A simple blog where we discuss mortgages in general and reverse mortgages in particular. No financial product is really for everyone. But armed with more knowledge and information, more consumers will be able to make a decision that is right for them.
Cover story: Reverse mortgages satisfy many goals: From the Washington Times
Wikimedia Commons Ouch! Earlier this week it was announced that Citigroup had settled the inquiry into the company’s mortgage practices – to the tune of $7 billion. The deal, which was settled with the Justice Department, represents one of the largest settlements ever made in response to a federal inquiry; specifically in terms of the penalties levied. Of the $7 billion, $4 billion was in penalties alone while $2.5 billion will go towards providing mortgage modifications to homeowners. Another $500 million will go to the Federal Deposit Insurance Corp and 5 separate states.
When you buy a home, you aren't just acquiring a house: You are acquiring a new neighborhood too. As you check out a home, it's important to remember to take a good look at the neighborhood also. What should you look for in a new neighborhood? Check out these tips. Local Schools Find out which school district the house is located in. Research the public school and any private schools in the area. Things you might want to know about the schools include: Student to teacher ratios, grade levels, class sizes, extracurricular activities, tuition and fees.
Comments
Post a Comment