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
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
Private label Reverse Mortgages have been slowly creeping across the country over the past two years. There are some very key distinctions between the private label and the government insured HECM that are important to keep in mind. The governm
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
Check out the October issue of the Beacon and hear what some of our clients have to say. http://issuu.com/thebeaconnewspapers/docs/oct15dcbeacon/43?e=1984404/30449816 Would love to hear from you if you or a loved one are in a similar situation.
Based on Dodd Frank regulations, access to mortgages for people of all ages is constrained by the ATR Rule. This rule requires that a borrower must demonstrate the ability to repay the mortgage. We no longer have the easy to qualify mortgage t