Sam in Reverse

Reverse Mortgage vs. Home Equity Loan - NASDAQ.com : 'via Blog this'

Try a Reverse Mortgage or Pay Off Loan? | Fox Business : 'via Blog this'

Potential Reverse Mortgage Pitfalls - NASDAQ.com : 'via Blog this'

Why you can’t get the lowest mortgage rates - Amy Hoak's Home Economics - MarketWatch : 'via Blog this'

Is It Right to Reverse? - Real Estate - ReviewJournal.com : 'via Blog this'

Reverse mortgages in a down economy require some reevaluation, should act as last resort: Chatzky : 'via Blog this'

Reverse mortgages don't always work – USATODAY.com : 'via Blog this'

How Missed Insurance Payments Put Home at Risk - FoxBusiness.com

Akron Ohio News - Reverse mortgages: Expensive, but compared to what? :

Q. I want to buy a retirement home in North Carolina for $263,000. I am selling my home in New Jersey, where I have lived for many years. Although I could pay all cash for the home I'm buying, I'd prefer to take advantage of current low interest rates and not to tie up so much of my money in real estate. The problem is, I'm 69. Would anyone give me a mortgage at my age? And if they did, would I be foolish to take it? --Little Silver, N.J. Read the answer at the WSJ online. http://online.wsj.com/article/SB10001424052702304450604576420143484886916.html

Reverse Mortgage Can Be a Lifeline for Seniors

MetLife Pushes Reverse Mortgages as Wells Fargo, Bank of America Retreat - Bloomberg

Reverse mortgages and nursing home care Realty Q&A - MarketWatch : "s"

Before taking on a reverse mortgage, it’s important to know options, costs - The Boston Globe

How to Use Family Assets to Help Pay for Long-Term Nursing Home Costs

Pullback of HUD reverse mortgage rule to benefit spouses - The Washington Post

Private Reverse Mortgage in the Family - FoxBusiness.com

A Lower-Cost Reverse Mortgage - WSJ.com

Agency allows surviving spouses to stay in homes | detnews.com | The Detroit News

U.S. Housing Agency Eases Rule for Spouses of Deceased Borrowers - Bloomberg

Click the title of this blog entry and check out my site today and everyday. It will be featuring specials in the coming weeks. I welcome your comments and questions.

It was a simple enough proposition. Michael and Margie Gershtenson had always heard that the Southwest, land of cacti, affordable housing and low taxes, was a great retiree haven. And they knew they needed to set aside a certain amount for life's next chapter—as those big-broker ads ask, "What's your number?" So they set up a foolproof plan: Build a nest egg of at least $3 million, and get out of town. Which is exactly what they did, hitting that threshold five years ago and closing down their dental practice in Colorado—Michael had been the dentist, Margie the hygienist. Off they went, to senior-rich Sedona, Ariz., to live out their golden years. Read more: 5 Biggest Retirement Myths - SmartMoney.com http://www.smartmoney.com/personal-finance/retirement/5-biggest-retirement-myths-1299777365195/#ixzz1GsSz4q5L

At a time when many baby boomers are struggling to pay mortgages on homes that have lost value, the ads for reverse mortgages can sound like a lifeline. But don't reach for one too quickly, Consumer Reports advises. Read more at http://bnj.mn/wBjya3

Taking on a reverse mortgage can be a smart move or a financial disaster, depending on the type of loan and your circumstances. Avoid these mistakes to make a reverse mortgage a smart move Read more: http://www.foxbusiness.com/personal-finance/2011/02/17/5-costly-reverse-mortgage-mistakes/#ixzz1Ebdxaxzs

Cover story: Reverse mortgages satisfy many goals. From the Washington Times

http://www.npr.org/2011/02/15/133777150/Reverse-Mortgages-Good-For-Seniors

WASHINGTON (MarketWatch) — Question: I am not qualified to make the decisions necessary for our situation, but hope that someone with your knowledge may help guide me so my husband and I can make it for our remaining 20 years. The situation is this: Read more http://www.marketwatch.com/story/using-a-reverse-mortgage-to-buy-a-home-2011-02-11

Money Magazine: Ask the Expert (Money Magazine) -- My wife and I are 62 and just starting to take Social Security. We're thinking about taking out a reverse mortgage and using it as a line of credit. The extra money could come in handy. What do you think? -- S.W., Red Oak, Texas A reverse mortgage can be a good way for people 62 and older to turn their home equity into extra spending cash that can supplement Social Security and withdrawals from savings, making retirement more enjoyable than it otherwise might be. read more.... http://money.cnn.com/2011/02/01/pf/expert/reverse_mortgage.moneymag/

Understand reverse mortgage options - Chicago Sun-Times

Shattered Dreams: Bob Massi from Fox News breaks down the basics http://video.foxnews.com/v/4513062/reverse-mortgages-what-you-need-to-know

When Jane Blume saw that her mother was running out of money, she was worried. Her mother, then in her mid-90s and still living in her Brooklyn co-op, was having difficulty paying bills. Her only sources of income were Social Security and rapidly-dwindling savings. http://www.foxbusiness.com/personal-finance/2011/01/20/reverse-mortgage-ok-parents/

Some seniors whose retirement savings took a hit over the last couple of years may have considered a reverse mortgage to help with expenses.

A reverse mortgage has long been considered a loan of last resort because of its high fees. Now, a new type of reverse mortgage is attracting the attention of more-affluent borrowers eager to extract cash from their homes. But older homeowners—and the adult children who advise them—need to be aware of the new trade-offs. Read the full article at

OLDER homeowners who have spent years building up equity may be tempted to cash out through a reverse mortgage. But high fees can make these loans pricey Continue reading at http://www.nytimes.com/2010/12/12/realestate/mortgages/12Mort.html