Archive for November, 2007
Reverse mortgage trap fears
Reverse mortgage trap fears,
Australia’s investment watchdog has called for better disclosure on reverse mortgage products after it found home-owners failed to understand the complex nature of the financial products and struggled to budget.
The Australian Securities and Investments Commission report, `All we have is this house’, found some older reverse mortgage holders were also being encouraged [...]
Reverse mortgage: What you need to know [Column]
Reverse mortgage: What you need to know [Column],
Some time ago, a puzzled reader sent me an official-looking mailing she’d received, and today the letter carrier brought me my very own copy. Pretty exciting.
It starts with news about a new “2007 Government Regulated Senior Program,” that “protects seniors,” and it offers a “2007 Senior Benefit Update” [...]