21 Jan
In this hard world at the current day especially about house investment, many people are trying to get the new option for their house. Sometimes people need to get money by mortgage their house but the other times people are borrow money to be used to pay the entire house. Do you still remember how bad the reverse mortgage effect for every body especially in United States? Can you imagine how it is possible for jobless to get sub prime mortgage and then buy a small house event they don’t know every month they will get money from where. Hope the new president, Obama will change this into better condition. Some people are considering about reverse mortgage, unique mortgage specialized only for senior member. Different like the ordinary mortgage, we see many reverse mortgages offered with different rule. Lender didn’t take monthly payment as usual but they only take the share of that house. So, anytime the house owners get money for the house, they must give a percentage of earning to the lender. This requires added medicare supplemental insurance to certify that the house owner is fine. We could have this one if only we are senior people with age above 60. This will be nice offer for people in this economic condition.