Posts Tagged ‘reverse mortgage’

The Single Best Tool for Downsizing in Retirement is Called: HECM-for-Purchase

There's no better tool for downsizing in retirement than the HECM for Purchase, a mortgage insured by the FHA. So why do so few homeowners and/or Realtors know anything about it? ... (Continue reading)

A Reverse Mortgage Ruined His Life?  Nonsense.  Not true.

A Reverse Mortgage Ruined His Life?  Nonsense.  Not true.

The reverse mortgage didn’t cause Mr. Feil any harm. In fact, it’s because of the HECM reverse mortgage that Mr. Feil was able to keep the home instead of losing it to foreclosure.... (Continue reading)

Okay, so tell me why everyone who can doesn’t use a reverse mortgage this way.

Okay, so tell me why everyone who can doesn’t use a reverse mortgage this way.

Who wouldn’t want a line of credit that’s guaranteed to increase every year even if the home’s value remains flat or goes down. Nothing does what the HECM Line of Credit does.... (Continue reading)

Counting on Working Past 65 is Statistically, Being Overconfident

Counting on Working Past 65 is Statistically, Being Overconfident

The point is… if the HECM reverse mortgage for purchase makes sense for you then there are some major advantages to using it during your retirement years. If it doesn’t, then don’t do it. But, know the facts... (Continue reading)

Want to Know What I Just Heard About Reverse Mortgages?

Want to Know What I Just Heard About Reverse Mortgages?

“I heard they cost $112,000.” I’m dumbfounded at how many talk about a reverse mortgage without mentioning that they don’t know what they’re talking about. ... (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)

HUD to Resolve Key Reverse Mortgage Issues Going Forward

HUD to Resolve Key Reverse Mortgage Issues Going Forward

How would you like to find out that no one had told you that you had easy access to several hundred thousand dollars, and so not knowing, you made other plans that you didn’t want to make and wouldn’t have... (Continue reading)

HUD Revises the Rules Related to Reverse Mortgages

HUD Revises the Rules Related to Reverse Mortgages

HUD’s new rules related to reverse mortgages are just a part of those changes made in the wake of the financial crisis and resulting economic meltdown, and in fact, relative to changes made that affect other areas of mortgage finance,... (Continue reading)

Illinois Attorney Saves Homes from Foreclosure Using Reverse Mortgages

Illinois Attorney Saves Homes from Foreclosure Using Reverse Mortgages

Reverse mortgages are not going to be an available path for many homeowners facing foreclosure, but for those 62 and older... who have equity in their homes... they can offer an answer and benefits that no other path can provide...... (Continue reading)

GUEST POST: President Obama, please don’t let them take Grandma’s house!

GUEST POST: President Obama, please don’t let them take Grandma’s house!

A Guest Post by Chicago attorney, Rick Rogers of Rogers Law Group. Rick and I met last year when we attended Max Gardner's Boot Camp in North Carolina last year; we actually shared the Riverview Cabin on Max's ranch... (Continue reading)


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