Author Archives: Louis A. Crisci, Jr
WHAT IS A REVERSE MORTGAGE? DO I NEED A REVERSE MORTGAGE?
What is a reverse mortgage? A Reverse mortgage is a mortgage lien placed on your house to secure a promissory note for money a lending company lends you, which is no different than a regular mortgage. The difference is that with a Reverse mortgage there are no required monthly payments. Your obligations when you have… Read More »
SHOULD I TRANSFER MY HOUSE TO MY KIDS?
SHOULD I TRANSFER MY HOUSE TO MY KIDS? This question, in its various forms, is a regular question amongst most elderly people. The question is short and straight forward. The preparation of the deed (Quitclaim Deed) is easy and fairly inexpensive. Not discussing the potential implications of such a simple transaction with an attorney prior… Read More »