ConsumerMan: Beware of reverse mortgages

Reverse mortgages are complicated. They can be a godsend to some seniors who have no other way to pay their bills. But they can be a nightmare for people who dont understand how they work. Financial Services - Loan - Business - Mortgage - People

Is reverse mortgage for them?

Dear Bruce: We are an elderly couple in our late 60s. My husband is diabetic, and our insurance does not cover much of his medication, which is very costly. To afford his medicine, he wants to take out a reverse mortgage. He is telling me that if he dies, I would be able to stay in our home until I die or want to sell. The home would require upkeep that I am not able to do. I do not think this ...

SCOTT BURNS: Reverse mortgages, bucket method for retirement

My husband and I are 65, retired, and own our home. What are the issues that we should be aware of with a reverse mortgage?

In-House Realty on a growth path as a Quicken affiliate

While many businesses that build, sell or finance homes are still licking their wounds from the nation's mortgage/housing meltdown -- at least those that survived it -- the insatiable Quicken Loans behemoth keeps growing. How? By gobbling up fees for services at virtually every stage of the home purchase and relocation process.

One Reverse Mortgage to Move to Detroit

One Reverse Mortgage LLC, the nation's third largest reverse mortgage lender, today announced it will move its Livonia, Michigan, headquarters to downtown Detroit. Â The company, and 110 team members, will move to the Compuware Building and share space with its sister companies, Quicken Loans Inc., Fathead and In-House Realty. Â The move is expected to take place sometime late this summer.