Based on Dodd Frank regulations, access to mortgages for people of all ages is constrained by the ATR Rule. This rule requires that a borrower must demonstrate the ability to repay the mortgage. We no longer have the easy to qualify mortgage t
Oct 14, 2015 | Reverse Mortgage HECM Reverse Mortgage Loan modification Mortgage Loan Process Financial Planning
Nice article in Forbes providing specific applications for Reverse Mortgages. HECM Reverse Mortgages are clearly an area that the public and the advisor community will need to pay more attention to if we are to collectively achieve retirement goals
Oct 08, 2015 | Reverse Mortgage Retirement Planning supplemental retirement income Retirement income insecurity HECM Reverse Mortgage Financial Planning
The Sandwich Generation is defined as parents who have to take care of their kids and their aging parent(s) at the same time. According to the Pew Research Center, just over 1 of every 8 Americans aged 40 to 60 is both raising a child and caring for
Sep 12, 2015 | Reverse Mortgage Retirement Planning HECM Reverse Mortgage Home Care Sandwich Generation Financial Planning
For most retirees, how to get the most out of Social Security is not common knowledge. Often they retire and the next step, based on need or assumption, is to sign up for Social Security benefits. The benefit system is complex with many variab
Aug 11, 2015 | Reverse Mortgage Retirement Planning HECM Reverse Mortgage Social Security
Good Article on MarketWatch, titled "New Ways to Pay for Long-Term Healthcare". I can't get comfortable with long term care insurance. I have met many long-term care specialists that sell this product and they all will tell you th
Jul 16, 2015 | Reverse Mortgage Retirement Planning HECM Reverse Mortgage Home Care Long Term Care Seniors
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