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To get a grasp of the impact of the upcoming Financial Assessment guidelines for reverse mortgage borrowers we must begin asking (if we’re not already) some simple questions. Do you know your borrower’s income, debt payments and assets? Learn why this is imperative to be fully prepared as a professional.
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Let’s talk about independence this 4th of July weekend. First for our borrowers and then our industry. Our borrowers want independence from relying on their children to support them in their retirement years. Our industry must assert its own independence over the media bias andContinue reading
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Are borrowers spending their reverse mortgage funds unwisely? Is it the woman or the man who tends to spend the funds more quickly? Watch this week’s video for more.
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Normally reverse mortgage borrowers wouldn’t consider a reverse mortgage if they expected to stay in their home for a short time due to fear of the up front costs, but the HECM Saver is changing that story. Watch the video for more…
If it seems like the purpose of this article is to throw ice water on the enthusiasm expressed in the industry about switching and higher proceeds, in small part it is. It is also to help originators understand how much a small increase in backend fees can mean to a senior. Nothing speaks to the concerns of seniors like seeing if they live until 100 in their present home
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