Posts Tagged ‘pros and cons of reverse mortgages’

The Media Continues to Get it Wrong on Reverse Mortgages

Written on 4 Oct, 2016 at 1:49

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)

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)

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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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Who Doesn’t Need a Back-Up Plan for a Secure Retirement?

Written on 7 Jan, 2014 at 14:55

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)