Reverse Mortgages & parental down payment assistance [Download transcript] It’s both a demographic and social phenomena. More parents are supporting their adult children, in many instances keeping them financially afloat according to a recent article in The Financial Brand. Many reverse mortgage originators have seen their borrowers use a
Recently, a HECM client contacted ReverseFocus.com with a crucial question: is his new wife covered under HUD’s Non-Borrowing Spouse (NBS) provision if he passes away first? He’d saved this blog post that touched on the topic, explaining he hadn’t called sooner because he was trying to find someone local who
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?
The Baby Boomers are the largest group to grey as a collective in history: for the next two decades, 10,000 people a day will turn 65, according to the Pew Research Center. As reverse mortgage professionals who work with this population, you may wish to take note of what's transpiring
If you ever question the future market potential of the reverse mortgage, wonder no longer. A recent New York Times Editorial titled “Our ridiculous approach to retirement” paints a sobering reality. The vast majority of Americans have saved less than...