Posts Tagged ‘Home’

Amid squeeze on home equity, a revival for reverse mortgages

The Wall Street Journal

Converting home equity into cash has been a challenge for homeowners since the real-estate downturn, but a growing number of lenders are quietly reviving a loan for seniors that does just that: The reverse mortgage.
Read the full story:
http://online.wsj.com/article/SB10001424052970204542404577158990079313270.html?mod=WSJ_RealEstate_LeftTopNews

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Retiring without a home loan

In today’s shaky economy, many financial advisers are suggesting that homeowners wait to pay off their mortgage, and instead keep the cash available.

Read the full story
http://www.nytimes.com/2011/11/13/realestate/mortgages-retiring-without-a-home-loan.html?_r=1&ref=realestate

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