Archive for February 2014

Financial Advisors Provide Guidance to HECM Applicants

Reverse mortgages are gaining in popularity. Financial advisors have been noting this trend in recent years as cash-strapped retirees seek ways to keep pace with rising expenses and cope with the decreased value of their retirement savings which depreciated during the recession of 2009.
Reverse mortgages, also known as Home Equity Conversion Mortgages,  allow homeowners age [...]

What are Seniors Looking for in a Reverse Mortgage?

Following upheavals in the Reverse Mortgage industry of 2013, financial planners are beginning to re-examine the HECM loan as a component of a client’s financial situation. As these analysts offer their suggestions to retirees who are planning their financial strategies for their senior years they are increasingly advising the inclusion of a Reverse Mortgage loan. [...]

Assets into Income During Retirement Years

People have deep sentimental attachments to their homes, especially as they get older. As individuals age they may express concern about how they’ll be able to navigate living in their own home, both physically and financially. Retirement incomes have been falling over the last decade at a time when health care costs, property taxes and [...]

Reverse Mortgage Outline

There have been so many changes in the Reverse Mortgage loan lately that potential borrowers are more confused than ever. The Reverse Mortgage, sometimes referred to as a Home Equity Conversion Mortgage (HECM) – is still a popular financial fallback for retired senior homeowners who have equity in their homes. However, the new regulations, which [...]