Mortgage Blog

Reverse mortgage makeover: Baby boomer edition

January 28th, 2015 | Reverse Mortgage, supplemental retirement income, HECM for Purchase, Retirement Planning, HECM Reverse Mortgage

As reported on Yahoo this morning....Changes in 2014 to federal reverse mortgage regulations have shifted this senior safety net away from its traditional role as a loan of last resort to keep the elderly in their homes. Reverse mortgages now serve as a financial planning tool for the waves of middle-class baby boomers facing retirement.

See below for the full Yahoo article - Reverse Mortgage Makeover Baby Boomer Edition.

George H. Omilan


NMLS# 873983

Jefferson Mortgage Group LLC - Your local Reverse Mortgage Specialists located in Fairfax County and helping seniors in all of Virginia, Maryland and Pennsylvania.

Contact us today for a free, no obligation quote.  703 319-2198.  

What do you think of the changes?  Feel free to comment - I'd love to hear your thoughts.



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Jefferson Mortgage Group LLC

2536 Leeds Rd.
Oakton, Virginia 22124
FAX: 703-773-6946
NMLS: 935554

Located in Fairfax County, Virginia. Serving all of Virginia, Maryland & Pennsylvania. 


Jefferson Mortgage Group LLC is licensed in Virginia, Maryland & Pennsylvania.
Virginia State Corporation Commission License Number MC-5659 and the Pennsylvania Department of Banking & Securities #46259 
Maryland DLLR License #21586

An Equal Housing Lender

By refinancing the consumer's existing loan, the consumer's total finance charges may be higher over the life of the loan.

This material is not from HUD or FHA and has not been approved by HUD or any government agency.