Reverse Mortgage for Purchase Details

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Reverse Mortgage for Purchase Details by Forbes The Home Equity Conversion Mortgage (HECM) for Purchase program was initially designed in such a way so that a previously more complicated process involving two mortgage transactions could be simplified, according to Dr. Wade Pfau, professor of retirement income at the American College of Financial Services, in a new piece at […]

Retirees Prefer to Live Somewhere Else

Nearly a Third of Retirees Would Prefer to Live Somewhere Else When asked directly if they would choose to live where they currently reside in retirement if given the option to choose again, nearly a third of respondents said “no” in a survey conducted primarily with people aged in their 70’s or above. The survey, […]

Retirees Save With Reverse Purchase

Retirees Save With Reverse Mortgage for Purchase : Forbes Column While many senior homeowners opt to relocate in retirement, they may be missing out on an opportunity to mitigate problems and best support their retirement, writes reverse mortgage proponent and financial advisor Jamie Hopkins in a Forbes column this week. Presenting the historical landscape for home equity growth […]

Seniors looking to downsize

 Seniors looking to downsize their homes may want to consider this reverse mortgage purchase option. Washington Post Real Estate By Benny L. Kass. Read story on Washington Post site The Home Equity Conversion Mortgage for Purchase allows you to buy a house using a reverse mortgage loan. Do you know that by 2060, the number of Americans […]

Relocation Leap

Relocation Leap. Reverse Mortgage Alabama brings you a great news piece for CNBC.com on Retirees should look carefully before leaping into a relocation by Deborah Nason CNBC.com @dnason CNBC.com Many people dream of fleeing to cheaper and warmer climates in their retirement. Advisors caution, however, to watch for unexpected financial and non-financial consequences. Taxes. The […]

Realtors and Reverse

Realtors and Reverse. Reverse Mortgage Alabama. Realtor Panel Presents “Power” of Reverse Mortgage for Purchase. Most realtors have tried this once and had a bad experience, we close in 30 days. Or haven’t realized that they can give their client more buying power and usually leave the client more money to use in retirement. The […]