Nice article on some of the basics of a Reverse Mortgage. I would like to add that one of the key components of any strategy involving a Reverse Mortgage is balancing and keeping debt in control. Debt, such as mortgage payments and credit card
Oct 28, 2016 | Reverse Mortgage Retirement Planning supplemental retirement income HECM Reverse Mortgage Social Security Retirement security
The statistical significance of using a HECM for Purchase to buy a new home is almost nil relative to the prominent use of a traditional HECM Reverse for refinancing. There are several reasons the HECM for Purchase is rarely used. Heavy down paymen
Oct 13, 2016 | Reverse Mortgage Retirement Planning Reverse to Purchase Mortgage HECM Reverse Mortgage HECM for Purchase Seniors
There is a lot of talk about aging, longevity, and the fear of running out of money. There are people at every corner that will advise you to save more money and to prepare for illness, care needs, and ultimately unexpected longevity. I person
Sep 09, 2016 | Reverse Mortgage Retirement Planning supplemental retirement income Retirement income insecurity HECM Reverse Mortgage Seniors Financial Planning Retirement security
A key retirement goal should always be financial security. This is often much easier said than done. It is easy to physically retire from work but are you also mentally retired? In other words, being physically retired but mentally insec
Aug 11, 2016 | Reverse Mortgage supplemental retirement income HECM Reverse Mortgage HECM for Purchase Seniors Retirement security
The HECM for Purchase vehicle is an excellent tool but people are generally immediately turned off due to the heavy down payment. What they don’t realize is that it's more than just a home loan. It’s a terrific financial manage
Jul 21, 2016 | Reverse Mortgage HECM Reverse Mortgage HECM for Purchase Seniors
When we hear the annuity pitch it starts out like this: Put a lump sum down in your early fifties and when you turn 65 you will begin to receive monthly payments. How much will I receive per month? Well that depends on the index, like the S &a
Jul 18, 2016 | Reverse Mortgage Retirement Planning Annuity supplemental retirement income HECM Reverse Mortgage Government insured mortgage lifetime income with a Reverse Seniors reverse credit line