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Articles & Real-Life Stories: Reverse Mortgages

In reverse mortgages, as opposed to traditional mortgages where you are repaying the lender, the homeowners utilize the equity they have built up in their homes to receive payments from the lender. The proceeds from the reverse mortgage can be used in any way that the borrower desires. Search the SourceBook Directory for reverse mortgage specialists in Virginia, Maryland, Washington DC, Pennsylvania, New Jersey, or Delaware.

View Articles and Real-Life Stories in Relation to: Reverse Mortgages

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Tag: Real-Life Story

Title: Making a Decision for Two

Preview: When Mr. Jones, a retired federal employee of 30 plus years, met with an attorney to discuss a reverse mortgage, he was the only one present. His wife was in a rehabilitation center recovering from a stroke. While she was mentally competent, physically the stroke had left her unable to do most of...

Tag: Real-Life Story

Title: Fulfilling Her Dream With a Reverse Mortgage

Preview: After the sudden death of her husband, Dorothy Duvall thought that her dream of traveling across the country in a motor home had been brought to a halt for good. She and her husband had lived in several places along the East Coast and had taken their four children on numerous vacations across ...

Tag: Real-Life Story

Title: Fulfilling a Dream with a Reverse Mortgage

By: Guide to Retirement Living Staff

Preview: Typically, the vast majority of people associate a reverse mortgage with someone needing financial assistance to cover the increasing costs of medications, groceries and home maintenance. However, Mr. and Mrs. Taylor, a retired couple, used the proceeds from their reverse mortgage for the unique ...

Tag: Article

Title: How To Obtain a Reverse Mortgage

Preview: For an increasingly large number of senior homeowners, reverse mortgages are an attractive financing option that affords them the opportunity to remain in their own homes and receive much-needed funds. A reverse mortgage is an exact replica of a traditional mortgage-in reverse. Instead of repay...

Tag: Article

Title: A Model Retirement

By: Christy Pagans

Preview: Alan and Katharine Jung are truly a model for ideal retirement living. Not only have their retirement living decisions been well thought-out and proactive, but they have also embraced the new opportunities that retirement offers and are fully enjoying what they refer to as a "new season in their ...

Tag: Article

Title: A Retirement That is More Than O.K.

By: Christy Pagans

Preview: Two signs hang outside Mrs. Sadie Hofstein's apartment in Martin's Run, a continuing care retirement community in Media, PA. One cheerfully announces, "I'm O.K.," while the other is a more distinguished plaque engraved with "Hofstein House." Both say a lot about Mrs. Hofstein's personality, he...