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6 Reasons to Avoid a Reverse Mortgage

New HECM Lending Limit

January 26, 2018 by HECM Pro There’s no question a HECM reverse mortgage is a fantastic financial tool that offers increased financial stability and freedom in retirement. However, it’s not the perfect solution for everybody; there are some situations where you may want to avoid a reverse mortgage. Before we dig into the reasons not to … Read More >

Financial Advisers (Thankfully) Grow More Aware of the Possible Benefits of a Reverse Mortgage

Financial advisors increasingly seeing the benefits of reverse mortgages.

December 6, 2017 by HECM ProI’m a strong believer in the reverse mortgage, so it’s always gratifying when financial professionals write positively about the program. Jerry Golden of Golden Retirement Advisors mentions reverse mortgages in a recent article on Kiplinger.com. He highlights how many financial professionals unfortunately believe that reverse mortgages are all … Read More >

Are Reverse Mortgages Bad?

Are Reverse Mortgages Bad?

July 6, 2017 by HECM ProAre reverse mortgages bad? Well, maybe. Or, maybe not. It depends! What is the reverse mortgage being used for? What is the financial situation and goals of the person seeking the reverse mortgage? Like any financial product, the reverse mortgage isn’t inherently good or bad. It’s simply … Read More >

Is a Reverse Mortgage a Good Idea?

Is a Reverse Mortgage a Good Idea?

June 6, 2017 by HECM ProIs a reverse mortgage a good idea? Maybe, maybe not. It depends! What is the purpose of looking into a reverse mortgage? What are your goals and financial situation? Like any financial product, the reverse mortgage isn’t inherently good or bad. It’s simply a financial tool. It’s … Read More >