Suze Orman says not to get a reverse mortgage in your 60s. Is that truly the best advice?
Continue readingSuze Orman says don’t take a reverse mortgage in your 60s
Inflation is back! What retirees can expect
What you thought you could live on in retirement may cost quite a bit more thanks to inflation…
Continue readingAdvisor lists five ways to measure a reverse mortgage’s effectiveness
There are five key metrics that a prospective borrower should likely keep in mind before making a decision about whether or not to proceed with a reverse mortgage. So says Financial advisor Robert Klein in Reverse Mortgage Daily’s summary of his recent video on The Street.
Continue readingThe HECM’s 2021 performance likely best 2020
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EPISODE #695
It’s less about preserving equity and more about cash flow
With millions of first-time homebuyers finding few suitable housing options and tenants enduring the ravages of rent hikes, some are sitting on a mountain of home equity whilst needing a significant boost to their monthly cash flow.
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HECM is an important part of HUD providing housing stability- MMI fund may show marked improvement
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How To Avoid Reverse Mortgage Lending Traps
Few worried about a housing bubble- just like last time
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EPISODE #694
CNN Business: No one seems worried about a housing bubble. Just like last time the bubble burst
Good news. Few economists, if any, believe that the housing market will crash. The bad news most experts believed the same in the months and years leading up to the 2008 housing market crash.
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If You Get This Message About Your Mortgage, Contact Authorities, FBI Says
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Another lender is offering a reverse mortgage for Generation X
How to tap into your home’s value safely
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EPISODE #693
Consumer Reports: How to tap into your home’s value safely
Consumer Reports outline several ways a homeowner may tap into their home’s equity safely. Only one choice doesn’t require monthly mortgage payments. .
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Reverse Market Insight’s Market Minute
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Zillow exits homebuying – Home price growth will slow dramatically in 2022 says Core Logic
More demand for guaranteed retirement income
A recent survey reveals that 78%of advisors report that predictable income is more important to clients than earnings and returns…
Continue reading5 Cities where Sellers are Reducing Prices
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EPISODE #691
Sellers are reducing prices in these cities
A number of home sellers are reducing their asking prices. The locations of price reductions may surprise you…
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80% Of Seniors Are Not Selling Their Homes
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HUD solicits input on LIBOR transition
MSN: 9 Reverse Mortgage ‘Scams’
MSN: Because reverse mortgages can be a ready source of cash, fraudsters might encourage seniors to apply by making misleading claims or committing outright fraud. Some pitches include:
Continue readingThe Appraisal Crunch
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EPISODE #689
The Appraisal Crunch
Both reverse and traditional mortgage originators are feeling the crunch of appraisal turnaround times. RMD explains why and what HECM professionals have to say.
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The RMI Reverse Market Minute update
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Us Existing-Home Sales Fell For The First Time In Over A Year, Price Growth Slows
