There’s been much media buzz about ‘AI’ or Artificial Intelligence but where can it be used in the reverse mortgage industry?
Continue readingThe 6 fastest ways to cash out your home equity
Australians are flocking to reverse mortgages
After two years of engagement and feedback from HECM lenders, servicers, consumer advocates, and other housing industry participants the Federal Housing Administration (FHA) released its updated handbook which consolidates HECM policies.
Continue readingFHA Commissioner says the agency is fully committed to the HECM program
FHA Commissioner Julia Gordon reaffirmed the agency’s commitment to the HECM program in her keynote address to the National Reverse Mortgage Lenders Association (NRMLA) Annual Meeting in Nashville, Tenn last week.
Continue readingWhy I reversed my thoughts on reverse mortgages
One Canadian financial commentator recounts her journey from a reverse mortgage skeptic to one who embraced the loan as a viable…
Continue readingWhat does aging in place really mean?
People toss around the phrase ‘aging in place’ but what does it really mean?
Continue readingA Ramsey Solutions caller asks if she should use a reverse mortgage to buy a rental
One caller to the Ramsey Solutions Show asked if she should get a reverse mortgage on her primary residence for the purpose of using the loan proceeds to purchase a rental property to generate monthly income. Here’s what the show’s hosts had to say
Continue readingWhy your home would be a terrible inheritance for your heirs
Finance of America Reverse President Kristen Sieffert penned a guest column in Kiplinger.com that exposes the problems in bequeathing a house to heirs and the unanticipated problems that can follow.
Continue readingThis surprise expense is likely to upend retirees budgets
Recent research from T-Rowe Price shows this expense is most likely to upend retirees’ budgets. Hint: it’s not healthcare…
Continue readingThe U.S. Housing Market is Caught in a Trap!
The data is in and it reveals that the U.S. housing market is caught in a trap of record-low inventory and high mortgage rates. What does this mean for future reverse mortgage borrowers?
Continue readingWhen a reverse mortgage may be a scam
There are times when homeowners should run the other way- or simply hang up the phone if they encounter any of the following when being presented with a reverse mortgage.Â
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