Mortgage

Basic Things You Should Know About a Reverse Mortgage Loan

Many people find that once they’ve reached retirement, the majority of their financial assets lie in their home equity. Reverse mortgage loans, also known as home equity conversion mortgages (HECM, an FHA program), are an option available to these individuals who find themselves in need of financial assistance after retirement, or after the age of 62. You may be one ...

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The Genesis of Mortgage Market Review and its Expected Impacts

The Mortgage Market Review (MMR) is a set of major reforms to the mortgage market set out by the financial services authority. These new mortgage market reviews are supposed to benefit all market participants by making the markets work better. The mortgage market review makes the financial services authority more interventional in its approach on matters of regulating the market. ...

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Understanding Second Mortgages

If you are considering a second mortgage on your home, you should take some time and learn more before jumping into this decision. You should weigh the advantages and disadvantages to ensure this is the best step to take in your situation. The one thing to remember is that no matter how good the opportunity looks, you are still putting ...

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