“Refusal to believe until proof is given is a rational position; denial of all outside our own limited experience is absurd.” These words ring no truer than when it comes to those who embrace or reject the federal-insured reverse mortgage.
Continue readingCFPB Releases New Consumer Reverse Mortgage Guide
It was only two short years ago that the CFPB or the Consumer Financial Protection Bureau issued it’s first report to congress on the Home Equity Conversion Mortgage or reverse mortgage program. In this week’s segment we will examine what questions this guide addresses as well as the questions it raises…
Continue readingThe Window to Your World
Are those who suffer under a cloud of negativity particularly unique or face challenges the rest of us avoid. Not particularly. Their ‘window’ has simply become smudged over the years and is due for a cleaning…
Continue readingHack Your Way to A Fabulous Day
Genius Awakening suggests that reverse mortgage experts who want to build enduring business relationships and enjoy ongoing success do the following…
Continue readingWhat Retirees Really Worry About Most
Retirees looking to retire monthly mortgage payments, increase cash flow or travel during their golden years while their health is good. The question is are we missing out on touching on a more important motivation for potential reverse mortgage borrowers?
Continue readingBreaking the Pattern
Have you ever stopped and really looked at your life? How you spend your mornings, your work day and evenings at home with your loved ones?
Continue readingSimple Suggestions to Dispel Senior Doldrums
If a reverse mortgage client or prospect — or any older friend — is feeling blue, consider printing out these ten suggestions and offering them, along with warmth and support, as possible mood elevators…
Continue readingThe Cost of Change
With August HECM endorsements hitting a nine year low of 3,200 plus loans many are beginning to ponder the long term effects of HUD’s recent spate of changes to the federally-insured reverse mortgage program. August’s numbers show the lowest monthly volume of endorsements and three trailing months since June 2005 when only 3,139 HECMs were endorsed…
Continue readingThe Benefits of Failure
5 reasons why failure is not a bad thing, in fact beneficial! The Oxford Dictionary defines failure as…
Continue readingEstate Planning / Part 2: Avoiding Financial Regrets
One of the most touted benefits of a reverse mortgage is the peace of mind that comes from knowing that as a senior ages, they’ll have the funds they need to remain in their beloved home, pay the property taxes and upkeep, and still have enough left over to be able to afford necessities and niceties such as food, utilities, clothing, and whatever forms of entertainment they most enjoy.
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