One of the greatest challenges today's Boomers face is persuading Mom and Dad that their beloved house could benefit from some simple modifications which will make their home safe as well as comfortable...
Is it greed that has made fixed rate reverse mortgages nearly 70% of total production? Or is it something else…the needs of the marketplace?
[vimeo id=”29847239″ width=”601″ height=”338″] Opportunity in Reverseville: To learn more about marketing to banks and credit unions join our free webinar Wednesday October 5th at 10am. You can also get more information and great videos at RM Bank Blueprint here.
“When I retire I plan on moving to a smaller home.” “When I retire I’ll relocate to be closer to the kids.” Although people may make similar statements in middle age, the reality is quite different. One study found the general move rate for seniors aged 55-64 to be just
[vimeo id=”29168490″ width=”601″ height=”338″] The behind the scenes of the eviction of a 101 year old Detroit woman due to tax & insurance default on reverse mortgage Video grabs from WXYZ television in Detroit. Original Story of eviction here. Updated story of eviction here.
[vimeo id=”28175743″ width=”601″ height=”338″] NMLS license renewals may get dicey for reverse originators with challenged credit history If the last few years have taught us anything it’s that mortgage and financial professionals suffered financially with other Americans due to the housing and economic crash. This leaves many qualified reverse originators
The good news is we just heard that the HECM loan limits will remain the same through December of this year. I’m sure there are many out there who are breathing a little sigh of relief as it buys you some time to get those higher value property owners to