“What Can I Do For You?”
We all know that good customer service is essential to the survival of any business. In the reverse mortgage industry, “what can I do for you?” is one of the most important questions you can ask a potential client. You need to know a client’s personal situation in order to [...]
“In Lieu of a Retirement Plan…Get a Reverse Mortgage Loan”
One of the big misconceptions about a reverse mortgage Loan is that it should be used in lieu of a retirement plan or if a previous plan fell through because of one reason or another. This is not true. This is one of the reasons why the reverse mortgage loan earned a [...]
Consumers Can Now Get a “Fixed Fortune”
We have now unveiled a new fixed-rate HECM loan, the “Fixed Fortune,” after unveiling the HECM Fixed Advantage last month, in hopes of giving borrowers more options when looking for a reverse mortgage. The fact of the matter is, fixed products are needed when it comes to reverse mortgages, especially because [...]
HUD Announces Implementation of Financial Assessment
The Department of Housing and Urban Development has finally made a decision in regards to the implementation of the financial assessment to the reverse mortgage program. In addition, it has also made a decision regarding the non-borrowing spouse by making changes to the amount of funds a borrower may have access [...]
Reverse Mortgages Make Retirement Plans Easier Thanks to New Software
Reverse Mortgages Make Retirement Plans Easier Thanks to New Software IBIS Software has developed two new software platforms for both loan original and financial planners which will allow them to input reverse mortgages into retirement portfolios based on the 6% rule. The 6% rule is an upcoming trend in retirement planning, based [...]
The Advantage of a HECM Fixed Advantage
Days after Reverse Mortgage Funding announced it’s plans to offer borrowers the HECM Choice, the fixed-rate reverse program product since HUD eliminate the fixed-rate Standard back in April, Live Well Financial, Inc. unveiled its new product, the HECM Fixed Advantage. According to an article published by Reverse Mortgage Daily, the HECM Fixed [...]
