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Parachute Mortgage Delinquency with a HECM Reverse Mortgage

A parachute from high altitude is always a lifeline.  When a retiree or a senior, whether still working or not, gets into potential trouble with a forward mortgage payment becoming unaffordable, a HECM Reverse Mortgage can serve as a financial lifeli

Jun 02, 2015 | Retirement Planning supplemental retirement income HECM Reverse Mortgage Traditional Mortgage Mortgage Deliquency

Now it's tougher to get a Reverse Mortgage.

It is in fact now much tougher than in the past to get a Reverse Mortgage.  The key to success for retirees and seniors going forward seeking a Reverse Mortgage is to plan.  In short, don’t wait until you have spent your last dollar before

May 27, 2015 | Reverse Mortgage Retirement Planning HECM Reverse Mortgage Financial Assessments

What is a HECM?

A HECM is a Home Equity Conversion Mortgage, often referred to as a government insured Reverse Mortgage, that serves as a vehicle to help retirees and seniors access home equity from their homes in retirement. Home equity can be accessed in various ways

May 06, 2015 | Retirement Planning HECM Reverse Mortgage Reverse Mortgage home equity access lifetime income with a Reverse supplemental retirement income

Assessing the new Financial Assessments for Reverse Mortgages: Problem-Solution

The new rules will dramatically change the current government insured HECM Reverse Mortgage from a non-qualifying loan to one that requires qualifications and is subject to broad lender discretion.  You can be assured that the mortgage providers will

Apr 10, 2015 | Retirement Planning Reverse Mortgage FHA Financial Assessments HECM Reverse Mortgage

Avoid the Pitfalls of a POA when Applying for a HECM Reverse Mortgage

Reverse Mortgages have many practical applications but one of the common applications where people get stuck is with funds for care involving an incompetent loved one.  Keeping a loved one in their home and providing for care can be very expensive. A

Mar 06, 2015 | Reverse Mortgage HECM Reverse Mortgage Home Care Long Term Care

Effective March 2, 2015 - Financial Assessments Loom for the HECM Reverse Mortgage Program

**Update - The Federal Housing Administration (FHA) announced Thursday that it will delay the effective date to begin financial assessments for all reverse mortgage applicants due to technical issues.  They anticipate a delay of 30-60 days from

Feb 05, 2015 | Reverse Mortgage HECM Reverse Mortgage Government insured mortgage Retirement Planning Financial Assessments

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