national news stories
A HECM saves your retirement
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…
Read MoreHow a Reverse Mortgage works
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…
Read MoreMight be right time
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…
Read MoreWant financial security?
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),…
Read MoreReverse Mortgage Image
Reverse mortgages have an image problem story in Investment News written by Mary Beth Franklin. A rose by any other name may smell just as sweet, but when it comes to a home equity loan, one that is labeled “reverse mortgage” just plain stinks. That’s the conclusion of new research released Wednesday by the National…
Read MoreHow to Get a Reverse Mortgage
How to Get a Reverse Mortgage. Reverse Mortgage Alabama brings you the facts on several steps to invloved in the Reverse Mortgage process. I usually meet with you in person , close in 30 days, so its really not much work at all on your part. Story below I found on by Nerd Wallet and The…
Read MoreMortgage Facts
Mortgage Facts. USA Today has 13 mortgage facts that might surprise youSelena Maranjian, The Motley Fool Nebraska is the rated highest among states for housing affordability. Vermont offers a good employment landscape for under-35 home buyers. Newslook These nuggets of knowledge are not only interesting, but they can save you many thousands of dollars, too,…
Read MoreScam Prevention
Scam Prevention. FDIC Issues Updates to Elder Scam-Prevention Program The government has always considered seniors a protected class, making sure they don’t get scammed and I am a big proponent of that myself. I have told my clients before to go put this money in a new bank you have never been to before because…
Read MoreSenior Student Debt
Senior Student Debt. NAR: Older Buyers Move Near Family, Still Have Student Debt. The only reason this caught my eye is because I have worked with Reverse Mortgage clients here in Alabama that still had student loan debt. The National Association of Realtors issued the most recent edition of its exhaustive Home Buyer and Seller…
Read MoreReverse Mortgage Fees
Reverse Mortgage Fees. What Are the Fees to Get a Reverse Mortgage? By NERDWALLETYou can trust that we maintain strict editorial integrity in our writing and assessments; however, we receive compensation when you click on links to products from our partners and get approved. Here’s how we make money.A reverse mortgage is a special type…
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