Is There a Right Time to Get a Reverse Mortgage Loan?
Is There a Right Time to Get a Reverse Mortgage Loan? There may be many seniors out there, 62 years of age and over, thinking about applying for a reverse mortgage loan. Whatever the reason for their consideration, one of the questions they may be asking themselves is: is there [...]
“Retirement Still Out of Reach for Most”
“Retirement Still Out of Reach for Most” Reports an article published by Reverse Mortgage Daily Through stock market improvements and a considerable boost to the housing market, many Americans possibly found themselves hopeful in achieving a more comfortable, work-free retirement. However, a study conducted by the Boston College for Retirement Research [...]
Choosing a Financial Planner: What to Look For
Choosing a Financial Planner: What to Look For Moving forward, the help of financial advisors and planners will be an indispensable part of the success of the reverse mortgage program. However, it’s important for consumers to know that not all financial planners are created equal and they should seek out someone [...]
Why Get a Reverse Mortgage Loan?
The Benefits of a HECM Loan A reverse mortgage is the complete antithesis of a home equity loan. The biggest difference is the fact that you do not have to make monthly mortgage payments on a reverse mortgage. In fact, a reverse mortgage pays you monthly (dependent on the program [...]
“Extreme” Action is Underway for Reverse Mortgages
“Extreme” Action is Underway for Reverse Mortgages The National Reverse Mortgage lenders Association is taking “extreme” action in order to change the face (and reputation) of the reverse mortgage, according to an article published by Reverse Mortgage Daily. The “Extreme Summit,” as it has been named by those in charge of the campaign, has [...]
“Reverse Mortgage is No Longer a ‘Loan of Last Resort,'” Says FINRA
“Reverse Mortgage is No Longer a ‘Loan of Last Resort,'” Says FINRA The Financial Industry Regulatory Authority has declared that the reverse mortgage, or Home Equity Conversion Mortgage, is NO LONGER a “loan of last resort,” thanks to research conducted by a Funding Longevity Task Force. According to an article published by Reverse [...]
