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Debunking Reverse Mortgage Myths: Get the Facts

Debunking common myths around reverse mortgages. When reverse mortgage loans were first introduced in the early 1960s, they did not have any government programs backing it. Today, most, but not all, reverse mortgages are insured through the Federal Housing Administration (FHA)’s Home Equity Conversion Mortgage (HECM) Program. In recent years, the FHA and U.S. Department … Continued

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What Is A Reverse Mortgage Loan?

what is a reverse mortgage

Learn how a reverse mortgage works so you can decide if it is the right choice for you. What is a reverse mortgage loan? A reverse mortgage is a loan that allows homeowners 62 and older to convert a portion of their home equity into cash and defer repayment until they pass away, sell the … Continued

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The Top Three Tax Benefits Of Reverse Mortgage Loans*

A Reverse Mortgage Loan Converts Your Home Equity Into Cash, And For Many People, It’s A Life-Changing Influx Of Money. So You May Find It Surprising That There Are Many Tax Benefits To These Loans* — And Here Are The Top Three. Reverse Mortgage Loan Proceeds Are Tax Free Money* No matter how big, and … Continued

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Reverse Mortgage Ownership and Title

One thing to consider with all mortgages, including the reverse mortgage loan, is how ownership of the property is structured.  In most instances, the property title is held either fee simple or joint ownership traditionally.  However, occasionally the homeownership can be in a trust. There are only two types of trusts – revocable and irrevocable. … Continued

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The Reverse Mortgage Loan Line Of Credit

With a reverse mortgage loan, the clients of financial planners can access the home equity that they have built over the years but can’t monetize. While home equity is certainly good, it isn’t necessarily the best form of wealth for everyone.

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Today's Reverse Mortgage Loans Are an Appealing Opportunity

“HECMs” Are Highly Regulated for Consumer Protections Did you know that reverse mortgage loans now have extremely strong consumer protections, including federal insurance?  “HECM” stands for Home Equity Conversion Mortgage, and it’s the most popular form of reverse mortgage—for good reason. It’s so popular that many people use “HECM” interchangeably with the term “reverse mortgage.” … Continued

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Why A Reverse Mortgage Loan Is Really Just Cashflow

reverse mortgage and cashflow

If you ask people what they think about reverse mortgage loans, chances are you will get some pretty strong opinions. But these days, the most popular reverse mortgage loans (called HECM loans) are federally insured and 100% reliable.

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Why Your Clients Shouldn’t Wait to Plan for Long-Term Care

financial advisor long term care planning for clients

There is and likely will always be a debate between what’s better, “optimistic” or “realistic” thinking. When it comes to retirement and aging, it’s beneficial to have both mindsets. To look forward to the enjoyment of the golden years while recognizing the need to plan ahead for rainy days. This is essentially the goal of … Continued

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The Top 5 Reverse Mortgage Loan Advantages For Finance

With a reverse mortgage loan, the clients of financial planners can access the home equity that they have built over the years but can’t monetize. While home equity is certainly good, it isn’t necessarily the best form of wealth for everyone.

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Top Four Reasons Why Reverse Mortgage Loans Should Be In Your Financial Planning Toolkit

For financial planners, risk mitigation is essential. So even if a new product category presents significant potential for benefits, it will not be recommended to clients if there are too many unknowns.

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