Archive for December 2008

Reverse Mortgages – In Retrospect

Credit products are a multi-billion dollar industry in the U.S. alone. Much of the country’s economic indicators rely on this once-stable industry. Recent economic recess has either contributed or had contributions from a rather declining credit industry. Amidst the chaos of the present economic crisis, both lenders and borrowers are struggling to negotiate a credit [...]

Beware of Reverse Mortgage Scams

As the concept of reverse mortgage is becoming increasingly popular among seniors, who are looking at it as a way to supplement their income, reverse mortgage scams are also increasing proportionally. Scammers capitalize on the little or no knowledge that most senior citizens have about reverse mortgages and try to rob them of their funds.
Many [...]