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
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Nationwide reverse mortgage lender loan production for Home Equity Conversion Mortgages (HECMs) endorsed by FHA in the month of September 2023.
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Here are the five signs of an impending recession, 4 which we’ve already seen.
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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.
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The curse of money printing has put pressure on the 10-year CMT and consumer interest rates…
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Borrower behavior before and after the loan can lead to these 5 avoidable mistakes
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Recent research from T-Rowe Price shows this expense is most likely to upend retirees’ budgets. Hint: it’s not healthcare…
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There are some big problems of being house-rich that most homeowners are unaware of. Here they are…
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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?
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CBS MoneyWatch says these are reverse mortgage red flags to watch for- but are they?
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