Archive for May 2014

Who Takes Out Reverse Mortgages?

If you think that reverse mortgages are only for cash-strapped seniors without any other financial options, think again. Reverse mortgage features have been evolving over the years. Research now suggests that the Reverse Mortgage loan is actually most helpful for retirees who want to find a strategy that will allow them to manage a dependable [...]

Five Important Things to Know When You’re Checking Out a Reverse Mortgage

Reverse mortgages have gained a bad reputation over the years but experts say that acquiring a Reverse Mortgage can be a good financial move for a certain segment of the market.
Susan Tiffany, director, consumer periodicals at the Credit Union National Association says “they do make sense for people who have no other alternatives. What happens [...]

Reverse Mortgages 2014 – Are they Really More Difficult to Obtain?

You might have heard that tighter rules on Reverse Mortgages have recently gone into effect. You may be wondering whether those regulations have made it harder to get a Reverse Mortgage.
The reason that Congress mandated these changes was because they wanted strengthen the Home Equity Conversion Mortgage (HECM) product, which was suffering from a struggling [...]

Does Someone In Your Family Want to Take out A Reverse Mortgage? What You Need to Know

If someone in your family is thinking about taking out a Reverse Mortgage, they may not be completely clear about the loan requirements, obligations and benefits. You can help protect them by learning everything that you can about the Reverse Mortgage loan as you guide them through their decision-making process.
First of all, remember that not [...]