If I were to tell you you could possibly get far-reaching publicity for free would you be interested? I would imagine your answer is ‘yes’! Here are some tips that I have used to get a free write up in my local newspaper that may work for you.
Continue readingFrom Aging in Place to Aging in Community
In recent years, being able to remain in one’s own home well into retirement was seen as the key to vital aging, and “aging in place” became the catchphrase for a myriad of support structures to make it possible.
Continue readingAssessment the Final Ripple from Housing Crash
Today marks the beginning of a new era for the Home Equity Conversion Mortgage: the Financial Assessment. As you watch today’s episode you are faced with an entirely new set of guidelines to qualify prospective reverse mortgage borrowers…
Continue readingBe ‘Natural” When it Comes to Assessment
Some people are not ready for a HECM loan. Some just don’t have a need and some are just downright dead set against the idea. Whatever the case may be carefully weigh how much effort to make in trying to overcome their objections.
Continue readingHassle Free Loan?
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A Hassle-Free HECM or Long Term Success?
Last week the Washington Post published an article entitled “Window is rapidly closing to get hassle-free reverse mortgage”. It is a well-written article outlining the change the financial assessment brings but more importantly it outlines the HECM program’s history which lead to such a monumental overhaul of the program. “Interested in a reverse mortgage without a lot of hassles? Better get your application in fast. As of April 27, the federal government is imposing a series of extensive “financial assessment’ test that will make applying for a reverse mortgage tougher- much like applying for a standard home mortgage.”
Indeed the Home Equity Conversion Mortgage has moved from being based merely on age and equity to a fully-underwritten loan, all in the effort to reduce risks for both lenders and FHA. For a quarter century…
Download a transcript of this episode here.
Looking for more reverse mortgage news, commentary and technology? Visit ReverseFocus.com today.
The Business of Storytelling
As with any complex product, widget or loan comes the temptation to focus on the intricacies of the product while possibly missing the opportunity to paint a compelling picture with a story…
Continue readingThe Beautiful Season
It takes a certain kind of courage to look in the mirror and honor our wrinkles, grey hair, and other indications that we’re no longer on the sunny side of twenty. But would an elder trade the insight and (hopefully!) wisdom that accrues with years?
Continue readingAn Open Dialog?
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 malpractice? I hope the answer would be a resounding yes!
Continue readingKeeping Momentum Post F.A.
It is indeed the time to fill our pipes, pipelines that is. With any hardship, hurdle or challenge in business comes the temptation to lose momentum. Think of it as peddling a bicycle. It takes more energy to regain momentum once stopped than to sustain it.
Continue readingBipartisan Commission Open to HECMs
Recently a bipartisan commission was launched creating a task force to tackle the critical challenges of aging this year. The good news: the commission is positive about the role reverse mortgages play in the planning process.
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