Posts Tagged ‘HECM reverse mortgages’

FINALLY… Time Magazine Realizes New Reverse Mortgages May be a Good Idea

FINALLY… Time Magazine Realizes New Reverse Mortgages May be a Good Idea

My point is that Kadlec does a decent job writing about the new HECM reverse mortgage… not a great job, but one that’s better than most. And that’s encouraging.... (Continue reading)

Average Home Prices Are Irrelevant for You or Me

Average Home Prices Are Irrelevant for You or Me

Forecast are predicting home prices will fall over the next 2-3 years. Some say by 10 percent, others say as much as 20 percent. Either way, no credible source is saying averages will rise in the 2-3 years.... (Continue reading)

REALITY CHECK: “Reverse Mortgage Realities” According to The New York Times

REALITY CHECK: “Reverse Mortgage Realities” According to The New York Times

The latest example of bad information on reverse mortgages is by Lisa Prevost, The New York Times, who promises to present “realities of reverse mortgages.” And then doesn't.... (Continue reading)

Exceptional Insight of Barry Sacks, Esq. on Reverse Mortgages – A Mandelman Matters Podcast

Exceptional Insight of Barry Sacks, Esq. on Reverse Mortgages - A Mandelman Matters Podcast

Do you think you already know enough about reverse mortgages? Well, I promise... you don't. Listen to this and learn things you can't learn anywhere else. ... (Continue reading)

LATE START STRATEGY: Creating retirement income to last a lifetime… even if you haven’t saved a nickel.

LATE START STRATEGY: Creating retirement income to last a lifetime… even if you haven’t saved a nickel.

Is it even possible to be financially prepared for thirty years of living without getting a paycheck from work? The answer is simple: INCOME. And even without savings it can be done.... (Continue reading)

Dear Bloomberg & Financial Advisors: They can’t get a HELOC & don’t want to sell their homes.

Dear Bloomberg & Financial Advisors: They can’t get a HELOC & don’t want to sell their homes.

Okay, Ben you blew it on reverse mortgages, but I feel certain that you’ll try very hard not to let it happen again. It’s important, because if you get it wrong, you might end up writing something that ends... (Continue reading)

Percentage Over 65 Still Paying a Mortgage Doubles to 40%

Percentage Over 65 Still Paying a Mortgage Doubles to 40%

Tweet   According to a new report from Harvard University’s Joint Center for Housing Studies, as of 2010, “40 percent of households 65 and up were still paying a mortgage.”  In 1992, according to the report, there were only about 18 percent... (Continue reading)

Understanding The Black Swan… Thy Name is Retirement

Understanding The Black Swan… Thy Name is Retirement

Reverse mortgages can help us deal with the Black Swan event we’re most familiar with today... the meltdown in home prices that began in 2007 and left tens of millions of American homeowners “underwater,” or in other words, owing more... (Continue reading)

Use a Reverse Mortgage to Prevent Foreclosure and to Leave Your Home to the Kids Free and Clear

Use a Reverse Mortgage to Prevent Foreclosure and to Leave Your Home to the Kids Free and Clear

In fact, by doing it with a HECM mortgage, you increase your chances of being able to leave your home to your kids free and clear because you’ve eliminated the risk that you’ll end up in foreclosure because you couldn't... (Continue reading)

Why the Media Misinforming Seniors on Reverse Mortgages is Wrong and Even Dangerous

Why the Media Misinforming Seniors on Reverse Mortgages is Wrong and Even Dangerous

And reverse mortgages keep homes safe from foreclosure, and millions of seniors have lost homes from foreclosure over the last five years. Many were denied loan modifications because they had equity in their homes. I can’t help but... (Continue reading)

Even with $2 million in the bank, you should still have a reverse mortgage

Even with $2 million in the bank, you should still have a reverse mortgage

Having saved $2 million in your retirement nest egg is a wonderful accomplishment, and if you’ve done so, you are to be commended. But, it does not mean that you have nothing to worry about when facing what could... (Continue reading)

Tampa Bay Times: Stop Lying to My 78 Year-Old Mother!

Tampa Bay Times: Stop Lying to My 78 Year-Old Mother!

Doesn’t anyone think it’s bad form to misinform senior citizens… to scare older Americans away from a source of money that could easily be a couple hundred thousand dollars or more by feeding them inaccurate and misleading garbage disguised as... (Continue reading)


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