Option ARM’s and Home Equity Loans hurting Countrywide.

Options ARM’s are one year adjustable rate loans in which the borrower picks the rate at which they pay every year, within a range. That’s the “option” part. The lower rates in the option [...]; . . . → Click Here to Read the Full Article

Never use a reverse mortgage for investment or annuity.

The New York Times reports on what I would call a reverse mortgage scam. Mortgage brokers, working in cooperation with counselors -the law requires counseling for people getting a reverse mortgage – convince seniors to [...]; . . . → Click Here to Read the Full Article