Is mortgage debt eliminated when you get a Reverse Mortgage? Some would venture to say the debt is eliminated, however, this is misleading and causes significant confusion and lack of understanding with the program. This concept appears too good to
Jun 07, 2017 | Traditional Mortgage HECM Reverse Mortgage mortgage debt
As we get older we often take things for granted. We all collectively feel that we have it covered and that we can still handle just about anything that is thrown at us. However, this is not always the case and not reaching out for help in cer
May 05, 2017 | Home Care Seniors Age in Place Senior Advocate
This is a great article illustrating many aspects of how a Reverse Mortgage can be a terrific retirement tool as long as you are not flagrant with your money. If you use it for financial balance and create cash flow for monthly living expenses so you can
Apr 21, 2017 | Reverse Mortgage Retirement Planning HECM Reverse Mortgage Seniors Retirement security
Many retirees and seniors have forward mortgages and traditional home equity lines. All forward mortgage instruments require monthly payments. As we know, if you do not pay your monthly payments after a short period of time the lenders will in
Mar 07, 2017 | Reverse Mortgage Retirement Planning HECM Reverse Mortgage Home Care
Terrific article that puts the terminology surrounding reverse mortgages in better context and explains it so normal people can understand. As the article denotes, with a Reverse Mortgage, foreclosure is not necessarily a bad thing. Foreclosure is n
Jan 20, 2017 | Reverse Mortgage Traditional Mortgage foreclosure Trump Treasury
As we enter the New Year, planning is on the minds of most people, especially those that are retired or considering retirement. A popular decision that often yields a big payoff is the downsizing your home for retirement. There comes a point w
Jan 06, 2017 | Reverse Mortgage Retirement Planning HECM for Purchase Seniors Age in Place downsizing