This is a classic Reverse Mortgage scenario that contradicts the general public perception that the primary use for a Reverse Mortgage equates to “funds of last resort”.Recently, I met with a client that was unmarried, in her early sevent
With all the habitual bad press provided for the government insured Reverse Mortgage program one might think that the government entitlement was, by design, established to ensnare retirees and seniors so the government could prey on them in their finest h
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
Nice article comparing wealth and consumption effects of a HECM Reverse Mortgage. I would like to add a few things. First, the money is essentially the same. You either pay the mortgage payment or have your home equity make the payment.
If you are in the market for a new home and considering an all cash offer or a large down payment you should consider the benefits of a HECM for Purchase. This allows you to purchase a new home and establish a Reverse Mortgage in a single transactio
For every story of someone that got hurt with a bad mortgage in the housing crisis it sure would be nice to hear a good story. We all know that regulation and re-regulation has been a boon for the people that grow trees and make paper. The big