There are two separate and distinct occupancy requirements for a HECM Reverse Mortgage that often get confused depending on whether you are applying for a new loan or you already have an existing reverse mortgage.The first is general occupancy requirement
Oct 17, 2017 | Reverse Mortgage Retirement Planning supplemental retirement income HECM Reverse Mortgage Seniors occupancy requirements
This is a Reverse Mortgage success story that repeats itself time and time again. Our parents achieve financial equilibrium by neutralizing debt, like mortgages, and discovering a safe innovative means to access their home equity, either now or when they
Oct 09, 2017 | Reverse Mortgage HECM Reverse Mortgage Seniors Sandwich Generation Retirement security
U.S. Department of Housing and Urban Development (HUD) announced Tuesday, August. 29, it will raise up-front fees and tighten limits for the HECM Reverse Mortgage program to avoid having to dip into the U.S. Treasury to cover troubled borrowers. These mea
Sep 06, 2017 | Reverse Mortgage HECM Reverse Mortgage HUD Seniors Eligibility for Reverse Mortgage
The words retired, fixed income, and divorce don’t always go that well together. Many retirees live primarily on Social Security and a small amount of investment income. A divorce, no matter how amicable, will often require the division of pro
Aug 10, 2017 | Reverse Mortgage HECM Reverse Mortgage Seniors Retirement security Gray Divorce
The most prevalent type of care that most of us will face for ourselves and our families will most likely be related to various forms of in-home care. This has become the most preferred and cost efficient means of care, ranging from basic companions
Jul 10, 2017 | HECM Reverse Mortgage Home Care Long Term Care Senior Care
I completely agree with the authors opinion on long term care policies. After doing significant research for myself I determined that the monthly and up front lump sum long term care policies were not for me. There are simply too many variables out
Jun 15, 2017 | Reverse Mortgage HECM Reverse Mortgage Long Term Care growth factor