Does a reverse mortgage work?

Opinion divided on if senior’s income source helps or hurts You may have heard that a reverse mortgage will give you a “lifetime income” or you will “never lose your home.” But the jury is out on how effective of an option this is for seniors. Reverse mortgages, or Home Equity Conversion Mortgages (HECM), are available to homeowners who are at least 62-years-old. The loan taps the home’s equity ...

Should You Retire With a Mortgage?

With mortgage rates still skirting historic lows, the "pay-it-off-before-retirement" argument is less compelling.

Sister ‘stole’ from Mom … now what do we do?

Dilemma: Mom is 89, living on a reverse mortgage and Social Security. My sister took and spent all of the equity systemically taking funds over the last three years. The money was squandered on vacations, dining out and entertainment. I’m guessing she took at least $150,000, enough for my mom to have stayed there for 15 more years if she wanted. Mom wants to protect her daughter, says she wanted ...

The Complete Notes of Berkshire Hathaway Annual Meeting - Part II

By Peter Boodell. Read more » » Check out Warren Buffett Stock Picks » Download GuruFolio Report of Warren Buffett (Updated on 05/13/2012) Related Stocks: AMZN , WMT , GOOG , APPL ,

Homeowners: Watch Out for These 5 Common Mortgage Scams

Think you're knowledgeable about the housing market and home financing process? You may consider yourself an expert on mortgages (take this real estate quiz to prove it), especially if you're currently ...