Posts tagged: Loans

What is a Reverse Mortgage

Reverse mortgage is a new kind of loan against your home that you need not pay back as long as you live in that house. With reverse mortgage you can mortgage the value of your home in cash without repaying the loan every month and as well as without moving out of the house, and [...]

Saturday January 22nd, 2011 in , , , , , , , , , , , , , , | No Comments »

What Every Mortgage Holder Should Know About PMI

Insurance – we need it for our life, our car, our house, our health and yes, in some cases, even for our mortgage. Private Mortgage Insurance (PMI) is the mortgage industry term used to describe insurance that protects the lender of your mortgage against any type of default. It’s primarily used when you [...]

Saturday January 1st, 2011 in , , , , , , , , , , , , , , , , , , , , | No Comments »

What counts as mortgage interest and how do I calculate

What counts as mortgage interest and how do I calculate it?
When an individual takes out a loan from a financial institution or establishment in order to fully or help fund the purchase of land or a residential building for the purpose of primary or secondary residency, this is known as a mortgage. This essentially [...]

Saturday December 25th, 2010 in , , , , , , , , , , , , , , , , , | No Comments »

The Advantages Of Reverse Mortgages

In recent years property values have soared, while investment returns have been modest. This has created a situation where a lot of seniors are finding themselves in the position of being house rich and cash poor. These cash strapped seniors are looking for ways to increase their retirement income while continuing to live in their [...]

Saturday August 28th, 2010 in , , , , , , , , , , , , , , , , , , , , | No Comments »

Reverse Annuity Mortgage Tapping Into Your Equity

Reverse annuity mortgages (RAM) were created to allow older Americans to tap into the equity of their paid for or nearly paid for home. Homeowners receive a tax-free payment each month, and the mortgage is paid when the home is sold. Before you choose a RAM, make sure you have evaluated the risks since this [...]

Saturday April 24th, 2010 in , , , , , , , , , , , , , , , , , , | No Comments »

On My Taxes, Is There A Limit To The Amount

On My Taxes, Is There A Limit To The Amount Of Mortgage Interest That I Can Deduct?
Each year, there is a limit as to the amount that an individual can deduct from their taxes in response to the amount of mortgage interest that the individual has paid over the course of the year. In the [...]

Saturday March 6th, 2010 in , , , , , , , , , , , , , , , , , , , | No Comments »