Single Female Borrowers

Reverse Mortgage Originators See Opportunity with Single Female Borrowers Today personally I have seen grey divorce- this is where seniors decide the cant live together any longer and sometimes the judge order a Reverse Mortgage to help divide property. Another need I see quite a bit is when the couple was making and the man…

Bankruptcies Skyrocket Among Seniors Amid Soaring Health Costs The steady erosion of Medicare and Social Security benefits, the shift away from defined benefit pensions, and rising health care costs have all been blamed for seniors’ financial woes over the last decade. Now a group of researchers has the bankruptcy data to prove it. Since 1991,…

How to “Unplug” from Caregiving I have worked with more power of attorneys, conservator ships, in home care companies than I could count and I thought I was the expert. Then I was on the other side of the fence, and found out there is so much more than funding in home care. My mom…

Million in Retirement Savings Can Disappear in 11 Years I bring these articles to my blog to hep people understand that a Reverse Mortgage is not a last resort product buy any means. Now economists are trying to find ways to help people make it in to their golden years and even be able to…

Very Intellectual Client I received a call one day from a financial planner that he and his client were interviewing Reverse Mortgage experts for her Reverse Mortgage. I arrived and noticed a business card from the only person in the state that I consider as knowledgeable as myself. At that point I felt sunk, proceeded…

Most financial advisors are uninformed and misinformed when it comes to the importance of reverse mortgages, and it’s time for this to change. The Funding Longevity Task Force wants YOU… to know about reverse mortgages. Financial Planners and Elder Care attorneys are recommending Reverse Mortgages now because people are living longer. The 401k came out…

Expert Calls for Lower Costs on Reverse Mortgages Used in Retirement Plans Now that today’s Reverse Mortgage is so much safer than before, financial planners are recommending them as a safety net or as a long term care substitute. A leading expert on reverse mortgages called on the Department of Housing and Urban Development to…

Originating Reverse Mortgages is often a heart wrenching reality. I think back on the people that I have helped over the years in my Reverse Mortgage experience. Some of the people stand out to me more than others for various reasons. I was just remembering a lovely lady that really made me cry when she…

Lifestyle Senior Mortgages There exists a propensity to look at reverse mortgages as only necessary for indebted seniors, but they are also a great way for savvy, well-heeled seniors to buoy their investment portfolios. “The one thing I disagree with is it’s not only a mortgage designed for people to pay off debt,” said Darlene…

Curbing HUD losses on HECM reverse mortgages: Further thoughts by The Mortgage Professor: Facebook TwiEmPriSIn a previous column, I noted that large losses on HECM reverse mortgages could be attributed to adverse selection. The program attracts too many borrowers in desperate financial condition and too few borrowers with options. I argued that HUD, instead of…