Tom Kelly The Real Estate Adviser

May 7, 2009

The Real Estate Adviser: Reverse mortgages: New safeguards and lenders

Washington state consumers will soon have more reverse mortgage safeguards in place and access to more reverse mortgage lenders.

Governor Chris Gregoire recently signed HB 1311, which provides a solution to a billed passed last year that inadvertently curtailed the number of lenders able to offer reverse mortgages. HB 1311 takes effect July 26.

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Previous columns:

• The Real Estate Adviser: Is it time to sell the family home?, 04-30-2009
• Tom Kelly: Converting your home to a rental gets harder, 04-23-2009
• The Real Estate Adviser: Real estate in Mexico continues to appreciate, 04-16-2009
• The Real Estate Adviser: News reports can't dim Mexico's allure, 04-09-2009
• The Real Estate Adviser: How to age-proof your house, 04-02-2009
• The Real Estate Adviser: Will boomers retire with any assets left?, 03-26-2009
• The Real Estate Adviser: 30-year, fixed rate may not be your best option, 03-19-2009
• The Real Estate Adviser: New reverse mortgage rules will help seniors, 03-12-2009