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How do you pay back a reverse mortgage?
Bankrate via Yahoo Finance· 1 day agoKey takeaways Reverse mortgages allow seniors to borrow against their home equity. If the borrower dies, a reverse ...
CFPB official talks reverse mortgage safety, counseling resources
HousingWire via Yahoo Finance· 5 days agoRoyster said that for a senior homeowner seeking access to additional cash, there is no one right...
HUD Updates Home Equity Conversion Rules for Purchases
The National Law Review· 1 day agoMortgagee Letter 2024-06, announcing changes to the Home Equity Conversion Mortgages (HECMs) for...
Why equity-tapping challenges may make reverse mortgages ‘inevitable’ - HousingWire
HousingWire· 4 days agoTraditional equity-tapping methods — such as selling the home or taking out a home equity loan —...
First-time homebuyers aren't buying until mortgage rates drop. It could be a long wait.
USA TODAY via Yahoo Finance· 3 days agomortgage is more or less the norm, with 4% the outlier. “There are only a few times that we had huge...
Can retirees afford long-term care insurance?
CBS News· 4 days agoCompare your options among leading long-term care insurance companies now. Of course, your actual cost will depend on the features of the insurance...
Older Americans are ‘splurging’ on home modifications to support aging in place
HousingWire via Yahoo Finance· 3 days ago“There are people, through no fault of their own or for systemic reasons, who may not have the money...
3 ways to borrow $10,000 of home equity (and 2 ways to avoid) right now
CBS News· 2 days agoIn today's high interest rate environment, credit cards, personal loans and standard lines of credit...
4 Ways Baby Boomers Become ‘House Poor’ in Retirement
GOBankingRates via Yahoo Finance· 6 days agoThere are approximately 72 million baby boomers alive in the United States, as of 2019. Many of...
Nonprofits in Little Rock, Harrison, Russellville get grants for housing counseling | Arkansas...
Arkansas Democrat-Gazette· 2 days agoFour nonprofits in Arkansas are among the 165 housing counseling agencies nationwide to get...