If you’re short on cash in retirement but do have equity in your home, you might want to get a reverse mortgage, says Jane Bryant Quinn, author of How to Make Your Money Last: The Indispensable Retirement Guide. New rules for reverse mortgages have
May 18, 2016 | Reverse Mortgage Retirement Planning HECM Reverse Mortgage Financial Assessments Seniors reverse credit line Retirement security
I would like to comment on this Washington Post article to put aside the guess work and focus directly on what a reader or potential homeowner should realistically expect from a reverse mortgage given this situation. Here's the facts. The
Apr 25, 2016 | Reverse Mortgage Retirement Planning supplemental retirement income HECM Reverse Mortgage Financial Assessments Seniors LESA Retirement security
Qualifications for HECM Reverse Mortgages have gotten tougher since early 2015. FHA’s addition of financial assessments has shifted the main emphasis from age and property value to residual income, credit and debts. The issue is less abo
Feb 23, 2016 | Reverse Mortgage Retirement Planning supplemental retirement income HECM Reverse Mortgage Financial Assessments Seniors Financial Planning LESA Eligibility for Reverse Mortgage
The overriding goal of a Reverse Mortgage is to allow retirees and seniors to help themselves in retirement. You can think of this as a means of financial mobility with a loan program that has been specially designed for this demographic in an other
Jan 10, 2016 | Reverse Mortgage Retirement Planning HECM Reverse Mortgage Financial Assessments Seniors Financial Planning LESA Retirement security
It is in fact now much tougher than in the past to get a Reverse Mortgage. The key to success for retirees and seniors going forward seeking a Reverse Mortgage is to plan. In short, don’t wait until you have spent your last dollar before
May 27, 2015 | Reverse Mortgage Retirement Planning HECM Reverse Mortgage Financial Assessments
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