Oregon reverse mortgage borrowers were notified on July 1st, 2011 that they will no longer qualify for Oregon’s Senior and Disabled Property Tax Deferral Program. Prior to the new legislative guidelines, homeowners qualified for state assistance if they had annual taxable income less than $39,500 and were at least 62 years old. The mathematics behind […]

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As the August 2nd deadline to raise the debt ceiling looms over the nation, the politicians continue with their childish game of chicken. I for one am sick to death of partisan politics. Each side has drawn an ideological line in the sand and with much pomp and circumstance announced there will be no compromises […]

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A recent Gallup poll shows that more Americans are worried most about not having enough money for retirement (66%.) Other than insufficient retirement savings, the other major areas of concern for those polled was not being able to pay medical costs for a serious illness or accident and not being able to maintain their standard […]

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Eric Dishman, Director of Health Innovation and Policy for Intel is on a quest to help older folks safely age in place with the help of modern technological advances. He equates these innovations to the concept of the “smart house,” with features like monitoring, virtual doctor visits, reminder products, devices that can identify if an […]

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President Obama announced that he will nominate Martin Gruenberg as Chairman for the Federal Deposit Insurance Corporation to replace Sheila Bair who will be exiting the post on July 8th when her term expires. Bair’s term officially ends June 30, but she plans to stay the extra days to finish work on the rule requiring […]

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Last week AARP’s Inside E Street featured another segment focusing on whether a Reverse Mortgage is a “loan of last resort.” Although more than 600,000 reverse mortgages have been originated since the late 1980’s, we are still debating the safety, high fees, consumer protections, and complicated rules surrounding this unique home loan, designed for older […]

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Reverse Mortgage Misinformation is one of the things that folks in the reverse mortgage industry constantly battle.  Half truths and reverse mortgage myths continue to circulate about these unique equity loans. I can’t tell you how many times I talk to seniors that could benefit from a reverse mortgage but their hesitation stems from some […]

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HECM Reverse Mortgage in Washington. Tap home equity for Tax-Free Cash without monthly mortgage payments. No credit or income qualifications. Senior homeowners in WA state must be 62 or older to qualify. Find out if you have enough equity in your Washington home to get a HECM reverse mortgage.

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