Finance Articles

Parent Care Says Informed Elderly Can Avoid Mortgage Scams Thru the Safe Harbor of Reverse Mortgages

San Rafael, CA (PRWEB) September 7, 2007 The storm of foreclosures associated with the sub-prime lending fiasco has overwhelmed many first time homebuyers. Unfortunately, many senior citizens find themselves in the very eye of the storm. Unlike first time buyers who stand to lose down payments but have hopes of eventual recovery, seniors may lose homes in which they've invested all their working lives and have little chance of recovery.

With many seniors being confronted with the need for loans or additional monthly income, caregivers may wish to suggest that they consider a reverse mortgage - a way to receive the equity from a home without making any more payments. While the deals offered by scam artists may sound similar to legitimate reverse mortgages, it is important for seniors and their caregivers to educate themselves about these unusual financial instruments. An expert urges caregivers and their parents to explore all alternatives before signing on the dotted line because reverse mortgages may not be the best option for everyone.

Financial expert Debra Morrison shares insights on a topic many may be considering but without a full understanding of the implications of acquiring and using this financial tool. In this month's feature article on Parent Care (http://www.parents-care.com) she cautions that trying to predict whether our parents will be able to stay in their homes long enough to enjoy the benefits of a reverse mortgage might be an anxiety-producing and elusive variable. Future changes to parents' health could wreak havoc with a seemingly well thought out decision. She urges that caregivers recommend a reverse mortgage only with the assistance of a qualified professional, after the tradeoffs of a parent's unique situation are well understood and after assuring yourself that the lender is legitimate.

Featured on the Parent Care website (http://www.parents-care.com) throughout September, Morrison's article explains the various types of reverse mortgages, their benefits and potential limitations. She also provides food for thought about who, and who should not, consider them. Significant difference in parents' ages, the possibility of moving into assisted living or moving parents into progeny's homes are major considerations. Morrison urges readers to think and rethink the wisdom of taking a reverse mortgage and understand state and federal regulations that govern them.

A Certified Financial Planner, Morrison is responsible for client relationships for Capital Financial Advisors, a San Diego based fee-only wealth management firm. She has provided commentary in diverse media from CNN, the Wall Street Journal and America Online.

"Today's constantly shifting financials sands make Debra Morrison's article timely and especially useful for caregivers" stated Parent Care (http://www.parents-care.com) CEO William Gillis. "Her stature, experience and knowledge are invaluable to caregivers and their elderly parents."

About Parent Care, Inc.

Parent Care (http://www.parents-care.com) is the leading information source for the country's seven million long distance eldercare providers and their employers. Parent Care, The Parent Care Report and The Parent Care Channel are registered trademarks of the firm.

###

Other Article Sites

findabook.com  moneycd.info  a-mortgage.info   about-lemon-laws.info  aboutstudentloans.info
all-about-publishing.info  auctions-articles.info  bestcollege-university.com  bestispconnection.com
biblefolder.com  blogger-website.com  books-used.info  brokers-guide.info  buywindows.info  cable-dsl.info
career-miner.com  carpel-tunnel.info  cashinaflash.info  cashloanreviews.info  casinobell.com  chat-house.info
clearmycredit.info  collegeloantips.info  crones.info  depression-articles.info   dirnic.net  dishguides.info
divers-below.com  expodog.info   financewizz.com  fire-insurance.info  getgood.info  handleit.net   it-idea.info
health-supplies.info  hosting-right.com  insidealert.com  insurance-facts.info  jobs-employment.info
justgood.info  lookgold.net   lowcost-travel.info  money-source.info  myhostzone.info  numisblog.com
peoplesearchfinder.info  pr-articles.info  realeas.com   refinancing-guides.info  spyware-remove.info
telelot.info  the-law.info   toppaid.info  travel-deals.info  travelcorrect.com  wedding-guide-site.com
your-blog.info  your-credit.info

Commercial Finance Deals Across America- Is it Possible?
Deals can come from here, there, and everywhere. Are you getting your share?

