Here are the top five things you need to know about Reverse Mortgages. A Reverse Mortgage is simply a mortgage. Neither the lender nor the government assumes or receives any ownership swap for the benefits you receive from the reverse mortgag
Sep 11, 2024 | Reverse Mortgage supplemental retirement income Age in Place
Would you like to be able to stay in your home for your entire retirement? Most people that are thinking about retirement and the shift to eventually living on a fixed income and those that are already retired more than likely would answer yes to this que
Nov 03, 2023 | Reverse Mortgage Age in Place Jumbo Reverse Mortgage Retirement Planning
Now is an optimal time to consider a Reverse Mortgage given that inflation, general housing demand, and previously very low rates have pushed the values of homes up in many areas substantially over the past couple of years. The higher values allow for hig
Dec 08, 2022 | Lending Limit increase 2023 changes Reverse Mortgage Eligibility 55+ Interest Rates FHA Reverse Mortgage Real Estate Market Mortgage Rates Inflation Housing Market supplemental retirement income Age in Place
Headline inflation has hit us all mainly at the gas pump and the food store, but it’s everywhere and the adverse effects are more prevalent amongst people that live and depend on fixed income. HECM Reverse Mortgage endorsements had their best year in 202
Apr 11, 2022 | Reverse Mortgage Retirement Planning supplemental retirement income Retirement income insecurity lifetime income with a Reverse HECM Reverse Mortgage Jefferson Mortgage Group Eligibility for Reverse Mortgage Age in Place Inflation cashflow
What does this mean for you? A higher limit will accommodate higher home prices and allow for higher home equity access across the board for all eligible age groups going forward. Higher equity access means the HECM has become a more flexible tool for re
Jan 26, 2021 | 2021 Changes HECM Changes HECM Reverse Mortgage Eligibility for Reverse Mortgage Seniors Reverse Mortgage reverse credit line Age in Place
Getting a Reverse Mortgage for a homeowner with an unrestricted approval versus a restricted approval due to credit problems, even some that are very minor, can often be challenging. The program has become much stricter regarding credit incidents since th
Oct 13, 2020 | Reverse Mortgage HECM Reverse Mortgage Seniors HECM Changes Retirement Planning Age in Place Unrestricted Approval success story