Here are the top five things you need to know about Reverse Mortgages. A Reverse Mortgage is simply a mortgage. Neither the lender nor the government assumes or receives any ownership swap for the benefits you receive from the reverse mortgag
The most important aspect of accessing your home equity may be to limit unnecessary costs and keep your low rate first trust firmly in place. From there, you will have two distinct options. The first, and most advertised, may be the Home Equity Line of Cr
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 the US Government prior, or even during, the housing crisis? This is what a Reverse Mortgage provides for eligible
What do these Bank Statement programs do and how do they work? These programs represent a work-around of the stringent Federal “Ability to Repay” (ATR) rules that govern standard full documentation qualifying guidelines. This program is
This is an older blog post that discusses Annuitization written before the recent increase in rates that still has significant merit for retirement planning. Annuitization, I didn't think that was a word either but according to Morningstar and the a
• HECM Reverse Mortgages (Government Insured FHA): $1,149,825 • Jumbo Reverse (Private Label): $4,000,000 (higher loan amounts require exceptions based on market conditions) • Jumbo Reverse-Standalone Second Trusts: $4,000,000