fbpx

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

Read More >

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

Read More >

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

Read More >

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

Read More >

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

Read More >

How a Reverse Mortgage Loan Could Help Protect You and Your Home in Uncertain Times

Can you protect something? Maybe your home? Do you remember in 2008 what had happened before and after the housing market bubble? The market was going up, home values were increasing, and we had low unemployment rates before the bubble crashed.  Before the crash, when houses in larger cities went up for sale, a few … Continued

Read More >

Reverse Mortgage Loan Closing Costs

We often get asked what the closing costs for a reverse mortgage are.  We will be going over five different things to consider when looking into the closing costs with a reverse mortgage. Feel free to watch the video below or read the transcribed text below. If you’re interested in learning more, you can request … Continued

Read More >

A Reverse Mortgage Documentary Produced by Kirby Bradley

Kirby Bradley, an ESPN award-winning film producer, known for Real Sports with Bryant Gumbel and 30 for 30, has recently produced a short documentary on one of the most misunderstood retirement products available, a reverse mortgage loan.  This informative documentary covers true stories from families who used a reverse mortgage in a sensible, smart, and safe … Continued

Read More >

Three Buckets of Retirement Income

The Sacred Cow of Home Equity Many people feel that paying off their home and having no mortgage with lots of equity is the Holy Grail of retirement. Several people wait until their home is paid off before they retire and then feel they are safe to do so. The truth is that home equity … Continued

Read More >

Planning for Your Retirement With a Reverse Mortgage Loan

Planning your retirement can be a lot like preparing for your wedding day. Many thoughts are going through your mind. Do we have enough money to afford this? Is now really the right time? Am I ready to make this commitment? However, for most people that waited longer to retire or get married, they wished … Continued

Read More >