Our reverse mortgage blog offers the latest industry news and insights to help you determine if a reverse mortgage is right for you. If you're looking for reverse mortgage calculators, be sure to check out our reverse mortgage calculator page.
It’s important to stay physically and mentally active as we age. Outdoor activities like hiking, walking, and gardening can provide great benefits, but not all seniors can do such activities. Fortunately, there are some great indoor activities for seniors that can also be beneficial. Virtual Tours & Performances You don’t need to get in a … Read More >>
Rising interest rates have pummeled the reverse mortgage industry in 2023. According to the latest HUD HECM Snapshot, reverse mortgage endorsements are down significantly over the last year. Fortunately, it’s not all bad news. There are some intriguing bright spots in the data. It’s a good bet you’ve been hearing a lot about rising rates … Read More >>
Are reverse mortgages bad? Some accountants, attorneys, and financial advisors think so. Are they correct? If so, why are reverse mortgages a bad idea? I once chatted with a retired woman named June (not her real name) who had a free and clear home, was living on a $1,300 Social Security check, and had no … Read More >>
A reverse mortgage is a great tool for converting home equity into cash, but it’s not always the right fit. If it’s not right for you, there are alternatives to a reverse mortgage that can still help you achieve your financial goals. I’ve talked to and worked with hundreds of seniors over the years to … Read More >>
ChatGPT has been in the news quite a bit recently, so I thought I would interview him (or her? or it?) on the topic of reverse mortgages. We had a fascinating discussion about reverse mortgages and a few less than hard-hitting topics I threw in for fun. The responses were less than accurate at times, … Read More >>
When I was a young boy, my parents took my brother and I on a vacation. I was pretty little, so I don’t remember much about the trip. I know we traveled on an airplane, but I have no recollection of where we went, what we did, or who we saw. What I do remember, … Read More >>
You wouldn’t even think of posting your Social Security number online, but it’s possible somebody else already has. Identity theft is no joke and most Americans are more vulnerable than they realize. I was stunned when I learned that my personal information had been posted to the dark web. I’m always careful to protect my personal information, … Read More >>
On Thursday, the Bureau of Labor Statistics released the latest consumer price index report for December, which showed an annualized inflation rate of 6.5%. This means that the federal government thinks prices have increased 6.5% since one year prior. Does anybody actually believe this? Not me! In my experience, inflation is running much hotter than … Read More >>
Happy New Year! Some changes are in store for the HECM and the reverse mortgage industry as the new year begins. First of all, the HECM is destined to get a shiny new FHA loan limit for 2023. We’re also likely to see more turmoil in the economy and real estate and mortgage markets as … Read More >>