Wednesday 4th December
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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)
How and Why Congress Changed the Reverse Mortgage in 2008
Written on 7 Nov, 2014 at 5:13
Congress recognized the important role that reverse mortgages play so in HERA they offered greater protections and increased utility to homeowners.... (Continue reading)
How & Why to Retire South of the Border (at least Part-Time)
Written on 5 Sep, 2014 at 17:02
If you've been reading what I've been writing about reverse mortgages over this past year, it should be becoming clear that they are incredibly flexible and can be used for many purposes... from protecting a home from foreclosure in the... (Continue reading)
Why Doesn’t Every Realtor in the Country Know About This?
Written on 31 Aug, 2014 at 19:49
Now, you tell me... why doesn't every single Realtor in the country know about this older-buyer assistance program from HUD? I know it's relatively new... since 2009... but that's still five years ago. How long should it take... (Continue reading)
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)
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)
U.S. News & World Report Presents 4 Alternatives to a Reverse Mortgage
Written on 30 Jul, 2014 at 10:42
If a company was misinforming seniors about reverse mortgages with deceptive advertising in order to sell them on reverse mortgages, everyone would be disgusted and demand that it stop. So, why would anyone be any less outraged with U.S.... (Continue reading)
HUD to Resolve Key Reverse Mortgage Issues Going Forward
Written on 2 Jun, 2014 at 8:36
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)
What’s WRONG with Richard Cordray of the CFPB? Tell Me How Can This Happen?
Written on 23 May, 2014 at 18:15
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)
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)
Motley Fooled by Reverse Mortgages – New York Times No Better
Written on 13 May, 2014 at 12:17
If you've seen one article about the "risks" or "perils" or "nightmares," associated with reverse mortgages, you've quite literally seen them all. It feels almost like one writer started a chain letter on the subject, and the rest of... (Continue reading)
Heirs of Reverse Mortgage Holders Should be Happy, Happy and Happy
Written on 11 Apr, 2014 at 5:09
The reverse mortgage is the only vehicle that allows the flexibility of repayment terms that includes no repayment at all until after the death of the second spouse. There's nothing else like the HECM reverse mortgage... we should all... (Continue reading)
Understanding Reverse Mortgages Matters – A Podcast with Impac’s Richard Johnson
Written on 4 Sep, 2013 at 15:06
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
Written on 2 Aug, 2013 at 21:08
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
Written on 16 Jul, 2013 at 4:07
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)