Reverse mortgage is common in most home all over the country today. At the same time, house prices are also soaring while interest rates are at their record lows. Let’s take a look at the reasons why despite the bad publicity that reverse mortgages had, they have managed to stay in the industry all these years to become the “in” thing for many borrowers today. more…

There is no reason that hard working citizens should have to put their bills before their health care. No one should have to choose groceries or prescription, and yet that is a situation many of our seniors find themselves in. It doesn’t have to be this way. more…

Christmas is supposed to be a time for joy, and celebrations. As i started the process of climbing up the rickety ladder to the dusty loft, to bring down the classic decorations, I could hear the trusty postman sticking his hand through the letter box. I glanced down, and saw, not only what was quite clearly 2 bills but another serious looking letter

A collaterized mortgage is what is also called a non-recourse loan. A non-recourse loan is a loan that doesn’t have any individual or corporation exposure. It means, if you or your corporation do not repay the loan, the only thing that you might have to give up is the given stocks.

There is information out there that says a foreclosure will remain on your credit report for a minimum of seven years. The truth is a maximum of seven years.