Reverse Mortgages – Pros & Cons: Is an Equity Release Scheme Right for You?

Asset rich and cash poor is a phrase regularly used by financial advisors. A reverse mortgage involves a financial institution offering a lump sum and/or a monthly payment in return for a share of the properties equity. Equity release schemes have become increasingly popular in recent years as they provide a useful monthly sum of … “Reverse Mortgages – Pros & Cons: Is an Equity Release Scheme Right for You?”

Read More

Congress and the Mortgage Industry: Can Congress Make a Positive Change for Consumers?

As this article is written Congress is currently debating the merits of wholesale changes to the mortgage market. These changes include requiring additional licensing for mortgage brokers, requiring additional consumer disclosure, and providing much needed assistance for current borrowers being foreclosed upon. These sweeping changes sound like the calvary has finally arrived, but Congress is … “Congress and the Mortgage Industry: Can Congress Make a Positive Change for Consumers?”

Read More