Comments on: Reverse Mortgage Information http://www.accumulatingmoney.com/reverse-mortgage-information/ Because wealth is better than poverty, if only for financial reasons. Sat, 20 Mar 2010 03:38:39 +0000 http://wordpress.org/?v=2.9.2 hourly 1 By: TStrump http://www.accumulatingmoney.com/reverse-mortgage-information/comment-page-1/#comment-45429 TStrump Fri, 12 Dec 2008 19:08:27 +0000 http://www.accumulatingmoney.com/?p=463#comment-45429 A friend of mine is retiring and we looked at these but decided against them as they wouldn't lend a large enough amount. Instead, we went with a secured line of credit with interest-only payments. This way, he only uses the money when he really needs it ... this kind of forces him to be a bit more frugal, I think. A friend of mine is retiring and we looked at these but decided against them as they wouldn’t lend a large enough amount.
Instead, we went with a secured line of credit with interest-only payments.
This way, he only uses the money when he really needs it … this kind of forces him to be a bit more frugal, I think.

]]> By: 180th Carnival of Personal Finance http://www.accumulatingmoney.com/reverse-mortgage-information/comment-page-1/#comment-45159 180th Carnival of Personal Finance Mon, 24 Nov 2008 14:10:28 +0000 http://www.accumulatingmoney.com/?p=463#comment-45159 [...] from Accumulating Money gives us the lowdown on “Reverse Mortgage Information.”  Like I’ve said, it’s not a great product but there is a market for it.  [...] [...] from Accumulating Money gives us the lowdown on “Reverse Mortgage Information.”  Like I’ve said, it’s not a great product but there is a market for it.  [...]

]]> By: Clint http://www.accumulatingmoney.com/reverse-mortgage-information/comment-page-1/#comment-45042 Clint Wed, 19 Nov 2008 19:47:38 +0000 http://www.accumulatingmoney.com/?p=463#comment-45042 In order to obtain a reverse mortgage, interested applicants should contact a local lending institution and inquire about the different options and rates available. Personal and financial history, including a credit report, will need to be made available to the lending institution. A property appraisal may also be required. In order to obtain a reverse mortgage, interested applicants should contact a local lending institution and inquire about the different options and rates available.

Personal and financial history, including a credit report, will need to be made available to the lending institution. A property appraisal may also be required.

]]> By: Krystle http://www.accumulatingmoney.com/reverse-mortgage-information/comment-page-1/#comment-45037 Krystle Wed, 19 Nov 2008 19:31:17 +0000 http://www.accumulatingmoney.com/?p=463#comment-45037 I'd never heard of these types of mortgages. Interesting. Do you have any guidance as to how to a person can actually go about applying for one? I’d never heard of these types of mortgages. Interesting. Do you have any guidance as to how to a person can actually go about applying for one?

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