Archive for October 2014

Reverse Mortgage Counseling Saves Senior Americans Significant Sums

Reverse Mortgage counseling agencies are expanding their activities as Reverse Mortgages become gain in strength in the mortgage industry. Following numerous changes which have been introduced over the past 2 years, counseling agencies are reporting seeing a rising number of counseling sessions this year.
According to a recent study for NeighborWorks America by the Urban Institute, [...]

The New Reverse Mortgage

New Reverse Mortgage applicants are encountering a new term when they go to speak to their loan representative – the “New Reverse Mortgage.” Consumers are tired about hearing products referred to as the “new this-or-that” every time a small change is made, but in the case of the Reverse Mortgage, the term is accurate – [...]

HECM for Purchase: A Convenient Option for Senior Home-Buyers

New home buyers are generally believed to be young couples just starting out but statistics show that most new home buyers have been homeowners before. Some buyers want to move to a different neighborhood, buy a larger house or need to relocate due to their job. Others, mainly seniors, have other reasons for moving. Some [...]

Seniors can Use their House as Retirement Income

If you had the option to continue to improve your quality of life after you stop working while living on your retirement income, would you do it?
Reverse Mortgages aren’t the answer for everyone but increasing numbers of senior Americans are finding that they can fund their retirement by using the equity that they have in [...]