Posts Tagged ‘qualifying for a reverse mortgage’

Downsizing and Downgrading… Requirements for Retirement

Downsizing and Downgrading… Requirements for Retirement

More and more Americans are finding retirement more of an impossible dream than an American one. Baby boomers are delaying retirement or working through it, and most are woefully short of the amounts they'd need to retire. But... (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)

Why Can’t Dave Ramsey Get his Facts Straight on Reverse Mortgages?

Why Can't Dave Ramsey Get his Facts Straight on Reverse Mortgages?

Reverse mortgages are an extremely important financial tool for millions of Americans... and more and more every day. When Dave Ramsey writes about them, he needs to be accurate... and he's not. And that's a problem. ... (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)

Was it worth it?  Yeah, to me it definitely was. (For you maybe the reverse is true.)

Was it worth it?  Yeah, to me it definitely was. (For you maybe the reverse is true.)

If you switch your traditional mortgage to a reverse mortgage and you miss a payment, no one cares… if you miss three payments, no one cares… want to take the whole year off and make no mortgage payments… perfectly fine…... (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)

What’s WRONG with Richard Cordray of the CFPB? Tell Me How Can This Happen?

What's WRONG with Richard Cordray of the CFPB?  Tell Me How Can This Happen?

So, why does Cordray make it sound like he’s describing a problem with reverse mortgages when he’s actually not? Why is he scaring seniors away from a reverse mortgage, when it could transform their lives, or save their homes,... (Continue reading)

Who Doesn’t Need a Back-Up Plan for a Secure Retirement?

Who Doesn’t Need a Back-Up Plan for a Secure Retirement?

Maybe the wealthiest retirees can get by without taking out a reverse mortgage as a way to protect their financial futures, but for the rest of us… not having funds from a reverse mortgage available is what’s risky. And... (Continue reading)

Creative Uses for Reverse Mortgages… That You’ve Probably Never Considered

Creative Uses for Reverse Mortgages... That You've Probably Never Considered

I can’t think of anything that’s anything like a reverse mortgage. And the more I think about how they work and can be structured, the more uses for them come to mind. For example, one of the best... (Continue reading)


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