Terrific article that puts the terminology surrounding reverse mortgages in better context and explains it so normal people can understand. As the article denotes, with a Reverse Mortgage, foreclosure is not necessarily a bad thing. Foreclosure is n
Jan 20, 2017 | Reverse Mortgage Traditional Mortgage foreclosure Trump Treasury
As we enter the New Year, planning is on the minds of most people, especially those that are retired or considering retirement. A popular decision that often yields a big payoff is the downsizing your home for retirement. There comes a point w
Jan 06, 2017 | Reverse Mortgage Retirement Planning HECM for Purchase Seniors Age in Place downsizing
Funding care is an important topic. A great way to address the care related issues of aging while allowing seniors to maintain their privacy and independence is to consider the addition of a Reverse Mortgage. Paying off forward mortgages, home
Dec 13, 2016 | Reverse Mortgage Retirement Planning Medicare supplemental retirement income home equity access HECM Reverse Mortgage Home Care Long Term Care Seniors Age in Place
When we die it is often said that we need an estate plan that encompasses a will or a trust. There are also other documents like medical directives and power of attorney. The establishment of a proper plan is important but, in my opinion, a cr
Nov 12, 2016 | Retirement Planning HECM Reverse Mortgage Seniors Financial Planning Estate Plan
Nice article on some of the basics of a Reverse Mortgage. I would like to add that one of the key components of any strategy involving a Reverse Mortgage is balancing and keeping debt in control. Debt, such as mortgage payments and credit card
Oct 28, 2016 | Reverse Mortgage Retirement Planning supplemental retirement income HECM Reverse Mortgage Social Security Retirement security
The statistical significance of using a HECM for Purchase to buy a new home is almost nil relative to the prominent use of a traditional HECM Reverse for refinancing. There are several reasons the HECM for Purchase is rarely used. Heavy down paymen
Oct 13, 2016 | Reverse Mortgage Retirement Planning Reverse to Purchase Mortgage HECM Reverse Mortgage HECM for Purchase Seniors