Reverse mortgage is expensive form of borrowing Q: I just checked on a reverse mortgage. I am 63, own my home and have no immediate family. My home is worth about $137,000. I have an outstanding home-equity loan for $10,500. The bank appraised my home at $125,000, because I have the outstanding equity loan. The interest rate is currently 5.49 percent with a mortgage insurance rate of 0.

Reverse mortgages: badly judged or just misunderstood? The reverse mortgage market has faced a great deal of criticism over the years. Angela Faherty looks at the issues facing the sector and asks whether it can ever shake off its bad reputation.

Call for banks to reverse rate hikes amid surge in mortgage arrears ONE mortgage holder in 20 has been unable to make monthly repayments for more than three months and experts fear the figures could be even worse.

Cheaper Reverse Mortgages May Be Coming New federal loan, if adopted, would eliminate up-front insurance payment but lower homeowner proceeds.

Refinancings Soar as Mortgage Rates Remain Low RISMEDIA, September 3, 2010—(MCT)—For anyone under the age of 57, mortgage rates are now the lowest they’ve been during your life. This fact isn’t lost on a growing number of homeowners who have started a new wave of refinancings. …

Debt adviser: Should you pay off your mortgage? Dear Debt Adviser,

Lender could end up paying if all fees were not revealed at buyer's closing Q: My wife and I purchased a house in Florida last April. This past weekend we received a letter and an invoice from the law office that acted as the parties' closing agent, informing us that we owed fees for "additional endorsements requested by the lender after the closing." Real estate - Business - Loan - United States - Mortgage

First title company pro to hold a title Karen Keating, president and owner of Tradition Title Agency in Bay Shore, achieved the Certified Reverse Mortgage Professional designation from the National Reverse Mortgage Lenders Association. She became only the 13th professional in the nation to obtain the CRMP title, and the first person affiliated with a title company. Keating founded Tradition Title Agency, which provides [...]

Surge in mortgage defaulters in South A sharp rise in the number of families in the Republic unable to repay their mortgages is being viewed as a sign the mortgage crisis is worsening. Related Stories Technology firm secures £500,000 deal in US Burger King to be sold for $3.2bn ECB chief urges Irish to sort out bank fiasco Investors braced for worst in US jobs market Burger King swallowed up in whopper purchase

IT'S THE LAW: Mortgage Fraud PART ONE OF A SERIES Frequently a borrower misrepresents important information. This information could include employment, income, sources of funds, assets, debt, or property values.