Seniors who are at least 62 years of age and want to buy a new home can obtain a reverse mortgage and purchase a residence at the same time.
However, because of depressed home prices, since Oct. 1, 2009, borrowers who obtain reverse mortgages get 10% less than they would have before that date.
That change compensated [...]
Entries from March 2010
Seniors: The Latest on Reverse Mortgages
March 1st, 2010 · Comments Off
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The Pros and Cons of Condo Ownership
March 1st, 2010 · Comments Off
Condo living often elicits images of carefree weekends sitting beside the pool, but there are some pros and cons to consider before making a purchase.
1. The Lifestyle Itself: One of the biggest advantages of condo living can also become a disadvantage. The sense of community, amenities and other features that originally attracted you to a [...]
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