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 | Reverse Mortgage Retirement Planning HECM Reverse Mortgage FHA Financial Assessments
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
**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 Retirement Planning HECM Reverse Mortgage Government insured mortgage Financial Assessments
As reported on Yahoo this morning....Changes in 2014 to federal reverse mortgage regulations have shifted this senior safety net away from its traditional role as a loan of last resort to keep the elderly in their homes. Reverse mortgages now serve as a f
Jan 28, 2015 | Reverse Mortgage Retirement Planning supplemental retirement income HECM Reverse Mortgage HECM for Purchase
This is a classic Reverse Mortgage scenario that contradicts the general public perception that the primary use for a Reverse Mortgage equates to “funds of last resort”.Recently, I met with a client that was unmarried, in her early sevent
Jan 22, 2015 | Reverse Mortgage Retirement Planning supplemental retirement income Retirement income insecurity HECM Reverse Mortgage
With all the habitual bad press provided for the government insured Reverse Mortgage program one might think that the government entitlement was, by design, established to ensnare retirees and seniors so the government could prey on them in their finest h
Jan 06, 2015 | Reverse Mortgage Retirement Planning supplemental retirement income HECM Reverse Mortgage