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Real Estate
The Real Estate Adviser |
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August 5, 2004
The Real Estate Adviser: Mortgage insurance confusing
By TOM KELLY
Special to the Journal
Special to the Journal
The older couple was absolutely flabbergasted. They had just received their first reverse mortgage payment in the mail when, two days later, they got an offer for additional mortgage insurance.
"We knew that mortgage insurance was a big part of the reverse mortgage deal, but why should we have to worry about more coverage," Richard Whiting said. "This was something we didn't think we would have to worry about again.''
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Previous columns:
- The Real Estate Adviser: Vacations complicate your real estate deal, 07-29-2004
- The Real Estate Adviser: Older folks dream of owning homes, too, 07-22-2004
- The Real Estate Adviser: Part-time, full-time: rental rules vary, 07-15-2004
- The Real Estate Adviser: New book looks at the lighter side of lending, 07-08-2004
- The Real Estate Adviser: Tips for guys on fire and fireworks, 07-01-2004
- The Real Estate Adviser: Elections and interest rates: is there a connection?, 06-24-2004
- The Real Estate Adviser: A reverse mortgage reverses foreclosure, 06-17-2004
- The Real Estate Adviser: Third-party providers: is that 'free' lunch OK?, 06-10-2004