of the home (when the homeowner dies or moves out) are not enough to cover the cost of the reverse mortgage, FHA will refund the rest of the money.

If you qualify for a reverse mortgage, many lenders and governments offer them.
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Reverse mortgages a flexible way to access home equity 
Montgomery Advertiser - Oct 17 2:11 AM
In the last several years most homeowners have realized that their home equity is growing larger, and they want to consider ways to utilize their real estate equity as part of their financial resources for retirement and estate planning. Of course, homeowners could sell their homes and use fewer resources for housing, borrow against their home with mortgage loans or consider a relatively new Save to My Web

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Reverse Mortgage Veteran Announces New Trade Association 
Real Estate News - Oct 01 2:23 PM
Special purpose non-profit trade group was established to provide quick start basic training to those seeking to enter the reverse mortgage market.Save to My Web

Legal Guide for Baby Boomers and Their Parents Released by ABA 
[Press Release] American Bar Association - Oct 23 9:11 AM
WASHINGTON, D.C., Oct. 12, 2006 Baby boomers those born between 1946 and 1964 will begin to turn 65 in 2011. And while there are currently some 36.3 million people age 65 and over living in the United States, by 2030 there is projected to be approximately twice as many, 71.5 million, according to the U.S. Census Bureau. What does this graying of America mean when it comes to Social Save to My Web

BER joins reverse mortgage market 
Stuff - Oct 18 9:20 AM
Competition for the $150 million reverse mortgage market is heating up with the arrival of Australian company Bluestone Equity Release.Save to My Web

Education Briefs 
The Times of Northwest Indiana - Oct 09 10:30 PM
Nativity Home and School Association hosts a Texas Hold ‘Em Tournament and Las Vegas Night Oct. 21 at the school, 2949 Willowcreek Road. The tournament starts at 3 p.m., and will be 80 seats; more will be filled if demand warrants it. Side games will take place from 3 to 11 p.m. for a $20 buy-in.Save to My Web

MetLife Bank(R) Offers Tips and Free Materials to Help Women Save and Plan for the Future 
FinanzNachrichten - Oct 03 5:17 AM
When it comes to saving and investing for retirement, women are making tremendous strides. Female homeownership is at an all-time high–with one-fifth of residential real estate now being held by single females. Women are now the primary breadwinners in roughly one-third of U.S. households.Save to My Web

Living-trust scams target the elderly 
Spokane Journal of Business - Oct 13 12:02 AM
Living trusts can be a useful estate planning tool, but are being used here as a ruse by unscrupulous salespeople to persuade seniors to buy bogus trusts and investment products, government and private attorneys say.Save to My Web

Business Calendar, 10/2 
Denver Post - Sep 30 1:57 PM
(Regular weekly meetings listed below) Monday, Oct. 2 Professional Networks, 5:30 p.m., Season’s Cafe, 8101 E. Belleview Ave. Information: www.pronetwrk.com. Tuesday, Oct.Save to My Web
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Reverse mortgages a flexible way to access home equity 
Montgomery Advertiser - Oct 17 2:11 AM
In the last several years most homeowners have realized that their home equity is growing larger, and they want to consider ways to utilize their real estate equity as part of their financial resources for retirement and estate planning. Of course, homeowners could sell their homes and use fewer resources for housing, borrow against their home with mortgage loans or consider a relatively new Save to My Web

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Give elders financial tool to stay home
Rochester Democrat and Chronicle - Our community needs to focus on combining all resources, public and private, so that we can make Rochester the country’s most livable community. Browning is a board member, National Reverse Mortgage Lenders Association. E-mail him at MBrowning

TODAY
Visalia Times-Delta - Reverse Mortgage Seminar From 10 a.m. to 12:30 p.m. Wednesdays at NS Funding Inc., 4130 S. Demaree St., Suite B, Visalia. RSVP: 334-1140. Menus Visalia Unified School District Breakfast: Omelet with salsa, fruit or juice, milk. Lunch: Teriyaki

Fisher: Maverick Joe succeeds, spurs ideas for laws
San Jose Mercury News - The governor came to Palo Alto to sign his reverse-mortgage-scam bill. His “There Oughta Be a Law'’ contest is getting national attention. And readers of the Capitol Weekly recently voted him one of the most effective legislators in California. What

Title Investors purchases First American Title
Anacortes American - Specialists help seniors make wise decisions about selling the family home, buying rental property, managing the capital gains and estate tax implications of owning real estate, obtaining a reverse mortgage, moving to a senior community and other

Harry Gross | Tapping IRA for a new car can work, but one route is
Philadelphia Daily News - The branch manager at my bank suggested that I get a reverse mortgage that will give me regular monthly payments until I sell my house. My children are against this. What do you suggest? What Harry says: There are many situations where reverse

Countrywide Financial Corporation Fixed Income Investor Forum - Final
Insurance News Net - entry into new activities which are logical for us. And with respect to current diversification activities, which we’re working on, as we’ve previously announced, we’re close to launching three new businesses, each from our bank, or reverse mortgage

North County Briefs: Realty Income prices offering
North County Times - CARLSBAD —- “Originate Reverse Mortgage Opportunities” will be held from 5:30 to 7 p.m. Wednesday at America One Mortgage, 5411 Avenida Encinas, Suite 255. Call (800) 858-7590. N. County hotels, restaurants lauded SAN DIEGO (CNS) — Fifteen hotels

FSR style licensing regime for mortgage brokers
Financial Standard - The $1 billon reverse mortgage market has attracted plenty of attention from regulators in the past couple of years because of its high growth rate. Trowbridge Deloitte estimates that more than 20,000 Australians have taken out a reverse mortgage and

