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Mortgage Blog

Should You Take a Reverse Mortgage Now, or Would It Be Better to Wait?

Good Huffington Post article that brings up a very important point which I have stressed in previous blogs.  In answer to the title's question, no you shouldn't wait. When a retiree really doesn’t have a comprehensive plan, waiting to t

Apr 14, 2016 | Reverse Mortgage Retirement Planning supplemental retirement income HECM Reverse Mortgage Financial Planning Retirement security Eligibility for Reverse Mortgage

New Math on Reverse Mortgages - Wall Street Journal

New Math on Reverse Mortgages - Wall Street Journal

The constructive nature of the use of a reverse mortgage is the key take away from this article.  The government has changed the program to protect retirees not only from getting in trouble with the program but also from themselves.  Big brother

Mar 29, 2016 | Reverse Mortgage Retirement Planning supplemental retirement income HECM Reverse Mortgage Financial Planning Retirement security

5 Ways a HECM Reverse Mortgage Can Ease the Retirement of Homeowners

Nice article on the benefits and practical applications of a government insured Reverse Mortgage that are simple and easy to understand.  The problem today is that very few people want to plan.  Most people prefer to seek out a Reverse Mortgage

Mar 25, 2016 | Reverse Mortgage Retirement Planning supplemental retirement income HECM Reverse Mortgage Seniors reverse credit line Retirement security

Is a reverse mortgage right for you? CNBC Article Response

A Reverse Mortgage provides a unique advantage to retirees with home equity seeking supplementary income.  In addition to additional income it also provides the opportunity to pay off existing mortgages and home equity lines to free up additional mon

Mar 23, 2016 | Reverse Mortgage Retirement Planning supplemental retirement income HECM Reverse Mortgage Financial Planning

Retirees, Seniors and Controlling Debt in Retirement.

Retirees, Seniors and Controlling Debt in Retirement.

When people retire, they often go from receiving a pay check every two weeks to a fixed income.  Many may also have businesses that they have just sold.  Now with this comes freedom but with this new found freedom there is an expectation that th

Mar 04, 2016 | Reverse Mortgage supplemental retirement income Retirement income insecurity HECM Reverse Mortgage Real Estate Economy Seniors Financial Planning Retirement security

Are you Eligible for a Reverse Mortgage?

Qualifications for HECM Reverse Mortgages have gotten tougher since early 2015.  FHA’s addition of financial assessments has shifted the main emphasis from age and property value to residual income, credit and debts.  The issue is less abo

Feb 23, 2016 | Reverse Mortgage Retirement Planning supplemental retirement income HECM Reverse Mortgage Financial Assessments Seniors Financial Planning LESA Eligibility for Reverse Mortgage

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