Posts Tagged ‘changes to HECMs’

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

Written on 14 Aug, 2014 at 8:28

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)

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

Written on 5 Aug, 2014 at 4:17

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)

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CNBC’s Diana Olick makes sure no one understands reverse mortgages, I make sure they do.

Written on 12 May, 2014 at 6:52

I'm constantly amazed at the negative press and misconceptions surrounding reverse mortgages, because the bottom-line is they are an absolutely wonderful product that almost everyone over 62 years old should have, and yet in a year of talking to seniors... (Continue reading)