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
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
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
Good article on Forbes.com today titled - Wise Reverse Mortgages Can Be the Saving Grace of Unprepared Retirees by Wade Pfau.A saving grace for those that use a Reverse Mortgage wisely may hold the key. There is no rush to spend your home equity.&nb
A Home Equity Conversion Mortgage, or otherwise referred to as a HECM Reverse Mortgage, is considered a complex loan program. Fiduciaries and industry professionals across the board often get swept away with homeowners as they attempt to grasp a gen
Good article below. A diversified base of income in retirement is important. The three legged stool analogy is a great illustration for balance. Why be dependent just on one or two sources of income and potentially worry? This is the insecurit