Reverse Mortgage Changes Will Protect (and Hurt) Consumers
Reverse Mortgage Changes Will Protect (and Hurt) Consumers The beginning of August was an important month for the Reverse Mortgage Program. President Obama signed the Reverse Mortgage Stabilization Act of 2013 in law and with it set into motion a chain of events that will potentially change the reverse mortgage program [...]
The Benefits of Reverse Mortgage Counseling
The Benefits of Reverse Mortgage Counseling The benefits of reverse mortgage counseling is growing. In June, the Department of Housing and Urban Development awarded the new funding, in the form of $40 million, to housing counseling agencies in hopes of sustaining HUD-approved counseling. The funding went toward helping new and existing home buyers manage [...]
When Does a Reverse Mortgage Have to Be Repaid?
When Does a Reverse Mortgage Have to Be Repaid? A reverse mortgage is a viable option for baby boomers looking to supplement their retirement income, and have enough tucked away for a rainy day or as part of a retirement planning option. If you are 62 years of age and [...]
We Are Not All the Same. Stop Comparing Us.
We Are Not All the Same. Stop Comparing Us. It’s out there and it’s pulling the wool over your eyes and making you think things that aren’t true. It’s out there and blinding you to the truth. It’s out there and it’s keeping you from enjoying our retirement fully. What [...]
“It’s Like Learning a New Language…You Learn The Bad Words First.”
“It’s Like Learning a New Language…You Learn The Bad Words First.” I was recently sitting down with a client who was considering a reverse mortgage. I was explaining to him the in’s and out’s of the program so he could determine if it was the best course of action for [...]
Should I Get a Reverse Mortgage During the Housing Recovery?
Home prices continue to rise even though they are still 33% below peak levels, reports an article in Reverse Mortgage Daily, via Clear Capital’s latest Home Data Index. In fact, national home prices gained 9.3% over the last year and 1.6% over the last quarter alone. While the West has led the [...]
