Viatical Settlements, Life Settlements & Reverse Mortgages

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Viatical Settlements, Life Settlements & Reverse Mortgages

A viatical settlement is the sale of a life insurance policy by the policy owner before the policy matures. Such a sale, at a price discounted from the face amount of the policy but usually in excess of the premiums paid or current cash surrender value, provides the seller an immediate cash settlement. Similar to reverse mortgages, viatical settlements involve insured individuals with a life expectancy of less than five years. In countries with high health care costs (such as the United States), this is a practical way to pay extremely high health insurance premiums and other senior care expenses that severely ill people face. Some people are also familiar with life settlements, which are similar transactions but involve insureds with longer life expectancies (two to fifteen years).

Total Mortgage Expands Reverse Mortgage Program To Assist Growing Senior Population
Total Mortgage Services, a leading mortgage lender and broker, announced today it is expanding its reverse mortgage lending operation. This Reverse Mortgage Program, along with some of its lowest mortgage rates, will help more senior homeowners.

Seniors Have a New Resource to Research Assisted Living Housing Options
Assisted Living Facilities launches with a nationwide directory of over 40,000 state-licensed senior living communities. A senior care blog and Q&A area also offer helpful advice and information for elders and their families considering assisted living.

RetirementGiftShop.com Expands Retirement Gifts and Retirement Party Supplies More Retirement Poems, Retirement Gift Baskets, & Retirement Party
Just in time for the retirement season, RetirementGiftShop.com is adding more retirement gifts to its internet store and expanding several product lines including more retirement party supplies, retirement gift baskets, retirement poems and military retirement poems.

Pros and Cons of Reverse Mortgage Loans
Reverse mortgage loans are being touted as the ideal solution for older homeowners who may need extra income during their retirement years. On the surface, reverse mortgages seem to have no down sides. The homeowner receives a monthly payment from the bank, which allows them to remain in their home and pay expenses. There are no payments due as long as the homeowner remains in the home, at which time the loan is due and can be repaid by selling the home. A reverse mortgage loan agreement can seem like a godsend, but there are both pros and cons to reverse mortgage loans. A wise homeowner will do well to examine them carefully.

Reverse Mortgage for Seniors - Why You Need Independent Counseling
Reverse Mortgage Information You Need to Know By Don Seibert

How To Get The Best Reverse Mortgage Rates
As with your first home mortgage and all major purchases, you need to shop around when considering a reverse mortgage to ensure that you are getting the best rate available. Talk to your family and friends, use mortgage calculators online and preview rates on various websites to be well on your way to finding some great mortgage rates for your reverse mortgage.

Reverse-Mortgage-Info.net expands to San Diego, Los Angeles, San Francisco and Sacramento
Leading reverse mortgage lender now has specialists located in the top four major metropolitan areas in California

Finding Honest Reverse Mortgage Companies
With millions of Americans now at or approaching retirement age, the problems of failed pensions, inadequate social security, and escalating health insurance costs are threatening to cause a massive increase in the number of seniors who will be struggling to stay financially afloat during their golden years. Many of these people have turned to reverse mortgages as ways to supplement their retirement incomes, and if you are thinking of joining their ranks, you need to be sure your reverse mortgage is handled by a reputable lender.

Reverse Mortgage Requirements
Reverse Mortgage Requirements

Harborstone Credit Union Partners With Security Reverse Mortgage To Provide Reverse Mortgages To Its Members
Harborstone Credit Union provides a much needed service to its senior members in these difficult times.

Important Reverse Mortgage Information for Confused Consumers
Before you talk to a reverse mortgage broker, do you homework. Learn as much as you can about what a reverse mortgage is and the details that apply to you. When you are informed you can ensure that you get the right mortgage for you for all of the right reasons and that you will be dealing with a company that is above-board and will treat you fairly.

What You Need To Know When It Comes Reverse Mortgage Loans
When it comes to reverse mortgage loans you do not want to be one of the countless numbers of people who are tricked by their reverse mortgage loans. You need to do your homework and read the fine print. Know what you are getting before you make the decision that a reverse mortgage is right for you. By being informed of the process and details that a reverse mortgage entails you are less likely to be tricked by a lie; because you will know the truth. The more you know about reverse mortgage loans, the better off you are when it actually comes time to getting your own reverse mortgage.

How A Reverse Mortgage Works
Ever wonder how a reverse mortgage works? For folks that have lived in their home for a long time, they may very well be sitting on a gold mine. Home prices have increased greatly over the last thirty years, and nationally have nearly doubled in value over the last ten years. This has left a great many homeowners with valuable equity in their homes and many different options to access that equity, home equity loans and mortgage refinances being the most common. For older Americans, there is another, less common option that is growing in popularity as home prices have increased and baby boomers have moved closer to retirement age: the reverse mortgage. But do you know what it is, and do you know how a reverse mortgage works?

The Reverse Mortgage Association: Answers For Seniors
The National Reverse Mortgage Lenders Association was established in 1997 to provide a variety for services for both those wishing to take advantage of reverse mortgages on their homes and lenders wishing to finance reverse mortgages.