Free News Articles Home Banking and Finance Can a Reverse Mortgage Ease Problems for Senior Homeowners Hard-hit by the Economy? Can a Reverse Mortgage Ease Problems for Senior Homeowners Hard-hit by the Economy? Author: Reverse Mortgage Direct Cheap NFL Jerseys China , LLC Dateline: Kirkland, Washington (KIRKLAND, Wash.) | Tue, 08 Jun 2010
freeNewsArticles Story Summary: “KIRKLAND, Wash. -- Today Reverse Mortgage Direct, LLC (RMD), announces an online assessment tool that helps senior Americans determine whether a reverse mortgage can help with their financial challenges. The tool, ''Reverse Mortgage eGuide Cheap NFL Jerseys ,'' also lets seniors know if they qualify, and whether the financial instrument might be right for their situation.â€
A R T I C L E:
Today Reverse Mortgage Direct, LLC (RMD), announces an online assessment tool that helps senior Americans determine whether a reverse mortgage can help with their financial challenges. The tool, "Reverse Mortgage eGuide," also lets seniors know if they qualify, and whether the financial instrument might be right for their situation. "We hope our eGuide will open new doors for millions," says Josh Stephens Cheap Jerseys China Free Shipping , RMD''s President. "In this economy, seniors have taken a big hit along with working-age citizens."
While about 15 million Americans are currently unemployed and more than 5 million homeowners have fallen behind in their mortgage payments, America''s 40 million-plus seniors (62 or older) face special problems. These include reduced buying power of fixed incomes, and erosion of retirement investments. Many fear being forced to move into a nursing home or assisted-living facility, when they would prefer to remain in their own homes. And many lack available cash for lifestyle enhancements such as vacations or hobbies, or projects such as starting a part-time business.
One answer for them, provided by federal legislation, is the reverse mortgage. Insured by the Federal Housing Administration (FHA) Cheap Jerseys Wholesale , reverse mortgages are designed to let 62-and-up Americans safely tap the equity tied up in their homes, with no need to make payments on the mortgage as long as they live in their homes.
"Reverse mortgages are not an entitlement, like Medicare," says Stephens, "but they can help cash-strapped seniors. Yet they''re way underused. We hope our eGuide helps change that, by educating seniors."
The government-insured loans are called FHA Home Equity Conversion Mortgages (HECM''s). Says Stephens Cheap Jerseys Online , "The HECM loan is both FHA insured and non-recourse. That means that if the sales proceeds are insufficient to pay the amount owed, FHA will pay the lender the shortfall and the homeowner will owe nothing more to the lender or FHA."
RMD is an affiliate of LTC Financial Partners, LLC, of Kirkland, WA.
• Story Title: Can a Reverse Mortgage Ease Problems for Senior Homeowners Hard-hit by the Economy? • REFERENCE KEYWORDSTERMS: Josh Stephens, Kirkland Cheap Jerseys Free Shipping , Washington, Reverse Mortgage eGuide, Banking and Finance, Finance, , KIRKLAND, Wash..
IMPORTANT NOTICE: some content which is considered "old" or "archival" may reference an event which has already occurred; some content possibly considered "advertorial" may also reference a promotion or time-limitedsensitive offering, and in all of these instances certain material may no longer be valid. For notably stale content Cheap Jerseys From China , you should directly contact the companyperson mentioned in the text (Reverse Mortgage Direct, LLC); this site cannot assist you with information about productsservices mentioned in the news article, nor handle any complaints or other issues related to any personcompany mentioned or promoted in the above text. Information believed accurate but not guaranteed as of original date of story [Tue, 08 Jun 2010 06:56:36 GMT].
USE THIS CONTENT FOR FREE: To use this content in your newspaper, broadcast outlet, news portal, blogezine or similar, free of cost Cheap Jerseys China , CLICK HERE to learn how. ?But? Reduction Self Help Articles | February 24, 2008 I could have accomplished that, BUT... I know this relationship is not healthy for me, BUT... I would have such-and-such in my life, BUT... I really do believe in myself, BUT... I know I c... I could have accomplished that, BUT... I know this relationship is not healthy for me, BUT... I would have such-and-such in my life Cheap Jerseys , BUT... I really do believe in myself, BUT... I know I could do that if I put forth the effort, BUT... I''m really committed to losing this extra weight, BUT... I know I should start exercising again, BUT... I know my skills are worth more money and I should raise my fees, BUT... Ten minutes of daily meditation could really help me, BUT... If we aren''t careful, we can "but" ourselves right out of our own potential! Many times Wholesale NFL Jerseys , we may not even be aware how often these excuses rear their ugly little heads in our lives. Make a mental note to be more consciously aware of any time this excuse comes up. One simple exercise is to change the BUT to the word AND.?<. Cheap JerseysCheap JerseysCheap JerseysCheap JerseysCheap JerseysCheap Jerseys StoreCheap NCAA College JerseysWholesale Jerseys From ChinaWholesale Hockey JerseysWholesale Soccer Jerseys Cheap