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Seminar On Personal Finances
Garden City News,  USA - Oct 5, 2006… answer questions on various financial topics, such as managing credit and debt, reducing household expenses, refinancing a mortgage, reverse mortgages, buying …
Source: www.gcnews.com

Give elders financial tool to stay home
Rochester Democrat and Chronicle, NY - Oct 11, 2006… The US Department of Housing and Urban Development created the Home Equity Conversion Mortgage (”reverse mortgage”) to address this problem. …
Source: www.democratandchronicle.com
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Omni Home Exceeds Unusual Expectations From Competitors 
[Press Release] Market Wire via Yahoo! Finance - Oct 11 3:17 PM
Omni Home, an authority in Reverse Mortgage loan programs, continues to triumph over the competition with ongoing success among ally mortgage brokers due to sky-rocketing loan application numbers, provided through HUD, during fiscal 2006. Once hopeful to foster relationships with established and respected mortgage brokers, no reverse mortgage company has grown with greater swiftness.Save to My Web

BABY BOOMs echo 
Scranton Times-Tribune - Oct 02 1:01 AM
Its a Friday afternoon at the South Scranton Senior Center, and ballroom dance instructor Paul Lannak is showing a half-dozen seniors the finer points of waltz and tango.Save to My Web

Coming events 
Kansas City Star - Sep 24 12:02 AM
INNERLIGHT MINISTRIES INC. will hold an economic stimulus seminar. The topic: Investments: Planning Your Financial Future. Learn about stocks, bonds, mutual funds and the like. Brent Hoskins is the guest speaker. 7 to 8:30 p.m. Monday, Hillcrest Community Center, 10401 Hillcrest Road. Free. For information, call (816) 763-0802, press option 1.Save to My Web

Married life after retirement can be golden 
NorthJersey.com - Oct 02 4:08 AM
For decades, Mary Louise Floyd dreaded the prospect of retirement, both for herself and her husband. Her parents’ 43-year marriage had fallen apart when her father retired, leaving her with negative views about the possibilities for this stage of life.Save to My Web

Daily Planner: Thursday 
Chico Enterprise-Record - Sep 21 5:20 PM
REVERSE MORTGAGE SPECIALIST: 10 a.m.-noon. Community Center, 545 Vallombrosa Ave. Walt Turner will give a free educational presentation on the benefits of reverse mortgages for homeowners 62 or older. Call Turner at 893-5150 or toll free 877-893-5150.Save to My Web

Harry Gross | Tapping IRA for a new car can work, but one route is better than another 
Philadelphia Daily News - Oct 16 12:39 AM
Dear Harry: I have an IRA account that has about $120,000 in it from a rollover. Because of illness, I have had to restart my career. I am now working at 75 percent of the going rate. I will not be getting the full rate until April 2008. Right now we are in dire need of a new car. I have always bought used cars in the past, but I got burned, so I won’t do that any more. It’s not a status thing. I Save to My Web

End of the love-in 
Northern Territory News - Oct 19 3:20 PM
FOR the past five years, baby boomers and generation X have been marketing poison. They have been ignored by television and advertisers in favour of sexy, young generation Y, the reality generation that will do anything for 15 minutes of fame: the marketers’ dream.Save to My Web

Reverse mortgages a flexible way to access home equity 
Montgomery Advertiser - Oct 17 2:11 AM
In the last several years most homeowners have realized that their home equity is growing larger, and they want to consider ways to utilize their real estate equity as part of their financial resources for retirement and estate planning. Of course, homeowners could sell their homes and use fewer resources for housing, borrow against their home with mortgage loans or consider a relatively new Save to My Web

Retiring in style - maybe 
Cape Cod Times - Oct 08 3:55 AM
I get asked the question a lot: ‘’Will I have enough to retire?'’ Much of the answer depends on your current annual cost of living. I see a lot of laboriously constructed household budgets. But they never seem to reconcile with current income.Save to My Web

Long-term health insurance could stem rising elderly care costs: State candidates share options at Broen forum 
Fergus Falls Daily Journal - Oct 19 1:45 AM
Long-term care was the solitary topic of a forum Tuesday for District 10 Senate and District 10A House of Representative candidates. Sponsored by Broen Memorial Home, 10 people attended the forum.Save to My Web
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Most homes are able to qualify for a reverse mortgage. In some cases, though, it may not be a consideration. For example, most mobile homes do not qualify for a reverse mortgage.

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MLS Reverse Mortgage Signs Broadcasting Legend As Northern California
PRWeb - Summerall will certainly help us gain a much larger share of the reverse mortgage market than we currently hold, says Mike Borba, President of Borba Investments, Inc., dba MLS Reverse Mortgage. Reverse Mortgage seems to be the new buzzword in the

Recap of Saturday, September 9
FOX News - If you have interest-only mortgage, reverse mortgages, all those kinky things that people did for financing purposes, it’s going to hurt them. Money Mail Question: “Does the Dow’s rally since 9/11 prove that stocks can deal with terror attacks over the

Give elders financial tool to stay home
Rochester Democrat and Chronicle - Department of Housing and Urban Development created the Home Equity Conversion Mortgage (”reverse mortgage”) to address this problem. A reverse mortgage is a loan that enables homeowners 62 or older to borrow against the equity in their homes

Finding relief in a reverse mortgage
News.com.au - REVERSE mortgages, also called equity release and seniors loans, can help most people over 60 stay in their home by improving their financial wellbeing. Interest in this type of loan is growing rapidly with strong growth in property prices enabling

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