My Reverse Mortgage Retirement Plan
A reverse mortgage is a powerful financial tool because it brings home equity into the retirement planning picture. In this article, I want to lay…
What is the Downside of Reverse Mortgages?
The HECM reverse mortgage is a great retirement tool, but it’s not perfect for every financial situation. Like any product, it comes with pros and…
Retirement With a Mortgage: Are You Flushing Income Down the Drain?
Is retirement with a mortgage payment a good idea? Or is it just flushing your hard-earned retirement income down the drain? If you’re like many…
Reverse Mortgage Home Purchase: Finance a Home With No Mortgage Payment
If you’re an American homeowner 62 or older, the HECM reverse mortgage purchase program enables you to finance a home without a mortgage payment. Sound…
A Little-Known Strategy to Help Protect Your Retirement Savings for Longer
Nobody wants to run out of money and be financially shipwrecked in retirement. Unfortunately, there is a lurking and potentially devastating danger out there that…
Are Reverse Mortgages Expensive?
Many seniors have the impression that reverse mortgages are expensive – mainly because of the closing costs. Yes, depending on the scenario, reverse mortgage closing…
A Major Site Upgrade With Fantastic New Features Coming on March 15, 2022
I am very pleased to announce an enhanced MyHECM.com that will offer new features to help connect seniors, their advisors, and their families with the…
A Few Changes for the HECM and Some Big Changes for MyHECM.com in 2022
Happy New Year! I sincerely hope that 2022 finds you well! In life, things are always changing, are they not? It’s no different in the…
The Biggest Pitfall of Using a HELOC for Cash in Retirement
I’ve chatted with many seniors over the years who believed that a HELOC is a better option than a reverse mortgage for cash in retirement.…
The Reverse Mortgage is a Great Product, But Here’s When It’s Best Avoided
The reverse mortgage is a fantastic financial product, but there are some situations where it’s best avoided. Though I’ve made a living doing reverse mortgages,…