Warning for Homeowners Seeking a Reverse Mortgage

October 9th, 2009 category: Real Estate News

retirement moneyFor those on the east end of Long Island seeking reverse mortgages, a warning has been offered here.

How it can be that subprime lenders are permitted to re-emerge in force is amazing enough- but to target seniors (one of the remaining stable forces in the housing industry) is stunning. Or is it?

One more unpleasant suprise in a market rife with the unknown- but your choice to accept a reverse mortgage doesn’t have to fall by the wayside, it just requires full comprehension.

If your home has equity, and you seek a reverse mortgage, due diligence is mandatory.

For assistance in locating a reverse mortgage that works for your situation, information can be found here.

Assistance to navigate this choice is available, and certainly well worth the time invested to assure that your mortgage is “non-predatory”- we’ve all seen enough of that…

To search available homes for sale on the North Fork / East End Long Island or condos on the North Fork of Long Island, click “north fork homes”, enter your area of interest and any parameters, and click “go”- properties for sale include Riverhead, Aquebogue, Baiting Hollow, Calverton, Jamesport, Laurel, Mattituck, Cutchogue, Peconic, Southold, Greenport, East Marion, Orient, Orient Point, Westhampton Beach, Hampton Bays, Flanders, Southampton, Sag Harbor, East Hampton, Montauk, NY.

This entry was posted on Friday, October 9th, 2009 at 6:49 pm and is filed under Real Estate News. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

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