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Do your homework on reverse mortgages (NZCity)
If you’re over 60 and own a house or other property, a reverse mortgage can seem an attractive option to help fund your retirement or pay for a major expense. But make sure you know the full costs and check out all your options before you sign on the dotted line.
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Golden Gateway Financial Debunks Ten Emerging and Common Reverse Mortgage Myths (Marketwire via Yahoo! Finance)
As reverse mortgages continue to grow in popularity so have the various myths and misconceptions surrounding them, making it more important than ever for borrowers to obtain clear and unbiased information about reverse mortgages.
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Consider a Reverse Mortgage, But Only as a Last Resort (Washington Post)
Q: My husband and I are in our mid-70s and have a modest fixed income from Social Security and pension plans. We own our house free and clear. While we are still in good health, we would like to see as much of the world as possible. Several friends have suggested that we get a reverse mortgage. Can you explain how this works and whether it is something we should consider?
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Debt, credit, layoffs: Your questions answered (MSNBC)
If you have questions about your money in today's economy, you're not alone. Here, TODAY personal finance editor Jean Chatzky tackles reader concerns about a few financially sticky situations.
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Barclays warns of a financial storm as Federal Reserve's credibility crumbles (Daily Telegraph)
US central bank accused of unleashing an inflation shock that will rock financial markets, reports Ambrose Evans-Pritchard. Barclays Capital has advised clients to batten down the hatches for a worldwide financial storm, warning that the US Federal Reserve has allowed the inflation genie out of the bottle and let its credibility fall "below zero".
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Mortgage Calculator will inform sound decisions (Scoop.co.nz)
The introduction of a quick reverse mortgage calculator is an important step in assisting older people to assess the implication of taking out an equity loan says Social Development Ruth Dyson.
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Crash: The housing crisis is just beginning (The New Statesman)
As Britain wakes up to the nightmare of negative equity, we are facing a housing recession far worse than that of the early 1990s. Iain Macwhirter has a warning: don't buy a house now, at any price. Just say no. You have been warned
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