**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
Nice article below from Wall Street Journal on Reverse Mortgages. The author actually did some research and plowed through the skepticism surrounding government insured reverse mortgages. The untapped portion of the home equity credit lines grow each year
Jan 05, 2015 | Reverse Mortgage Retirement Planning HECM Reverse Mortgage Government insured mortgage HECM for Purchase
Nice article comparing wealth and consumption effects of a HECM Reverse Mortgage. I would like to add a few things. First, the money is essentially the same. You either pay the mortgage payment or have your home equity make the payment.
Jan 05, 2015 | Reverse Mortgage Retirement Planning Traditional Mortgage supplemental retirement income HECM Reverse Mortgage