Page 3 - House Note News Today : Breaking News, Live Updates & Top Stories | Vimarsana

>> how long did it take to actually get funded on the reverse mortgage? >> maybe 30 days. >> you said there was a second time you did a reverse mortgage. >> where he. to improve the hou and get a new automobile. i went on a cruise last year. hadn't been on one in a while, and i got a little money in the bank now. >> would you encourage people to consider a reverse mortgage? >> any time i don't have a house note, it's a no brainer. >> probably the biggest misconception about reverse mortgages is the bank ends up getting your home. that's simply not true. >> homeowners automatically assume you'r...

The affordable health quacare a whether you're in mississippi, it's an affordable health care act for all americans. >> they want to get rid of it. it was a crutch to get where we are now. what's going to happen if we default? >> well, you'll lose jobs, and people who lose their jobs can't pay their house note, condo, can't go to the hospital, in the same places they're closing hospitals now and they're closing post offices now. plants are closing. it will only make life worse for those at the bottom who have no cushion. >> what will desperate people do? >> they'll do desperate things. most po...

Can't afford to pay the mortgage. the second thing i think is a nasty little four-letter word called debt that we often talk about. so many people have not just a mortgage debt but the credit card debt, student loan debt, they're paying for expensive cars so they've got auto loan, et cetera. when you have all those bills, combine that with the unemployment situation, you can't juggle it, can't make that house note. lastly, the fact that we have an ongoing credit crunched a the decline in home values means people who are under water on their mortgages or who owe more than the homes are worth ca...