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Mortgage Blog

Helping Retirees and Seniors with a Critical Financial Planning Element

Helping Retirees and Seniors with a Critical Financial Planning Element

Monthly cash flow seems to be the order of the day.  As we age, many of us find ourselves in a constant battle trying to manage funds in from income and funds out for living expenses and care. Reverse Mortgages go a long way toward addressing this is

Jul 08, 2015 | Reverse Mortgage Retirement Planning supplemental retirement income HECM Reverse Mortgage Home Care

How a Reverse Mortgage Can Help with In-Home Care

How a Reverse Mortgage Can Help with In-Home Care

A Reverse Mortgage can provide easy access to home equity that has been built up over time.  In turn, these funds can be used for in home care and enable the homeowner to stay in their home.  There are some qualifications for eligibility but the

Jun 26, 2015 | Reverse Mortgage HECM Reverse Mortgage Home Care Long Term Care

Understanding the Complexity of a Property Short Sale

Many people think a short sale primarily consists of simply selling your home with a realtor as part of a lender sanctioned transaction.  Others may view a Short Sale as an opportunity to get out of a bad investment or difficult financial situation.&

Jun 08, 2015 | Short Sales Debt Mitigation forgiven mortgage debt mortgage debt forgiveness act Mortgage Deliquency

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 Traditional Mortgage supplemental retirement income HECM Reverse 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 | Reverse Mortgage Retirement Planning supplemental retirement income home equity access HECM Reverse Mortgage lifetime income with a Reverse

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