reverse mortgage Archives | Page 9 of 10 | Reverse Mortgage Alabama

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…

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…

Exploring Home Equity Amid Stock Market Uncertainty. The recent volatility in the stock market has brought stress and uncertainly to many retirees and investors. So far, the roller coaster ride has yet to significantly impact the reverse mortgage industry, loan originators said, but that could change if stocks continue to lose value. As companies were…

Top 3 Excuses From Siblings Who Don’t Help With Care giving Unfair as it may seem, even in families of many adult children, one sibling us-ually becomes the primary caregiver for their aging parents. In many families, such as mine, this person is the one who lives the closest to the parents and/or is most…

Need for long term care plan Very few families are prepared for the challenge of long term care for a loved one. This is because very few families plan for the contingency of needing long term care. The seniors themselves typically ignore the need for planning and the children or grandchildren are tied up in…

New Rules Improve the HECM for Purchase, But Challenges Remain New Rules Improve the HECM for Purchase, But Challenges Remain. Recent changes to the reverse mortgage program that reduced lending limits and amended ongoing insurance premiums have many originators expecting a slump in business. But some say the Home Equity Conversion Mortgage for Purchase is…

Reverse Mortgage Borrowers’ Children Talk about it’s Successes While reverse mortgage loan originators frequently receive feedback from their clients and the family members, and adult children; it’s not often that borrowers’ adult children weigh in publicly about their experiences. During the National Reverse Mortgage Lenders Association’s annual conference last month in San Francisco, several children of reverse mortgage…

A welcome change of course from the Trump administration from Washington Post Virginia Rayford, 92, is facing foreclosure on her Washington home. (Salwan Georges/The Washington Post) By Editorial Board September 5 at 6:59 PM THERE ARE many good reasons for the federal government to intervene in the economy, but diverting resources from less affluent first-time home buyers…

Reverse Mortgage Qualification. Here’s what you need to qualify for a reverse mortgage. What to expect when applying for a home equity conversion mortgage. Home equity conversion mortgages, more commonly known as reverse mortgages, are another avenue for homeowners to add to their financial assets and retirement plans. Reverse mortgages give older homeowners another source…

Why a reverse mortgage might be a good idea for some older homeowners by Liz Weston. Los Angeles Times. Dear Liz: I recently retired to a small house I bought 30 years ago. I refinanced four times to get the rate down from 11% to 3.5%. This provided me with a low monthly mortgage (just…