Refinance Mortgage - Reverse Mortgage Pitfalls - Forbes
Reverse Mortgage Pitfalls - Forbes
Reverse mortgages are a way for elderly people to draw an income (either in installments or a lump sum) against the equity that they’ve built up in their homes. For many older people in need of funds to live on, it is nothing short of a blessing, but
Banks can cut off equity line - Detroit Free Press
Lenders across the nation are reducing or canceling the home-equity lines of credit held by homeowners. Dear David: I obtained a $60,000 home-equity line of credit two years ago, but have never used it. Last week, I received a letter stating that the
5 Critical Signposts on a Lender’s Road to Customer Satisfaction - CRM Buyer
There are five key performance indicators that are critical for home-equity lenders in satisfying customers, according to J.D. Power and Associates. These include avoiding surprising the customer during the origination process and being versatile and
How housing rescue bill can help you - CNN Money
NEW YORK (CNNMoney.com) — The Senate on Saturday passed a $300 billion housing rescue bill aimed at helping troubled homeowners avoid foreclosure and supporting mortgage giants Fannie Mae and Freddie Mac. President Bush is likely to sign the bill