Tag: reverse mortgages

The ins and outs of reverse mortgages – Traverse City (MI) Record Eagle

• September 22, 2015
• By: Greenpath Financial Wellness
• Category: News

It's unlikely the costs of food, heat and medical care will remain unchanged after retirement. That can provide difficulty when making ends meet, said Kathy Conley, a housing specialist with GreenPath Financial Wellness.  Which is why it's important to understand the ins and outs of reverse mortgages. "When you...

New rule may make it tougher to get reverse mortgage – Macon (GA) Telegraph

• April 12, 2015
• By: Greenpath Financial Wellness
• Category: News

Getting a reverse mortgage may sound like the answer to a homeowner’s financial issues. Instead of the homeowner paying the lender every month as in a conventional mortgage, in a reverse mortgage, the lender sends a monthly check to the home­owner.  A new rule may make it tougher to get a reverse mortgage. A reverse...