Do you know that 10,000 per day of us are turning 65? By 2030, 20% of all Americans will be over 65? 80% of us own our own homes and there are 27 million senior homeowners as of 2008. Seniors have the lowest median income and highest median home equity. Today there are 75,647,000 owner [...]
Author Archives: mbottari
Finally…a Well-Balanced Accurate Reverse Mortgage Report
November 17, 2009 – 2:52 pm
FOR IMMEDIATE RELEASE INDUSTRY RELEASE Marge encourages all to view AARP reverse mortgage segment in the following blog entry Baltimore, Maryland – Nov 2, 2009 The following article from Mark Schmidt of the Examiner describes the well-balanced, accurate reverse mortgage report from AARP: AARP Inside E Street “Reverse Mortgage: Rescue or Trap?. Despite a spate [...]
AARP Survey Shows Consumer Satisfaction with Reverse Mortgages
August 24, 2009 – 10:33 pm
A recent survey complied by AARP has shown that consumer satisfaction with reverse mortgages have been very positive. In fact, 93% of borrowers reported that their reverse mortgage had a positive effect on their lives. http://tinyurl.com/kvrf5h
Health Costs Could Gobble Retiree Savings, Especially for Women
August 3, 2009 – 8:26 pm
http://tinyurl.com/mlr3gk
What’s New With Reverse Mortgages
August 2, 2009 – 6:50 pm
Lending Limit of $625,500 and FHA Temporary Lending Limit to be Extended: The lending limit increase for Reverse Mortgages from $417,000 to $625,400 was part of the Obama Stimulus package. We expect an extension of that limit; possibly even an increase to the new temporary FHA lending limit of $729,750 in high cost areas such [...]
