Add to Bookmark Bookmark Us! For many older Arizonans, the home is the largest asset they own and the one that gets the least use as a financial tool. A reverse mortgage lets homeowners turn part of that equity into cash without selling and without making a monthly mortgage payment. It can also become an expensive mistake when it is […]
Add to Bookmark Bookmark Us! Gary Fenstermacher, emeritus professor at the University of Michigan, has lived in Academy Village for 15 years. He examines Henry Koffler’s founding vision for Academy Village, the five years of planning that preceded the first home in the Village, and the two decades since. Fenstermacher considers events in the early 2,000’s that altered Koffler’s vision, […]
Add to Bookmark Bookmark Us! Reverse mortgages are increasing in popularity with seniors who have equity in their homes and want to remain in their homes or supplement their income. The only reverse mortgage insured by the U.S. federal government is a Home Equity Conversion Mortgage (HECM), which is only available through a Federal Housing Administration (FHA) approved lender. The […]
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