Posts Tagged ‘Home Equity Conversion Mortgage’

Merrill Lynch Proves Clueless on Use of Home Equity in Retirement

Written on 3 Dec, 2019 at 15:06

The HECM program and other reverse mortgages are specifically designed for retirees looking to access their home's equity. For Merrill Lynch not to mention the HECM alternative in an advisory bulletin about accessing home equity in retirement makes that... (Continue reading)

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

Written on 9 Sep, 2016 at 19:28

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)

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IF YOU’RE 62+ AND STILL PAYING A MORTGAGE… Here are 7 Reasons You Can End Up in Foreclosure and How to Protect Your Home Now

Written on 26 Aug, 2014 at 18:22

Now, I'm not saying that anyone should have known about any of this. The fact is that his article, and others I've written in the recent past, appear to be the first in the country to propose switching to... (Continue reading)

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

Written on 19 Aug, 2014 at 19:09

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)

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Major Media Misinforms, Scares Seniors on Reverse Mortgages

Written on 23 May, 2014 at 7:51

I can't help but wonder how many seniors have made less favorable decisions as a result of biased and wholly inaccurate reporting on reverse mortgages, but it's impossible for me to believe that it's not quite a few. How... (Continue reading)

HUD Revises the Rules Related to Reverse Mortgages

Written on 12 Sep, 2013 at 5:33

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)