Detail Properly Assessing the Reverse Mortgage Option   Oleh:  Lynch, Nicholas C. ; Pryor, Charles R. Jenis: Article from Bulletin/Magazine Dalam koleksi: Journal of Accountancy vol. 214 no. 1 (Jul. 2012), page 42-47. Topik: Reverse Mortgages; Home Equity Loans; Borrowing; Fees & Charges Ketersediaan Perpustakaan Pusat (Semanggi) Nomor Panggil: JJ85.33 Non-tandon: 1 (dapat dipinjam: 0) Tandon: tidak ada     Lihat Detail Induk Isi artikel A reverse mortgage is a loan against home equity that requires no repayment until the home is sold or the last surviving borrower dies or no longer occupies it as a principal residence. At that point, the home may have to be sold to repay the loan. Reverse mortgages have been criticized for having high fees, as well as for forcing borrowers to remain in the home for an extended period and preventing borrowers' heirs from obtaining a valuable estate asset, the home. This article takes an in-depth look at reverse mortgages, highlighting recent changes and discussing the advantages, disadvantages, and alternatives. The article focuses on reverse mortgage instruments insured by the US Department of Housing and Urban Development (HUD), through the Federal Housing Administration (FHA) and its Home Equity Conversion Mortgage (HECM) program. HECMs are the lowest-cost reverse mortgage products on the market and make up about 90% of current reverse mortgages. Opini Anda Klik untuk menuliskan opini Anda tentang koleksi ini! Kembali

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