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Beat the bear with a reverse mortgage - Nov. 6, 2002
Glen and Alice Akins have washed their hands of money worries. After retiring several years ago, the Hollywood Hills, Calif. couple sprang for a reverse mortgage, allowing them to tap the equity ... a reverse mortgage. If your portfolio's in the dumps, a reverse mortgage can supplement your retirement income ... The pitfall is that there's no equity left for heirs," said Elmendorf ...

Getting Divorced
Getting Divorced? Important Considerations on Your Property & Mortgage. Avoid several expensive and painful pitfalls. No question, divorce can be a difficult process to an impossible situation. ... ways this is the reverse consideration of the one above ... mortgage as your responsibility, and consider this "potential" debt against your qualifying ratios. To avoid this pitfall ...

AmStar Mortgage - Providing mortgage loans and information in Minnesota
AmStar Mortgage is a full service mortgage broker licensed in Minnesota. We specialize in first and second mortgages, debt consolidation, refinance, and bankruptcies. Shop for a loan with our ... Real estate values boost reverse mortgage benefits. Phone call to lender doubled one senior citizen's ... blows real estate deal. Major pitfall of rental property tax-deferred trade ...

Elder Law FAX - December 14, 1998
December 14, 1998 issue of the weekly newsletter Elder Law FAX. This issue: Elderly homeowners, primarily low- or moderate-income or minority, are prime targets of predatory mortgage lending ... With a reverse mortgage, an elderly homeowner may choose to make payments to reduce the ... referring them to reverse mortgage lenders. To avoid this pitfall, seniors should contact ...