The time is ripe for reverse mortgage to play a grander role as a possible way to fund one’s elder years, since even part-time positions after retirement are unlikely to generate the income level needed to keep pace with the rising cost of living, or unexpected health care expenses that aren’t covered under Medicare.
Continue readingExclusive Interview with The Mortgage Professor
In part one of our interview The Mortgage Professor discusses the possibility of double-digit mortgage interest rates which have not been seen since the HECM program’s inception. We explore the industry impact, consumer awareness, disclosures and more.
Continue readingCircling the Wagons
Circling the wagons. It’s something our early pioneers did to protect themselves and their party from attack during their perilous journey to settle the western frontier. Not unlike the settlers we must take proactive measures to protect our hard-earned applicants from fear, doubts and mostly confusion during one of the most critical phases of reverse mortgage origination: the counseling process.
Continue readingComing Out of Denial
“Refusal to believe until proof is given is a rational position; denial of all outside our own limited experience is absurd.” These words ring no truer than when it comes to those who embrace or reject the federal-insured reverse mortgage.
Continue readingCFPB Releases New Consumer Reverse Mortgage Guide
It was only two short years ago that the CFPB or the Consumer Financial Protection Bureau issued it’s first report to congress on the Home Equity Conversion Mortgage or reverse mortgage program. In this week’s segment we will examine what questions this guide addresses as well as the questions it raises…
Continue readingThe Window to Your World
Are those who suffer under a cloud of negativity particularly unique or face challenges the rest of us avoid. Not particularly. Their ‘window’ has simply become smudged over the years and is due for a cleaning…
Continue readingHack Your Way to A Fabulous Day
Genius Awakening suggests that reverse mortgage experts who want to build enduring business relationships and enjoy ongoing success do the following…
Continue readingWhat Retirees Really Worry About Most
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?
Continue readingBreaking the Pattern
Have you ever stopped and really looked at your life? How you spend your mornings, your work day and evenings at home with your loved ones?
Continue readingSimple Suggestions to Dispel Senior Doldrums
If a reverse mortgage client or prospect — or any older friend — is feeling blue, consider printing out these ten suggestions and offering them, along with warmth and support, as possible mood elevators…
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