Understanding reverse mortgage myths and realities explained
The Consumer Financial Protection Bureau warns that many reverse mortgage ads mislead. They clarify that reverse mortgages are not government benefits and do not guarantee lifetime home ownership. They let seniors 62 and older access home equity as cash, with rising loan balances, and must be repaid if the home is sold, the occupant moves out, or the borrower dies.
MENTIONED IN THIS ARTICLE
Consumer Financial Protection Bureau
Henry Winkler
You Can Still Leave House to Heirs in Reverse Mortgages
The AARP notes most reverse mortgages keep owners from owing more than home value so parents may leave the home to heirs. Heirs would then be responsible for paying off the loan.
MENTIONED IN THIS ARTICLE
AARP
Reverse mortgages can trigger foreclosure risk in fine print
The piece explains how failing loan requirements like taxes and insurance can lead to foreclosure. It notes that death of a spouse and other events may affect eligibility, and that reverse mortgages may suit those with realistic income, expenses, and patience, especially retirees who want to preserve home equity for later life.
MENTIONED IN THIS ARTICLE
Hahn
AT&T GigaPower goes live in Charlotte area
AT&T launches GigaPower in Charlotte offering up to 1 Gbps speeds. Local residents can download 25 songs in under a second or an HD movie in under 36 seconds. Gastonia not yet served. expansion to county not planned. Mayor Clodfelter and DC74 Data Centers advocate wider tech impact and economic growth. Competition with Google Fiber expected to lower prices. AT&T plans to expand to 25 markets and has invested over 1.6 billion since 2012.
MENTIONED IN THIS ARTICLE
Charlotte
At&t
Gastonia
Josh Gelinas
Gelinas
Dan Clodfelter
Alan Fitzpatrick
Dc74 Data Centers
Charlotte Hearts Gigabit
Clodfelter
Fitzpatrick
Google Fiber
Adam Orr
Twitter.com
AdamRoOrr
International Energy Agency
Local Stock Report Highlights Dividends and Splits
A terse local market note notes stocks with mixed action including decreases tied to months, an end fund with a P E ratio and dividends. It mentions dividends paid after a stock split and a cumulative issue with dirt affecting values.
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Lin
Steven Hahn
Associated State
The
American Association of Retired Persons
Certa
AdamOn Orr
Gastoneazette.com
Gigapower Details
DOW
U.S. Energy Inn
S&p
U.S
Stan Choe
Jenni Sona
William Schlegel
Schlege
Marco Pescara
Pescara
Lumber Liquidators
Securities and Exchange Commission
China
Justice Department ‘3
60 Minutes
Avsia Reneas
Schlegel
Teve
At&t Inc
Alcatel-Lucent Alu
ArkBest
Bb&t Corp Bet
Bank of America Bac
Best Buy Commercial Metals Cmc
COB
Cityoneb
Curtis-Wright Cw
DHR
Danaher Corp
Deere DE
Deshaize EG
Dillards Inc Dds
Donnelley & Sons Rad
Duke Engy Duk
FMC Corp Fmc
Family Dollar Foo
GEGE
Hanesbrand HB
Harley-Davidson Hog
Home Depot
Intel Corp
INTC
IBM IBM
Kohls Kss
O- Krispy Kreme Kkd
Lowes Low
Martin Marietta Mlm
MSFT
Servant
PNC Financial Pnc
Park Sterling
Piedmont Natural Gas Pny
Pulte Homes
Retail Properties
RPAI
Scana Scg
Sears Holdings Shld
LNCE
Snyder-Lance Inc
Southern Company So
Spectra Energy
Suntrust Banks Sti
TE Connectivity Tel
Tampa Electric Co TE
Texas Roadhouse
TXRH
Time Warner Inc
TWX
TKR
Wal Mart
Wells Fargo
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