The HECM Reverse Mortgage has many ways people use it today. Consumer Eliminate current mortgage and payment. Eliminate HELOC that is due and payable in 10 years Use for medical expenses or in-home care Update or make repairs on your home Bankers I can help when a retiree comes in with a HELOC that needs […]
Purchase Lead Generator
Marketing the HECM for Purchase as a Lead Generator for Realtors Using a reverse mortgage to buy a home remains one of the white whales of the industry: Long touted as a potential way to boost loan originations and home sales alike, uptake has never quite met the lofty expectations for the product. But that […]
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 […]
Senior 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 […]
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 […]
