A new guide from the Consumer Financial Protection Bureau explains your rights and responsibilities as a reverse mortgage borrower.
You Have a Reverse Mortgage: Know Your Rights and Responsibilities
Category: Reverse Mortgage
What is a reverse mortgage and how can it help you make ends meet?
Fortune published a balanced and informative article on reverse mortgages that examined how they work, key differences between HECMs and proprietary loans, and the pros and cons of getting…
Opinion: Reverse mortgages can offer senior homeowners a financial lifeline with both stocks and bonds sinking
Most people think of reverse mortgages as the last-gasp attempt to stay in your house when you’ve run out of money in retirement. But even before they get…
Kiplinger: Worried About Inflation? A Reverse Mortgage Can Generate Cash
Kiplinger conducted a survey that found more than 70% of individuals age 50 and older are concerned that inflation will cause serious economic hardship during their retirement. In…
Syndicated Columnist Recommends Reverse Mortgage Over HELOC
Washington Post nationally syndicated personal finance columnist Michelle Singletary recommended to one of her readers this week that she consider a reverse mortgage to help finance home improvements. The…
Here’s what you need to know about reverse mortgages
With the stock market getting volatile but the housing market still hot, reverse mortgages have become a more attractive tool for older Americans who need cash for retirement…
Turning a Reverse Mortgage into a Retirement Investment Tool
Most people think of reverse mortgages as just a standalone loan. But some financial experts are seeing them as an investment strategy that lets people stay in their…
A reverse mortgage as a financial planning tool
CPA and financial investigator, Joshua Wiesenfeld recently wrote an article for the AICPA that encourages his fellow CPAs to look at reverse mortgages as part of a larger…
Should you tap into your home equity to fund your retirement?
If you’re in good shape with your home mortgage —meaning it’s mostly or fully paid off — it might make sense to tap into your home equity to…
How To Sell A Home That Has A Reverse Mortgage
Contributing Forbes Editors, Casey Bond and Rachel Witkowski, recently provided some solid advice about selling a home that has a reverse mortgage. A reverse mortgage can allow you…
How Individuals on Social Security Disability Benefits Can Qualify for a Reverse Mortgage
If you are receiving Social Security disability benefits and you thought that you’d never be able to get a reverse mortgage, you should know that disability benefits don’t…
Retirees, Make the Most of Your Home Equity
Here’s a snip-it from an article by Patricia Mertz Esswin, a contributing writer with Kiplinger, about the various options available to retirees for tapping into the equity in…
What Is a Proprietary Reverse Mortgage?
A proprietary reverse mortgage is a loan that allows senior homeowners to access the equity in their homes through a private lender. They are not as tightly-regulated as home…
Best Home Modifications For Aging In Place and How to Finance Them
Here’s are several excerpts from an article by Jeanne Lee that appeared in Bankrate.com. Most Americans over age 50 prefer to remain in their current home and community…
How Homeowners Can Use Reverse Mortgages for Retirement Income
Stephen Resch, a vice-president of retirement strategies at a reverse-mortgage lender recently wrote an article that appeared in MarketWatch. When seeking additional retirement income, some retirees may seek to…
Does Medicare Pay For Long-Term Care? Don’t Make A Big Mistake!
Most people don’t realize that Medicare doesn’t cover long-term care, even though a person turning 65 today has almost a 70 percent chance of needing help as they…
4 Helpful Guides For Consumers Considering a Reverse Mortgage
Reverse mortgages are a versatile financial tool that over 1.2 million homeowners have used to enhance their retirement years. However, like any financial product, reverse mortgages should be…
Propriety Reverse Mortgage Products Could Eclipse FHA’s HECM Program in 2019
Here are several excerpts from a recent article that appeared in Forbes online by Jamie Hopkins, the Director of Retirement Research at Carson Wealth: The reverse mortgage market…