Bad Credit Mortgage Wisconsin
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Mortgaging in reverse?
A little more than a year ago, Donald Johnson and his wife, Lorraine, were barely surviving financially. They had borrowed the maximum on an equity loan and two credit cards.
"We just couldn't make it," said Johnson, 74. "We had about $200 a month left for spending."
Thanks to a reverse mortgage on their Far East Side home, the Johnsons now are able to live more comfortably. They built a deck on the home they have owned for 43 years and are now able to afford Christmas gifts for their five sons and eight grandchildren.
"It changed our lives," Donald Johnson said. "By paying off those bills, we've been able to do everything we've dreamed of being able to do."
.Reverse mortgage advice
DEAR BRUCE: We own two homes, one in Pennsylvania and our primary residence in New Jersey. Our ages are 66 and 68, and we would like your thoughts on taking a reverse mortgage on the New Jersey home. We do not have a mortgage on the property, and it is worth about $2 million. We thought it would be better to do a reverse mortgage rather than sell; this way, our daughter can inherit the home upon our death. - J.T., via e-mail
DEAR J.T.: Without question you can get reverse mortgage, but you should know that reverse mortgages are only available in modest amounts. The amount is established on the average price in the county where the property is located. There is some talk of changing the legislation to allow whatever amount you need, justified by the value of the home, which would make a lot more sense.Equifax Reports Solid, Broad-Based Results With Record Revenue in ...
Equifax Inc. today reported second quarter of 2006 earnings with record revenue. In the quarter ended June 30, revenue was $387.7 million, a 7 percent increase from the second quarter of 2005. Net income was $69.6 million, an 11 percent increase from the same quarter in 2005. Diluted earnings per share totaled $0.53, a 13 percent increase from the second quarter of 2005.
On a non-GAAP basis, excluding the impact of certain litigation matters in the second quarter of 2006 and the incremental impact of adopting Statement of Financial Accounting Standards No. 123(R), "Share-Based Payment" ("SFAS 123R"), net income was $66.5 million, a 6 percent increase from the second quarter of 2005, and diluted earnings per share totaled $0.51, an 8 percent increase from the second quarter of 2005.
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