Summary: Talking Mortgages with Dale Vermillion – Howard Dayton and Steve Moore welcome mortgage expert Dale Vermillion (DaleVermillion.com) to discuss 'Reverse Mortgage' scams and the pros and cons of the 'Harp 2' program. Then they turn to questions from listeners (800-525-7000 or moneywise@compass1.org): "How do I re-finance a piece of rental property?" "How do I finder a lender who'll re-finance a modular home?" (Dale recommended BankRate.com) "Serious health issues have caused a lender to turn us down for a re-fi - what else do we try?" Mentioned on today's program was the Compass Map and Howard's book, 'Your Money Map'. Be sure to check out the Compass website for a complete listing of helpful resources, radio archives and calculators. In the opening conversation, Dale Vermillion mentioned several helpful websites: HUD.gov (FHA Reverse Mortgage site) and MakingHomeAffordable.com (Harp 2 site). Thanks for your prayers and generous financial support which allow us to keep MoneyWise on the air!
