When must a reverse mortgage be paid off? Can the loan be paid off early? What are the typical payoff options?
Continue readingHow do you pay back a (HECM) reverse mortgage?
How the Fed’s rate hike pause will impact the HECM
How the Fed’s rate hike pause will impact the HECM
Continue readingTightening mortgage credit may boost HECM
There’s a reason why fewer potential homebuyers and those seeking to tap into their home’s equity may no longer qualify: increasing mortgage interest rates and stubbornly high home prices. Will this make reverse mortgages more appealing?
Continue readingThe hidden cost of incomplete financial advice
There’s always a cost to be exacted for the financial advice older homeowners choose to follow…
Continue readingA summer of love? This summer’s HECM forecast
Will we see a ‘summer of love’ in HECM endorsements? Here’s what the data tells us…
Continue readingManaging debt in retirement
The Yakima Herald-Republic reports that 31% of Americans 60 and older say they have more debt than they can manage…
Continue readingDon’t blame the HECM sandwich!
Dan Hultquist explains why lawmakers, the media, and others should stop blaming the HECM ‘sandwich’.
Continue readingThe signs that housing prices will drop in your city
MarketWatch spoke with Doug Duncan, senior vice president and chief economist at Fannie Mae in a video interview…
Continue readingWhy my father got a reverse mortgage
Reverse mortgage originator George Broutis recounts what led his father to get a reverse mortgage.
Continue readingBoomers and the refi boom reckoning
With housing inventories already strained half of homeowners with a mortgage in America report they have little or no financial incentive to sell their home…
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