Sentences with phrase «home equity initiatives»
The assessment helps «to ensure someone can maintain the obligations of the loan,» says Amy Ford, director of home equity initiatives with the National Council on Aging, which provides counseling to prospective reverse mortgage borrowers.
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«Millions of older Americans who have not saved enough for retirement are looking for new ways to cope with today's financial realities,» said Barbara Stucki, NCOA vice president for home equity initiatives.
Not exact matches
The HARP initiative can allow upside down homeowners to refinance their home to a new lower rate without incurring monthly mortgage insurance even though a 20 percent equity position might not be maintained.