It is 2014 and more than 10,000 Baby Boomers are retiring each day! And its no surprise that they are focusing on their housing options. A new AARP survey, shows that 85%…
The United States today faces a retirement funds crisis: a rapidly growing number of persons who are retiring without the financial capacity to support themselves during ever-increasing life spans. The…
Experts say that while previously risky reverse mortgages evolved to become a good financial tool for the retired; Government funds get praised for someone looking for a relatively low-risk investment. What are…
Top 20 reasons to get a reverse mortgage The Reverse Mortgage program has garnered a lot of negative attention over the years as being a expensive, equity stripping product that…
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In todays lending environment, qualifying for a mortgage can be extremely difficult, even for the most savvy, financially sound borrowers, but, borrowers who struggle to document a lot of income are…
What is the role of the BBB in the reverse mortgage space? The Better Business Bureau (BBB) is an organization that is known and highly respected by consumers as a…
Can I get a AARP reverse mortgage? AARP is a nonprofit, nonpartisan membership organization for people age 50 and over. AARP is dedicated to enhancing quality of life for all…
The Urban Financial jumbo reverse mortgage. Urban Financial jumbo reverse mortgage product is designed to help senior homeowners that previously could not qualify for the program. Introducing a new reverse mortgage program that allows…
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Reverse Mortgage Frequently Asked Questions How Much does a Reverse Mortgage Cost? Depending on your loan amount, costs can range from as little as nothing( Lenders can provide a credit…
When used with wisdom, reverse mortgages are beneficial to retired elderly adults. Instead of having to sell one’s coveted home, the reverse mortgages enables seniors to take out money based…
What is a Reverse Mortgage Calculator? A reverse mortgage calculator is a tool used by homeowners to determine eligibility as well as to calculate the amount of equity they can receive…
HUD Reverse Mortgage frequently asked questions The Home Equity Conversion Mortgage (HECM) is FHA’s reverse mortgage program, which enables you to withdraw some of the equity in your home. The…
HUD has a long history of helping our nation’s seniors find quality, affordable housing. With the help of initiatives like our Section 202 housing and Assisted Living Conversion Programs (ALCP),…
New reverse mortgage program changes on June 27, 2014 to the Home Equity Conversion Mortgage(HECM), as it is affectionately known, have swung the direction of who now qualifies for a…
As of August 4th, 2014 , new changes to the HUD Insured Reverse Mortgage will go into effect to allow reverse mortgage surviving spouses to remain in their homes without…
The Department of Housing and Urban Development today issued a mortgagee letter outlining changes to its reverse mortgage regulations and requirements that will protect non-borrowing spouses for new case number…
The Reverse Mortgage industry has always looked to one organization as the effective leader and pioneer of education and information as it applies to Senior Homeowners, Mortgage Brokers, Mortgage Bankers…
Reverse mortgage solutions are not universal and are utilized by senior homeowners for different reasons. Obviously, with the complexity of different financial needs and wants, a solutions vary. As with any financial decision, consulting…
A reverse mortgage benefit calculator is a great tool to find out how much money you can expect to receive from a HECM loan. To calculate the exact amount of…
The U.S Department of Housing and Urban Development has made several changes to the Home Equity Conversion Mortgage(HECM) with regards to the new Principal Limit Factors(PLFs). HECM Principal Limit Factors (PLFs) provide…