A parachute from high altitude is always a lifeline. When a retiree or a senior, whether still working or not, gets into potential trouble with a forward mortgage payment becoming unaffordable, a HECM Reverse Mortgage can serve as a financial lifeli
Jun 02, 2015 | Retirement Planning supplemental retirement income HECM Reverse Mortgage Traditional Mortgage Mortgage Deliquency
It is in fact now much tougher than in the past to get a Reverse Mortgage. The key to success for retirees and seniors going forward seeking a Reverse Mortgage is to plan. In short, don’t wait until you have spent your last dollar before
May 27, 2015 | Reverse Mortgage Retirement Planning HECM Reverse Mortgage Financial Assessments
A HECM is a Home Equity Conversion Mortgage, often referred to as a government insured Reverse Mortgage, that serves as a vehicle to help retirees and seniors access home equity from their homes in retirement. Home equity can be accessed in various ways
May 06, 2015 | Retirement Planning HECM Reverse Mortgage Reverse Mortgage home equity access lifetime income with a Reverse supplemental retirement income
The new rules will dramatically change the current government insured HECM Reverse Mortgage from a non-qualifying loan to one that requires qualifications and is subject to broad lender discretion. You can be assured that the mortgage providers will
Apr 10, 2015 | Retirement Planning Reverse Mortgage FHA Financial Assessments HECM Reverse Mortgage
Reverse Mortgages have many practical applications but one of the common applications where people get stuck is with funds for care involving an incompetent loved one. Keeping a loved one in their home and providing for care can be very expensive. A
Mar 06, 2015 | Reverse Mortgage HECM Reverse Mortgage Home Care Long Term Care
**Update - The Federal Housing Administration (FHA) announced Thursday that it will delay the effective date to begin financial assessments for all reverse mortgage applicants due to technical issues. They anticipate a delay of 30-60 days from
Feb 05, 2015 | Reverse Mortgage HECM Reverse Mortgage Government insured mortgage Retirement Planning Financial Assessments