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
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
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.
It would appear that we may have a new word candidate for the mighty review board at Webster's. Rentership is a new phenomenon that is pervasive throughout our real estate economy. It is hidden below the radar and often not breached in con
If you are in the market for a new home and considering an all cash offer or a large down payment you should consider the benefits of a HECM for Purchase. This allows you to purchase a new home and establish a Reverse Mortgage in a single transactio
During the brunt of the recent mortgage crisis, when lenders nationwide faced unprecedented levels of mortgage loan delinquency in short periods of time, it was common to see delinquent mortgages sit with no adverse lender action. The lenders did no