NFCC Receives Grant to Participate in HUD Pilot Program to Further Assist...
The National Foundation for Credit Counseling (NFCC) is the recipient of a Housing and Urban Development (HUD) program grant to assist seniors who have taken out a Home Equity Conversion Mortgage...
View ArticlePoll Shows No Improvement In Consumer’s Ability to Afford Mortgage Loan...
Many say that housing led America into the economic downturn, thus housing will need to lead the way out. If true, the NFCC May online poll provides little hope. Compared to the identical questions...
View ArticleReverse Mortgage Could Be The Right Answer For Cash-Strapped Seniors
Many older Americans find themselves house rich and cash poor. They own their home, or at least have significant equity in it, yet struggle to make ends meet each month. They could sell their home, but...
View ArticleReverse Mortgages Aren’t for Everyone
By Jason Alderman Senior Director, Global Financial Education, VISA You can scarcely turn on the TV without seeing ads for reverse mortgages. They’re touted as a great tool for cash-strapped seniors to...
View ArticlePros and Cons of Reverse Mortgages
By Jason Alderman Over the last decade, reverse mortgages have been aggressively pitched in TV ads as an easy way for seniors to cash in their home equity to pay for living expenses. However, for many,...
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