January 6, 2019 by HECM Pro Accountants and financial advisers beware, this case study might freak you out a bit. What if I said that a couple chose to drain their $80,000 IRA to get a reverse mortgage? Say what?? Gut an IRA to get a reverse mortgage? Were they nuts? It might sound … Read More >
December 10, 2018 by HECM ProWhat do you think it’s like to be in your late eighties, in declining health, without a dime in the bank, and facing foreclosure? I had the chance to find out when I chatted with a woman in this exact situation. Folks, I’ll tell you, it isn’t fun. … Read More >
November 26, 2018 by HECM ProA lot of retired seniors are flushing their hard-earned income and assets down the drain. Are you one of them? If you’re like many seniors, you might have refinanced your mortgage in the past few years to take advantage of low interest rates. You may also have … Read More >
April 7, 2017 by HECM ProMr. and Mrs. Smith, both 66, are retired and live in the state of Virginia. Mr. Smith had a very successful career as an aerospace engineer and Mrs. Smith had her own bookkeeping business. They made good money over the years, stayed out of debt, saved diligently, and … Read More >
June 17, 2016 by HECM ProFred and Gina Mason, both 79, live in Reno, Nevada and have been retired for a number of years. Fred was an insurance agent for over thirty years and Gina worked as a school teacher for a local private school. They enjoy spending time with their grandchildren … Read More >
April 7, 2016 by HECM ProAre you retired (or nearly retired) and still making mortgage payments? If so, is that what you envisioned for your retirement? Was it your plan from the beginning to make mortgage payments for the rest of your life? For most people, probably not. But we all know that life … Read More >
March 13, 2016 by HECM ProNancy, 65, loved to travel and has been on many exciting trips throughout north and central America. During her working years she dreamed of a time in her life when she would be able to retire and really pursue her passion for exploring new places. Unfortunately, since retiring, she hasn’t been … Read More >
February 15, 2016 by HECM ProTed and Patricia, aged 67 and 64, respectively, live in Lake Forest, CA and are looking ahead toward retirement. Both are still working, Patricia as a nurse, Ted as a truck driver. They like their jobs, but they’ve been at them for a long time and are … Read More >