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
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
Achieve diversification, increased liquidity, and financial peace of mind by using a HECM for Purchase to buy a new primary residence. Instead of solely focusing on downsizing as we age why don’t we expand on this thought and make it a financial st
Aug 11, 2014 | HECM Reverse Mortgage HECM for Purchase HECM to Purchase Retirement Planning Reverse Mortgage Reverse to Purchase Mortgage Retirement income insecurity
Statistics show a large number of home buyers paying cash for homes. Is this the best strategy for retirees and older active adults? Many people, regardless of their age, have been having difficulty obtaining a mortgage. Once a mortgage
Mar 21, 2014 | FHA Government insured mortgage Reverse Mortgage Retirement Planning Reverse to Purchase Mortgage HECM Reverse Mortgage HECM to Purchase HECM for Purchase
With the constant struggle for everyone in this low interest rate environment we all have to work smarter, not harder to achieve our goals. This is especially true for retirees that no longer earn wages from employment and have to make due with incom
Jan 11, 2013 | Reverse Mortgage Retirement Planning Annuity supplemental retirement income Reverse to Purchase Mortgage Retirement income insecurity