“It’s ironic that the biggest source of wealth is locked up in bricks & mortar…” While more financial professionals are embracing the HECM, ironically our cousins across the pond seem to better grasp the concept of home equity management and its role in funding retirement. Is today’s choice of retirement
What will it take for our industry to bounce back? Despite the increasing need of retirees whose largest asset is typically their home, our industry volume continues to languish. Is it because our market is dysfunctional as the Mortgage Professor opined due to fear, confusion, and ambiguity? It is the
[vimeo id=”164647027″ width=”625″ height=”352″] The Financial Planning “Establishment” Still Reluctant About HECMs To use a political analogy, reverse mortgages are the anti-establishment candidate. Long viewed as a loan of last resort, criticized for high costs and maligned by many consumer groups as being fraught with pitfalls the new reverse mortgage
[vimeo id=”135707923″ width=”625″ height=”352″] Reverse Mortgages hold advantages for the ‘mass-affluent’ Reverse mortgages can be a valid retirement planning tool for those in need of cash but also for those who are financially well off. Last Monday the Huffington Post published “Is a Reverse Mortgage a Lucrative Option with your
If there is one analogy I wish I could tell every financial professional it would be this: If you were a doctor and knew your patient would die in 10 years and didn’t tell them about a treatment that would prolong their life or possibly cure them would that be
One well recognized mortgage expert, The Mortgage Professor: Jack Guttentag. He advocates taking a reverse mortgage now rather than waiting...
FINRA has removed a statement from their published investor alert that a reverse mortgage should be used as a product of “last resort.” FINRA is a self-regulatory organization...
FOR IMMEDIATE RELEASE Security One Lending Releases Financial Adviser Portal www.FundingLongevity.com to be an educational portal for Retirement Planning Professionals San Diego, Calif., June 3, 2013—Security One Lending (S1L), a division of Reverse Mortgage Solutions, Inc. (RMS) announced today that it has built and released an educational portal that allows