Search Results for: reverse mortgages

Poor 401(k) Performance Causes Increase in Reverse Mortgages Issued

Let’s face it. The current economic atmosphere is almost absent of 401(k) gains. The massive losses taken in the 401(k) arena is leaving senior homeowners struggling financially. Home Equity Conversion Mortgages, or HECMs, have been around for over 20 years. … Continue reading

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Reverse Mortgages in California, Florida, and Arizona

Now that homes are upside down in the states of California, Florida, and Arizona, the regions hit hardest by the economic collapse, seniors are looking for ways to supplement their income to keep their home and memories.  Seniors that took … Continue reading

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Caregivers Can Be Helped By Reverse Mortgages

A study by the National Alliance for Caregiving and the AARP showed that nearly one third of the US population are caregivers, defined as providing unpaid care to an adult or a child with special needs. These caregivers spend an … Continue reading

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RMG NEWS : Reverse Mortgages Face The Music

In the last fiscal year, mortgage lenders funded 114,692 reverse mortgages under the FHA’s HECM program. Five years ago just 43,000 of reverse mortgage loans were written. Until a year ago, the reverse mortgage niche looked like a safe bet … Continue reading

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Reverse Mortgages and the Softening Housing Market

Well there’s no doubt that the United States’ housing market is softening. And although prices may not continue to drop, and some markets may remain relatively strong, as a whole, the robust gains in real estate value across the country … Continue reading

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Reverse Mortgages and Small Business Cash Flow

Getting credit approval is extremely difficult, even for small business owners. The strenuous lending requirements that the banks are enforcing have made it difficult to get any type of loan. Continue reading

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Reverse Mortgages: CMT vs HECM

Recently the Reverse Mortgage market has added a new index to the available options. You now have a choice of the index for your loan. Continue reading

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What should I know about reverse mortgages if I've never done one before?

A reverse mortgage loan is a special type of mortgage loan for seniors (generally age 62 and older) that pays a homeowner loan proceeds drawn from accumulated home equity. Continue reading

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Reverse Mortgages

What You Need to Know About Reverse Mortgages The Basics of a Reverse Mortgage Reverse mortgage loans enable seniors to convert their home’s equity into tax-free cash, all while retaining the occupancy and ownership of their home. Unlike a traditional … Continue reading

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How many reverse mortgages or reverse mortgage products are available? And what are the differences between them?

There are three different reverse mortgages available on the market today Continue reading

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