A WELCOME TO ALL

Bush Signs Housing Rescue & Foreclosure Bill – Reverse Mortgage Advantages

IT’S THE LAW: BUSH SIGNS THE NEW HOUSING FORECLOSURE AND RESUE BIL INTO TO LAW AROUND 7:00 AM THIS MORNING.“Bush signed the measure in the Oval Office shortly after 7 a.m. EDT with his economic team on hand, including Treasury Secretary Henry Paulson who helped negotiate the package with the Democratic-controlled Congress.” (Reuters 7-30-2008 ) At last, the new Housing Bill is law, and HUD, FHA and other involved agencies will be busy putting the new programs into effect. While some of them will not be effective until October 1, 2008, we should all be preparing for using these new programs.  (See:  http://reverseitnow.wordpress.com/its-the-law-bush-signs-housing-rescue-bill/

 

 

Welcome to “Reverse It Now”

       

                                                                                                                       

This blog has been created to answer all the basic questions about reverse mortgages, to post news items about reverse mortgages, to provide links to other sites of interest and assistance to seniors, and finally, a name and phone number for you to call to get the details that apply to your loan, specifically.   All information is given honestly, openly and freely.

I have been in real estate finance since approximately 1981, and first learned about reverse mortgages in 1978. At the time I was earning my graduate degree in Public Administration and wrote a grant proposal on senior housing and finance. That “first and old” reverse mortgage was nothing like the program is today. Today it is government regulated and insured by FHA, so you can feel safe and secure about your money and your house.

The goal of the Reverse Mortgage program is to allow senior retirees to stay in their homes for as long as they wish, do what they wish, and to have the funds to do so.

Many of you purchased your homes many years ago at a much lower price than they would sell for now – even with the current downturn of home prices. For years you paid your mortgage(s), plus gained appreciation in your home, and are now, perhaps, sitting on a lot of equity (cash) in your house.   Yet, with rising prices for basic needs such as medical care, insurance, food, gasoline, clothing and more, you find you can’t keep up, let alone pursue the hopes and dreams you had for retirement.

A reverse mortgage can safely and securely help you meet these challenges and goals. You always retain title to your property; you can will it to anyone you desire; and you may spend the funds as you deem necessary, without direction or oversight.

I am always available to meet with you (and any advisor or friend or family member you wish to have included) in your home; or we can work together technologically, (over the phone, fax, mail, email, etc.) if you are not within driving distance.

Whichever way, you will be pleased with the result and the ease, the choices, and the opportunities a Reverse Mortgage offers you. And, you have the knowledge and dicipline on how to make the Reverse Mortgage funds work for you!

Please come visit often for all the important updates on reverse mortgages.

  Sincerely,  Gloria

                               

 

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