DXPortfolio: A Great Passive Investment of 25% to $40% per month
First, I need to explain about e-currencies or digital currencies. DXPortfolio are based and supported by the supply and demand of e-currency.

Investment Real Estate Done Right -- Your Quickest and Safest Path to Wealth
In investment real estate the quickest way to wealth is through owner financing, or lease optioning. So, let's take a look at one model transaction, involving the purchase and sale of two properties on lease-option contracts so you an apply it to your own investment real estate system.

Why Use An Independent Mortgage Adviser
If you are looking to buy a property, or remortgage property you already own, you will have the option of searching for a mortgage product by yourself or employing the services of and independent mortgage adviser.

In Search of Retirement Investment Advice?
As successive governments keep reminding us, too few people plan properly, if at all, for their retirement; too few people appreciate that an investment now is an investment in their future throughout retirement So, if you are reading this, you have the edge over that particular group of people and are poised to do some serious planning for the day you can stop working for your living

Reverse Mortgage Explained
Reverse Mortgages are fast becoming all the rage here in the USA. As with everything else to do with your financial security, you should always exercise caution and seek as much information as you can from multiple sources.If a Reverse Mortgage appeals to you then you may find the following questions and answers useful.

Perisso Mortgage Expands to Nevada and Arizona
Attention! Hard money apartment and commercial loans now available in Nevada and Arizona. Business owners and residents throughout the Southwest now have access to the same competitive interest rates and top quality service available to California residents. Perisso Mortgage lends hard money to borrowers in a variety of circumstances commercially in Nevada and Arizona and will soon offer residential in those states as well.

First ETF Symposium, November 1 and 2 in Chicago, Hosted by National Association of Active Investment Managers: RIA's Share Their Knowledge o
The National Association of Active Investment Managers (NAAIM), the trade group representing investment advisors dedicated to providing above-average returns to clients through active trading strategies, is announcing its first ETF Symposium to be held November 1 and 2, 2007, at the Hyatt Rosemont, just outside Chicago's O'Hare Airport.

Mortgage 101 - What You Need To Know About A Home Loan
Qualifying for a Mortgage

Second Mortgage Home Equity Loan: More Than Words
Words can be fun. English words are particularly interesting as they are born from a variety of sources. Although it is a Germanic language, about 50 percent of English is based on Greek and Latin. Have you ever thought about the origins of certain words? Take the word "phony," for example. British crooks once used different secret code words. On of those was "fawney," which alluded to a gift ring. The thieves would sell these rings, claiming that they were made of actual gold. So, the word "phony" began to refer to anything that was unreal. Another interesting word origin is connected to the word "hazard." This is derived from the Arabic term, "al zahr." What does it mean? The dice. The term became related to several games that used dice, ...

What Exactly Is A Reverse Mortgage And How Does It Work?
A reverse mortgage is a certain loan that allows the older generation to take their home equity and turn it into cash. With this type of loan the bank is actually paying you monthly out of the equity in your home.

Playing It Safe With Uk Mortgage Payment Protection Insurance
UK mortgage payment protection insurance is one of the best things to happen to the mortgage industry in the last few years. However, high street banks and lenders recognised an opportunity to make a profit when they saw one, and this often clouds the general public?s judgement of the product. Many dismiss UK mortgage payment protection insurance before probing into it as far as they should to see what it ca actually do for them.

Oil and Gas Field Investment Turns Quick Profits for Trump University Real Estate Graduate
Federal government IT consultant invests in underdeveloped US oil and gas fields after attending Trump University investment introductory class.

Zero Investment Internet Marketing Techniques - The Who Loves Money Buzz Review
Seems like every time you turn around someone is hawking the latest and greatest new internet marketing ebook that is sure to make you rich. If you're an internet marketer chances are really good that you've been burned at least once by an ebook that was all fluff and absolutely useful information. Or worse yet, the author, deliberately or not,leaves out a step that leaves you scratching your head over how to execute what you did learn. It's enough to make you scream if you're really serious about learning how to build an online business.