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Reverse Mortgage Myths Busted!

Myth: "Property Ownership Exchange"Fact:  When a homeowner obtains a government insured HECM Reverse Mortgage on their home this in turn establishes a mechanism for home equity access that is much easier to qualify for than a traditional fo

Dec 09, 2015 | Reverse Mortgage Retirement Planning home equity access HECM Reverse Mortgage Government insured mortgage

How to use a reverse mortgage to protect your retirement income.  Marketwatch Article Comment.

How to use a reverse mortgage to protect your retirement income. Marketwatch Article Comment.

I agree that most people should consider establishing a HECM Reverse Mortgage credit line as early in life as possible. However, although I would support the idea of using a reverse credit line to protect retirement income, I am not convinced that it has

Nov 19, 2015 | Reverse Mortgage Retirement Planning supplemental retirement income HECM Reverse Mortgage Government insured mortgage

Reverse mortgages: Useful retiree tool or bad move?

Great article.  I agree that a Reverse Mortgage is best used when it can augment an existing retirement plan.  However, in many cases where that may not be an option, there is still room for ample benefit.  I would also like to add some cla

Nov 17, 2015 | Reverse Mortgage Retirement Planning Government insured mortgage Home Care Financial Planning

Effective March 2, 2015 - Financial Assessments Loom for the HECM Reverse Mortgage Program

**Update - The Federal Housing Administration (FHA) announced Thursday that it will delay the effective date to begin financial assessments for all reverse mortgage applicants due to technical issues.  They anticipate a delay of 30-60 days from

Feb 05, 2015 | Reverse Mortgage Retirement Planning HECM Reverse Mortgage Government insured mortgage Financial Assessments

The Case for Reverse Mortgages. Wall Street Journal explains.

Nice article below from Wall Street Journal on Reverse Mortgages. The author actually did some research and plowed through the skepticism surrounding government insured reverse mortgages. The untapped portion of the home equity credit lines grow each year

Jan 05, 2015 | Reverse Mortgage Retirement Planning HECM Reverse Mortgage Government insured mortgage HECM for Purchase

New Development from HUD on HECM Reverse Mortgages

Just last week, HUD announced positive changes to the principle limit factors that govern home equity access levels for eligible homeowners.  While younger homeowners in their sixties may not see much benefit in the form of increased eligibility, the

Jul 09, 2014 | Reverse Mortgage Retirement Planning HECM Reverse Mortgage Government insured mortgage HUD

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