Are HECMs the Ultimate HELOC Alternative?
Future access to a HELOC is NOT guaranteed. What about a HECM?
HELOC
HELOC loan volume surges- can they compete with a HECM?
HELOC loans surged 41% from Q2 2021- Q2 2022. Can a home equity line of credit compete with a reverse mortgage?
RMI HECM Market Update
Reverse Market Insight's Jon McCue brings us the latest HECM origination trends for...
Don’t Be Deceived- Let Not Your Heart Be Troubled
Do not be deceived. Let not your heart be troubled Do not be deceived. Not so much by disinformation by incomplete information. Last month’s (April) endorsement data is one example. Another is media financial pundits who have long dismissed the concept of one’s home being a retirement asset…
BREAKING: Exclusive interview with Martin Andelman
Media pundits tout HELOCs- a bad idea? The impact of the coronavirus on home values This week we had the chance to connect with Martin Andelman for his perspectives on the use of HELOCs by older homeowners, how the coronavirus will impact the housing market, and other financial matters.
Where Others Fail, The HECM Delivers
As other lending options fail, the HECM delivers solutions A banker lends you his umbrella when it is sunny and wants it back when it rains. So says the well known joke about the sad state of consumer lending. “After the recession, our clients called, telling us that their banks
The HELOC to HECM Dilemma
With the recent release of HUD’s Financial Assessment guidelines our focus was primarily centered on the new requirements future borrowers will have to walk through to qualify for a federally-insured reverse mortgage or Home Equity Conversion Mortgage...
Reducing HELOC Risks
HELOCs have begun to resurge in the mortgage market as home values have nearly recovered from their pre-crash values and today’s artificially low interest rates. While banks make these loans attractive to the average consumer what is often overlooked or not expressly pointed out are the risks and limitations.
