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Reverse Mortgages - Government vs. The People - PLFs

Reverse Mortgages - Government vs. The People - PLFs

Since October 2013, it would appear that our government has been grappling with the people over principal limit factors (PLFs), otherwise referred to as home equity access levels for homeowners with Reverse Mortgages. The government actions are clearly ba

Jan 03, 2018 | Reverse Mortgage HECM Reverse Mortgage FHA Principal Limit Factor Non-recourse loan

Assessing the new Financial Assessments for Reverse Mortgages: Problem-Solution

The new rules will dramatically change the current government insured HECM Reverse Mortgage from a non-qualifying loan to one that requires qualifications and is subject to broad lender discretion.  You can be assured that the mortgage providers will

Apr 10, 2015 | Reverse Mortgage Retirement Planning HECM Reverse Mortgage FHA Financial Assessments

HECM for Purchase

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 Government insured mortgage FHA

A Reverse Mortgage is Not a Construction or Property Rehab Loan

There appears to be a misconception in the market among some that a Reverse Mortgage can be used to solve any and all property and borrower ailments. This is categorically incorrect. A Reverse Mortgage is designed for a primary residence only and do

Sep 25, 2013 | Reverse Mortgage solutions for underwater properties HECM Reverse Mortgage FHA Construction Loan

Important Changes on the Horizon for Reverse Mortgages

FHA and The Department of HUD have been authorized by congress to improve the HECM Reverse Mortgage Program. The legislation passed by both the House and the Senate authorizes HUD to improve the program, based on past assessments, so that it better s

Sep 02, 2013 | Reverse Mortgage supplemental retirement income HECM Reverse Mortgage FHA HUD

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