After the radical changes the government insured HECM Reverse Program experienced last October, the private reverse market has really stepped up to its calling. The private label Jumbo Reverse has become a very affordable and flexible loan program with a
Jun 12, 2018 | Jumbo Reverse Mortgage HECM Reverse Mortgage HECM for Purchase private label reverse mortgage 55+ Age in Place lifetime income with a Reverse Reverse Mortgage
As we enter the New Year, planning is on the minds of most people, especially those that are retired or considering retirement. A popular decision that often yields a big payoff is the downsizing your home for retirement. There comes a point w
Jan 06, 2017 | Retirement Planning Reverse Mortgage HECM for Purchase Seniors Age in Place downsizing
The statistical significance of using a HECM for Purchase to buy a new home is almost nil relative to the prominent use of a traditional HECM Reverse for refinancing. There are several reasons the HECM for Purchase is rarely used. Heavy down paymen
Oct 13, 2016 | Retirement Planning Reverse to Purchase Mortgage Seniors Reverse Mortgage HECM Reverse Mortgage HECM for Purchase
A key retirement goal should always be financial security. This is often much easier said than done. It is easy to physically retire from work but are you also mentally retired? In other words, being physically retired but mentally insec
Aug 11, 2016 | Reverse Mortgage Retirement security HECM for Purchase supplemental retirement income HECM Reverse Mortgage Seniors
The HECM for Purchase vehicle is an excellent tool but people are generally immediately turned off due to the heavy down payment. What they don’t realize is that it's more than just a home loan. It’s a terrific financial manage
Jul 21, 2016 | Reverse Mortgage Seniors HECM for Purchase HECM Reverse Mortgage
I've talked about all of these uses of Reverse Mortgages over time in my blog....from the obvious paying off mortgages to delaying social security, or buying a new home with a reverse mortgage, . Only one I haven't been expose
Jun 24, 2016 | supplemental retirement income Social Security Retirement Planning Reverse to Purchase Mortgage HECM Reverse Mortgage Long Term Care Financial Planning HECM for Purchase