Reasons seniors choose HECM for Purchase

Inside the Reasons Why Seniors Choose the HECM for Purchase Lifestyle, ease of upkeep, and proximity to family are main criteria for seniors who choose a Home Equity Conversion Mortgage for Purchase loan, many originators agreed. Christina Harmes, assistant manager for C2 Reverse in San Diego, said she has clients looking to upsize, downsize, move…

Reverse Mortgages Help Curb Retirement Risk for Divorced Women Reverse mortgages have been increasingly pitched as a way to stave off the effects of so-called “gray divorce,” and a new research brief shows just how a split can put both parties’ retirement futures at risk — and how home equity benefits one demographic in particular.…

How to Safely Pick a Senior Loved One (or Yourself) Up After Falling Falls are a common occurrence for seniors, and, as many caregivers know, they can be very frightening. Once the initial shock wears off, family members are often left wondering how to get an aging loved one back on their feet. The answer to…

How to Stop Caregivers Engaging in Unhealthy Behaviors to Relieve Stress I have much personal experience in this field, so first of hats off to the other part and additional caregiver. It is stressful and demanding. I bring these articles to help all of us that can live for years on wits end, because I work…

Retirement Expert Joins Call for Broker-Dealers to Lift Reverse Mortgage Band For the last several years, the reverse mortgage industry has worked hard to build connections with financial retirement experts and educate them about the important role housing wealth can play in retirement income planning. But many reverse professionals say they often hit a roadblock…

Finance Professor Urges Retirees Not to Ignore Reverse Mortgages Early in his new book on retirement strategies, financial planner and professor Jamie Hopkins introduces the idea of reverse mortgages as a potential part of long-term retirement planning — and he quickly anticipates the potential backlash. “Let me preface this by pleading with you to continue…

Could a Reverse Mortgage (HECM) Save Your Retirement? Now It Counts-Home section. A HECM saves your retirement if you’re a homeowner age 62 or older, have paid down all or a considerable amount of your mortgage, and currently living in the home, you may participate in FHA’s Home Equity Conversion Mortgage (HECM) program. HECM is…

What is a reverse mortgage and tell me how it works? Most people really have no idea how a Reverse Mortgage works. DENVER NEWS– Retirees often rely on savings, investments and Social Security to get by during the later years of life, but there’s another option that can help: The reverse mortgage. A reverse mortgage is a particular…

Senators Raise Questions About Reverse Mortgages and Trump Budget. If you have been waiting on a reverse mortgage, now might be the right time. A pair of senators from opposite sides of the aisle on Wednesday sent a joint letter to the Department of Housing and Urban Development, seeking clarification about a proposed change to…

Want financial security? Home equity and retirement accounts are key, by Robert Powell, CNBC, USA Today It might seem obvious, even simplistic. But having home equity and retirement accounts are key to most families’ financial assets and — by extension — retirement security. According to new research from the nonpartisan Employee Benefit Research Institute (EBRI),…