Click to enlarge.
Reverse mortgages! Don't fail me now!
March 9, 2008
Some Seniors Victimized in Reverse Mortgage Boom
The growth in these mortgages has skyrocketed in recent years. According to a 2007 report from the Department of Housing and Urban Development, the number of reverse mortgages grew from nearly 8,000 in 2001 to more than 107,000 last year. The average loan amount grew 80 percent to $138,700 during the same time period, a 2007 report from the AARP Public Policy Institute found.
December 12, 2012
It’s full-speed ahead for reverse-mortgage industry
Borrowers also are increasingly likely to use reverse mortgages for other purposes than daily living expenses. Many are paying off a traditional mortgage in order to retire early.
Fantastic!
Source Data:
St. Louis Fed: Custom Chart
Advertisement
You have just read the article News for today's that category by title Real Estate: Stick to the Long-Term Plan!. You can bookmark this page with a URL https://news-these-days.blogspot.com/2013/08/real-estate-stick-to-long-term-plan.html. Thank you!
Posted by: Tukiyooo
Real Estate: Stick to the Long-Term Plan! Updated at :
2:44 PM
Friday, August 23, 2013
Post a Comment