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.
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 >>
Imagine answering a knock at your front door and finding a man on your doorstep claiming to own your home. Somehow, your home’s title was transferred out of your name without your knowledge. The stranger demands that you pack up and leave his property immediately. This is the nightmare scenario that came up in a … Read More >>
What happens to a reverse mortgage after death? Do the heirs get left with a big mess to clean up? Does the bank end up getting the house? Many homeowners are (rightfully) concerned about the legacy they’ll leave as a result of getting a reverse mortgage. Fortunately, the reverse mortgage is designed with both the … Read More >>
Nobody likes nasty surprises when they’re already committed to something. Are there any lurking surprises that can force repayment of your reverse mortgage when it reaches a certain balance? Do you need to worry about your balance hitting a reverse mortgage limit? I haven’t seen this question for a while, but it’s come up several … Read More >>
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 out my own reverse mortgage retirement plan. If you’re like many people, you may be surprised that I’ve included a reverse mortgage in my retirement plan. After all, aren’t reverse … Read More >>
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 cons. In this article, we’ll cover the possible downside of reverse mortgages and potential pitfalls to watch out for. You’ve likely seen the TV commercials with famous pitchmen like Tom … Read More >>
Which combination of factors would result in the lowest monthly mortgage payment? Great question! Let me first break down the factors that impact your monthly payment, then we’ll talk about the kinds of borrowers who tend to get the lowest (and highest) mortgage payments. The factors that influence your payment There are several factors that … Read More >>
