10/2/09
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News Article
Perk up a sale after a life in one house...
..... "The responsibility - physically and financially - for another property
could be too much for seniors to handle," says Mr. Kneussel.
"If the seniors lack equity in the home, they must check their financial position
and re-evaluate their options. They may simply need to stay in their home
longer, or they can opt to downsize into a smaller retirement residence."
Ms. Rios says that sometimes seniors moving into an active-adult or assisted-living
community may be able to take advantage of incentive programs, such as no
entrance fees or reduced homeowner association fees, which can help make
the transition easier.
Another
option for seniors who want to
move is to take out a reverse
mortgage on the home they are
purchasing, which allows them to move and retain the
cash from the sale of their home for living expenses.
In the past, reverse mortgages were available only for seniors who wanted
to stay in their current home, but beginning
in 2009, these mortgages are available
for new purchases. ............
See the entire News Article from
The Washington Times in which
our Mark Rostek, was quoted.
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9/22/09
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Seminar Announcement
THE BIGGEST MORTGAGE
ISSUES THREATENING YOUR R.E.
TRANSACTIONS TODAY...
Sponsored by Intercounty Mortgage
Network
Wayne NJ
September 22, 2009
10am - 12pm
See
Seminar Invitation for details
and registration |
| 7/9/09 |
Press Release
Lakeland Bank, Rochelle Park announces their outreach to seniors with a
new program on Smart Money Solutions/Keeping Your Money Safe & Sound.
Counselors will be on hand on July 16th and July 30th at Lakeland´s newest
branch in Rochelle Park, 200 West Passaic Street from 9:30am to 3pm. Here
seniors can learn about reverse mortgage financing and other financial options to
determine if it can help them keep their homes and ensure their long-term financial stability.
See the
Press Release |
| 5/15/09 |
Press Release
Lakeland Bank Now Providing Reverse
Mortgage Kits as Part of Retiring in Comfort
Workshop™ Series.
Lakeland Program Designed to Help
Seniors Make Best Financial Decision
to Ensure Comfortable Retirement.
See the
Press Release |
| 3/19/09 |
News Release
Reverse Mortgages Provide Financial Solution to Families
Facing Foreclosure.
Learn more at one of our Workshops
in Newark, NJ.
See the
Press Release
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