Archive for January 2012

Terms and Conditions for HECM Loans

One of the most important steps that a borrower can do when considering an application for a Home Equity Conversion Mortgage (HECM — also known as a “Reverse Mortgage“) is to shop around for the lender who will offer the best terms and conditions for the loan.
HECM loans are insured by the Federal Housing Administration [...]

Considering Reverse Mortgage Finances

Fluctuations in the economy and a depressed housing market are forcing increasing numbers of people to look for creative ways to navigate these times of financial uncertainty. A growing number of senior citizens are investigating the options that a Reverse Mortgage can offer.
Reverse Mortgages, also called Home Equity Conversion Mortgages (HECM) are federally insured mortgages [...]

Reverse Mortgage Opportunities 2012

Economic consultants are advising consumers that the 2012 housing market is showing indications that it is climbing out of its plunge of the 21st century’s first decade. This means that the economic climate offers good opportunities for people who want to apply for a mortgage. This advice includes Home Equity Conversion Mortgages (HECM) options, also [...]

Reverse Mortgage and Planning for the Future

Parent-care can throw a family’s carefully-planned finances into a tailspin. Adult children who thought that their parents had the resources to manage the Golden Years of their lives suddenly find that they must step up to cover their parents’ needs. When parents are living in their own home but need extra help, supervision and nursing [...]