All Posts in Reverse Mortgages

Fed Meetings and their impact on consumers

July 18, 2011

The Federal Reserve released its June 2011 Federal Open Market Committee meeting minutes Tuesday. It contained no surprises and, as such, mortgage rates in Pennsylvania and New Jersey have idled in the hours since. The Fed Minutes is published 8 times annually, three weeks after each scheduled Federal Open Market Committee meeting. It’s the official log […]

Information You Should Know Before Applying for a Reverse Mortgage

April 25, 2011

Reverse mortgages are beginning to skyrocket as seniors are realizing the need for extra cash for various expenses. The money gained from reverse mortgages is often used for medical expenses, necessary home repairs, or even as a supplement to social security. Reverse mortgages can give seniors the opportunity to extract much needed money out of […]

Reverse Mortgage vs. HELOC – Which one should you choose?

April 16, 2011

Reverse Mortgage vs. HELOC – Which one Should you Choose? Baby boomers are entering their senior years and because of the recent economic downturn, many are looking for options to generate some cash. If you looking into getting a mortgage,   before you sign on the dotted line, you should understand the options available to you. […]