Search


Subscribe to AFM


Subscribe to AllFinancialMatters
by Email

All Financial Matters

Promote Your Page Too

The American's Creed

Site Sponsors

AFM in the Media


Money Magazine May 2008

Real Simple March 2008

Blogroll (Daily Reads)

Reverse Mortages

How Much Does a Reverse Mortgage Cost?

Wednesday, February 13th, 2008

I just did a hypothetical reverse mortgage calculation using this calculator. For the calculation I used a birthdate for the husband of January 1, 1945 and June 25, 1945 for the wife. I also assumed the house was worth $200,000 and that there were no other loans on the property. Here’s the quote I got: […]

What Are Your Thoughts On Reverse Mortgages?

Wednesday, February 13th, 2008

Remember back in November when I posted Reverse Mortages: The Next Subprime Mess? Well, the March 2008 issue of Kiplinger’s has a similar article titled A New Mortgage Mess on the Way? Something to look out for: …as the industry grows, some see eerie parallels to the subprime mess roiling the country. Could reverse loans […]

Reverse Mortgages: The Next Subprime Mess?

Tuesday, November 13th, 2007

Read the following paragraphs from an article titled Reverse Mortgages: The Choices Expand ($) that was in today’s Wall Street Journal: In the past, the reverse-mortgage market has been constrained by having one main buyer, Fannie Mae. But a half-dozen investment banks, including units of Lehman Brothers Holdings Inc. and Bank of America, have started […]