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
Continue readingProperty Tax Relief Available in California
Mexico’s Center for Economic and Budgetary Research analysis reveals the market potential for reverse mortgages and how the loan is presently structured. Learn more…
Continue readingThe 10-year CMT Index is forecast to drop in 2024
The Statista Research Department, who correctly forecasted August’s 10-year Constant Maturity Treasury Rate, released their latest forecast for the 10-year CMT to fall to..
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