Just last week, HUD announced positive changes to the principle limit factors that govern home equity access levels for eligible homeowners. While younger homeowners in their sixties may not see much benefit in the form of increased eligibility, the
Jul 09, 2014 | Reverse Mortgage Retirement Planning home equity access HECM Reverse Mortgage Government insured mortgage HUD
Eligibility for a Reverse Mortgage is based on your property value and the age of the youngest borrower. The older you are, the more eligibility you have to access your home equity. Reverse Mortgages are an attractive way for retirees and active
Jul 03, 2014 | Reverse Mortgage supplemental retirement income HECM Reverse Mortgage lifetime income with a Reverse
How can we establish a cost effective mechanism for long term care insurance? I have been told by several financial advisors that nobody wants to pay premiums for long term care insurance that they may never use. Unless you set this up early,
May 21, 2014 | Reverse Mortgage Retirement income insecurity HECM Reverse Mortgage Long Term Care
How many of you would have loved to have had an affordable means of effectively purchasing a Put Option on your primary residence insured by FHA, prior or even during the housing crisis? This is what a reverse mortgage provides for eligible homeowner
Apr 23, 2014 | Reverse Mortgage Retirement Planning supplemental retirement income HECM Reverse Mortgage lifetime income with a Reverse
Statistics show a large number of home buyers paying cash for homes. Is this the best strategy for retirees and older active adults? Many people, regardless of their age, have been having difficulty obtaining a mortgage. Once a mortgage
Mar 21, 2014 | Reverse Mortgage Retirement Planning Reverse to Purchase Mortgage HECM Reverse Mortgage Government insured mortgage FHA HECM to Purchase HECM for Purchase
How should we feel about homeowners possibly not getting a fair shake with their lenders? I think we can all agree that it is pretty clear that underwater homeowners and those struggling to make their payments want to be treated fairly. Here is wher
Mar 05, 2014 | Traditional Mortgage Short Sales Mortgage Loan Process