Headline inflation has hit us all mainly at the gas pump and the food store, but it’s everywhere and the adverse effects are more prevalent amongst people that live and depend on fixed income. HECM Reverse Mortgage endorsements had their best year in 202
Apr 11, 2022 | Reverse Mortgage Retirement Planning supplemental retirement income Retirement income insecurity lifetime income with a Reverse HECM Reverse Mortgage Jefferson Mortgage Group Eligibility for Reverse Mortgage Age in Place Inflation cashflow
What does this mean for you? A higher limit will accommodate higher home prices and allow for higher home equity access across the board for all eligible age groups going forward. Higher equity access means the HECM has become a more flexible tool for re
Jan 26, 2021 | 2021 Changes HECM Changes HECM Reverse Mortgage Eligibility for Reverse Mortgage Seniors Reverse Mortgage reverse credit line Age in Place
In the last six months, I have gone from adamantly avoiding the private label Reverse Mortgage program offerings for my clients to being an admirer and an outright endorser. The new Jumbo Reverse program looks nothing like the old one. The primary reason
Aug 22, 2018 | Jumbo Reverse Mortgage HECM Reverse Mortgage Eligibility for Reverse Mortgage MIP HECM Changes 55+ High-Value Homes Age in Place
Private label reverse mortgages are hitting the sweet spot for higher priced homes in DC and the surrounding suburbs in Northern VA. Many retirees have lived in their homes for a long time and have a very low cost basis. They are comforta
Jan 23, 2018 | Jumbo Reverse Mortgage Reverse Mortgage HECM Reverse Mortgage Age in Place Eligibility for Reverse Mortgage
U.S. Department of Housing and Urban Development (HUD) announced Tuesday, August. 29, it will raise up-front fees and tighten limits for the HECM Reverse Mortgage program to avoid having to dip into the U.S. Treasury to cover troubled borrowers. These mea
Sep 06, 2017 | Eligibility for Reverse Mortgage HECM Reverse Mortgage Seniors Reverse Mortgage HUD
Good Huffington Post article that brings up a very important point which I have stressed in previous blogs. In answer to the title's question, no you shouldn't wait. When a retiree really doesn’t have a comprehensive plan, waiting to t
Apr 14, 2016 | Reverse Mortgage Retirement Planning Eligibility for Reverse Mortgage Financial Planning HECM Reverse Mortgage Retirement security supplemental retirement income