Posts Tagged ‘reverse mortgages’

The Media Continues to Get it Wrong on Reverse Mortgages

The Media Continues to Get it Wrong on Reverse Mortgages

No one should write about a HECM reverse mortgage as being good or bad, because it depends on so many variables… and 94% of homeowners with a HECM say it gave them peace of mind.... (Continue reading)

How a HECM Reverse Mortgage Saved a Homeowner Over $200,000

How a HECM Reverse Mortgage Saved a Homeowner Over $200,000

Homeowners with significant amounts in their retirement accounts can often benefit from using the HECM because it’s a tax free source of funds.... (Continue reading)

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)

More Crap Reporting on Reverse Mortgages – Joe Hernandez of Newsworks.com

More Crap Reporting on Reverse Mortgages - Joe Hernandez of Newsworks.com

The hardest part of trying to learn about reverse mortgages is wading through the misleading articles, often written by people under 40, who clearly don't know enough about the product or the market to be covering the subject matter.... (Continue reading)

Are You Overestimating Your Ability to Access Your Own Money in Retirement?

Are You Overestimating Your Ability to Access Your Own Money in Retirement?

I’ve found that most homeowners are dramatically overestimating their ability to pay off mortgages in retirement and/or access the equity in their homes once retired.... (Continue reading)

Mandelman’s Best Home Buying Advice for 2015 and Beyond

Mandelman’s Best Home Buying Advice for 2015 and Beyond

There are three ways to increase the equity in a home you own. Two are within a homeowner's control and one is not. And if you're over 62, for heaven's sake, downsize and hold onto your cash for... (Continue reading)

More Consumers Confused by Role of CFPB than Reverse Mortgage Ads

More Consumers Confused by Role of CFPB than Reverse Mortgage Ads

The Consumer Financial Protection Bureau (CFPB) recently conducted a focus group at which they showed reverse mortgage ads, concluding the ads are misleading... but, so what? ... (Continue reading)

Bank of America Report: Housing to Start 3-Year Price Decline in 2017

Bank of America Report: Housing to Start 3-Year Price Decline in 2017

A Bank of America analyst has published a report predicting the U.S. housing market will experience “three straight years of “modest” declines starting in 2017.... (Continue reading)

Leave Octogenarians at Home – Stop Evictions after 80.

Leave Octogenarians at Home - Stop Evictions after 80.

Over the last few weeks I’ve learned that we’re a country that actually doesn’t care about people in their 80s that run into financial difficulties. In fact… and as incredible as it may seem, WE EVICT THEM.... (Continue reading)

How & Why I Fell in Love with the Reverse Mortgage

How & Why I Fell in Love with the Reverse Mortgage

Nothing else does what a reverse mortgage does. There’s no real alternative because any other type of home equity loan would require you to make monthly payments, and you can’t retire with high monthly payments or you could end up... (Continue reading)

Motley Fool’s 10 Reasons Not to Get Reverse Mortgage is So Wrong… but Some Right

Yet another example of shoddy reporting on reverse mortgages. Some of what Bennett writes is correct, but much of it is slanted and the rest is just plain wrong.... (Continue reading)

‘Twas the Night Before Christmas – 2014 (A Political & Social Year-in-Review)

‘Twas the Night Before Christmas – 2014  (A Political & Social Year-in-Review)

Yes... usually, I post my annual political and social year-in-review poem (read to "Twas the Night Before Christmas") on the actual night before Christmas, but although I wrote it on December 24th... here I am posting it on January 18th.... (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)

How and Why Congress Changed the Reverse Mortgage in 2008

How and Why Congress Changed the Reverse Mortgage in 2008

Congress recognized the important role that reverse mortgages play so in HERA they offered greater protections and increased utility to homeowners.... (Continue reading)

Views on Reverse Mortgages from Around the World

Views on Reverse Mortgages from Around the World

Tweet   It’s utterly amazing how this country has managed to adopt such a warped view of reverse mortgages. Somehow, we’ve managed to take a government insured mortgage that doesn’t require monthly payments and turn it into a bad thing.... (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)

Future SHOCK for Older Homeowners: You Won’t Get a HELOC, a Second, or Refi based on your Equity

Future SHOCK for Older Homeowners: You Won’t Get a HELOC, a Second, or Refi based on your Equity

If you’re over 62, you have to ask yourself what you’d do in the event your income dropped or your expenses rose unexpectedly? You could tap your savings, but that's not something you want to do because spending your nest... (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)

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)

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)

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)

Interview with Renee Gabbard, Esq: Retirement is harder for WOMEN than MEN

Interview with Renee Gabbard, Esq: Retirement is harder for WOMEN than MEN

On this 30 minute podcast, we will say the things that need to be said, candidly discussing the retirement and estate planning issues that are unique to women... and that if ignored for too long, can cause women to endure... (Continue reading)

Understanding Reverse Mortgages Matters – A Podcast with Impac’s Richard Johnson

Understanding Reverse Mortgages Matters - A Podcast with Impac's Richard Johnson

In the past, reverse mortgages were seen as something only to be used as a last resort. But, in the past we had more options for borrowing money. ... (Continue reading)

Reverse Mortgage Nightmares Should Never Happen – Top 10 Misconceptions About Reverse Mortgages

Reverse Mortgage Nightmares Should Never Happen - Top 10 Misconceptions About Reverse Mortgages

I’ve learned that the reverse mortgage is one of those products that isn’t well understood at least as often as it is. Ask anyone what they think about reverse mortgages, and you’ll get answers from one end of the... (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)

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)


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