Reverse Mortgage Counseling Becomes More Affordable
In order to protect senior homeowners when considering a reverse mortgage FHA requires them to complete a counseling. The Department of Housing and Urban Development approved an allocation of $40 million for reverse mortgage counseling in June with the hope of helping homeowners better understand the rules and regulations of a reverse mortgage. The good news is that National [...]
When is Competition Unhealthy?
When it doesn’t benefit the consumer… Is competition healthy for the economy? Of course it is. It offers consumers a variety of products and prices and forces companies who charge higher prices to either lower them or create a more affordable line of products. If this is true, why is the reverse mortgage market so exclusive? [...]
Do We Take Our US Constitution for Granted?
Do We Take Our US Constitution for Granted? My heart sank this morning when I opened the newspaper to see that Egyptian soldiers and police opened fire on the protesters who still support the recently ousted President Morsi. Morsi was the first democratically elected President in Egypt, but also began [...]
The Negative Effect of the Media
The Negative Effect of the Media Is the media helpful? It’s a question we keeping asking ourselves because the immense benefits of a global, interconnected economy have been better than good, they’re been great! But what happens when the media is against you? Well, it will probably be the worse [...]
The Benefits of a Reverse Mortgage During Retirement
The Benefits of a Reverse Mortgage During Retirement Despite the amount of proposed changes that may affect your ability to apply for a reverse mortgages in the future, all hope is not lost, especially for seniors hoping to avoid impoverishment during retirement. The number of seniors that could potentially benefit from a reverse [...]
Adapting to Changes in the Reverse Mortgage Program
Adapting to Changes in the Reverse Mortgage Program The changes come to the reverse mortgage market are just around the corner but will you be able to adapt to them? Change is part of life, it’s essential to keep life interesting and necessary because it presents new challenges for us to overcome and brand [...]
