Reverse Mortgage
Updated Nov. 20, 2013
Reverse Mortgages are a Special Government Program for those over the age of 62. Under guidelines set forth by the Federal Housing Administration, the "Home Equity Conversion Mortgage" which is also known as a HECM, may allow you to stop your current mortgage payment and receive cash in hand.. NO FUTURE MORTGAGE...

Reverse Mortgages and Retirement
Updated Oct. 24, 2014
Well you have worked hard all of your life and even paid off all or most of your mortgage. Now you are ready to retire, but when you sit down to figure out your new monthly budget, you find out you do not have enough money to retire on.. A lot of seniors are now using their house as a financial tool to help their retirement....

7 Steps to a Reverse Mortgage
Updated Oct. 24, 2014
Below is the most common process for getting a reverse mortgage. Please contact us with any questions at: https://www.thefederalsavingsbank.com/garycrist. Step 1 - Research Reverse Mortgages . Speak with a mortgage professional about reverse mortgage options. Familiarize yourself with the various types of...

The Foreclosure Quagmire as reported by Nightly News-msnbc.com
Updated Oct. 9, 2013
A special Nightly News/msnbc.com report dated on May 9, 2011 on the mortgage mess titled "No end in sight to foreclosure quagmire" check out the report yourself here at: http://www.msnbc.msn.com/id/42881365/ns/business-personal_finance It describes the problems home owners have had by using...

The Foreclosure Quagmire as reported by Nightly News-msnbc.com
Updated Oct. 9, 2013
A special Nightly News/msnbc.com report dated on May 9, 2011 on the mortgage mess titled "No end in sight to foreclosure quagmire" check out the report yourself here at: http://www.msnbc.msn.com/id/42881365/ns/business-personal_finance It describes the problems home owners have had by using...

ELIMINATE YOUR MONTHY MORTGAGE PAYMENT WITH A REVERSE MORTGAGE
Updated Oct. 9, 2013
Pay off your mortgage loans by using a reverse mortgage to tap into the equity in your home. No monthly mortgage payment is required.. HOW DOES IT WORK?. If you are 62 years of age or older and have equity in your home, a reverse mortgage may turn that equity into cash. You can use the money to repay your mortgage loans, then...

The Current Economy and a Reverse Mortgage
Updated Oct. 24, 2014
If you have been watching the news lately you will notice the stock market has fallen for the past 4 days in a roll, even though our great and knowledgeable leaders have passed a little or to do nothing bill that the President signed and said would fix the budget and deficit problem. It makes me wonder if Real Estate...

Use a Reverse Mortgage Loan to have a Merry Christmas and enjoy the Holidays
Updated Oct. 24, 2014
The Christmas Holiday season is quickly coming upon us. If you are a retired senior and are living on a fixed income perhaps you have thought about a Reverse Mortgage loan to ease the Christmas Holidays for gift giving or for paying off past credit card debt. Paying off your mortgage is a worthy goal and living in a...