“Reverse Mortgage Loans Fit an Important Niche…”
“Reverse Mortgage Loans Fit an Important Niche…” Says Columbus Dispatch The reverse mortgage loan has undergone many changes in the past few months, and while some may say it is not worthwhile, despite all the success stories, the reverse mortgage industry will not give up on trying to educate consumers, financial [...]
New FHA Regulations Created to Protect Non-Borrowing Spouses
New FHA Regulations Created to Protect Non-Borrowing Spouses Recent changes to the reverse mortgage program have made it a more advantageous retirement planning tool for the future. However, for some borrowers, there was still the lingering question of what would happen to their spouse upon their passing. Non-borrowing spouses can [...]
Consider Every Retirement Planning Option…Including a Reverse Mortgage Loan
Consider Every Retirement Planning Option…Including a Reverse Mortgage Loan A reverse mortgage loan, or home equity conversion mortgage, is a helpful alternative to many seniors, who may need the funds immediately, or are hoping to leverage the home equity they have acquired during their working years to favorably save up for retirement. [...]
HELOC Payments are Going from Interest Only to Fully Amortized
HELOC Payments are Going from Interest Only to Fully Amortized This time it’s not about the recovering housing market but about making sure borrowers who took out home equity lines of credit during the boom will be able to make their monthly payments once their loans reach the ten year [...]
Who Should Get a Reverse Mortgage Loan and “Why?”
Who Should Get a Reverse Mortgage Loan and “Why?” I find clients often worry about their heirs whenever they decide to move forward with a reverse mortgage, either because they wished to leave their home to their children or grandchildren or hoped that their children will be able to sell [...]
Home Equity Lines of Credit Are Ballooning
Home Equity Lines of Credit Are Ballooning Home Equity Lines of Credit may cause a new problem for banks as many reach their 10 year anniversary. This means many borrowers willl have to start paying their principal balance on these loans on top of the interest payments they’ve been paying for [...]
