Reverse Mortgage Blog

Posts Tagged: "line of credit"

Reverse Mortgage Retirement Plan

My Reverse Mortgage Retirement Plan

A reverse mortgage is a powerful financial tool because it brings home equity into the … Read More

Mike Roberts Avatar
About Mike Roberts

Mike Roberts is the founder of MyHECM.com, an author, and a highly experienced veteran of the mortgage industry. When he's not working, he enjoys spending time with his family, skiing, camping, traveling, or reading a good book. Roberts is the author of The Reverse Mortgage Revealed: An Industry Insider’s Guide to the Reverse Mortgage, which is available on Amazon.

Protect Your Retirement Savings From This Lurking Danger

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 … Read More

Mike Roberts Avatar
About Mike Roberts

Mike Roberts is the founder of MyHECM.com, an author, and a highly experienced veteran of the mortgage industry. When he's not working, he enjoys spending time with his family, skiing, camping, traveling, or reading a good book. Roberts is the author of The Reverse Mortgage Revealed: An Industry Insider’s Guide to the Reverse Mortgage, which is available on Amazon.

Is a HECM reverse mortgage expensive?

Are Reverse Mortgages Expensive?

Many seniors have the impression that reverse mortgages are expensive – mainly because of the … Read More

Mike Roberts Avatar
About Mike Roberts

Mike Roberts is the founder of MyHECM.com, an author, and a highly experienced veteran of the mortgage industry. When he's not working, he enjoys spending time with his family, skiing, camping, traveling, or reading a good book. Roberts is the author of The Reverse Mortgage Revealed: An Industry Insider’s Guide to the Reverse Mortgage, which is available on Amazon.

The HECM as Retirement Insurance

Does Your Financial Plan Include “Retirement Insurance”?

Does your financial plan include “retirement insurance”? I’m guessing you’ve never heard of such a … Read More

Mike Roberts Avatar
About Mike Roberts

Mike Roberts is the founder of MyHECM.com, an author, and a highly experienced veteran of the mortgage industry. When he's not working, he enjoys spending time with his family, skiing, camping, traveling, or reading a good book. Roberts is the author of The Reverse Mortgage Revealed: An Industry Insider’s Guide to the Reverse Mortgage, which is available on Amazon.

How the Smiths Used the HECM Reverse Mortgage

What Does the Ideal HECM Reverse Mortgage Candidate Look Like?

The HECM reverse mortgage is a fantastic home loan product. Though it can benefit seniors … Read More

Mike Roberts Avatar
About Mike Roberts

Mike Roberts is the founder of MyHECM.com, an author, and a highly experienced veteran of the mortgage industry. When he's not working, he enjoys spending time with his family, skiing, camping, traveling, or reading a good book. Roberts is the author of The Reverse Mortgage Revealed: An Industry Insider’s Guide to the Reverse Mortgage, which is available on Amazon.

Dear Penny I'd Like to Set the Record Straight on Reverse Mortgages

Dear Penny, I’d Like to Set the Record Straight on Reverse Mortgages

I have to admit I get a little annoyed at some of the articles and … Read More

Mike Roberts Avatar
About Mike Roberts

Mike Roberts is the founder of MyHECM.com, an author, and a highly experienced veteran of the mortgage industry. When he's not working, he enjoys spending time with his family, skiing, camping, traveling, or reading a good book. Roberts is the author of The Reverse Mortgage Revealed: An Industry Insider’s Guide to the Reverse Mortgage, which is available on Amazon.

Caution HECM Reverse Mortgage Sequence Risk

The Lurking Danger That Can Swamp Even a Solid Retirement Plan (and How You Can Avoid It)

Updated 8/2/2023 – If you’re not familiar with the term sequence risk, you definitely should be. … Read More

Mike Roberts Avatar
About Mike Roberts

Mike Roberts is the founder of MyHECM.com, an author, and a highly experienced veteran of the mortgage industry. When he's not working, he enjoys spending time with his family, skiing, camping, traveling, or reading a good book. Roberts is the author of The Reverse Mortgage Revealed: An Industry Insider’s Guide to the Reverse Mortgage, which is available on Amazon.

So You've Paid Off Your Mortgage

So You’ve Paid Off Your Mortgage. Great! Now Here’s the Problem…

So you’ve paid off your house and are headed for a mortgage-free retirement. Fantastic! Retiring … Read More

Mike Roberts Avatar
About Mike Roberts

Mike Roberts is the founder of MyHECM.com, an author, and a highly experienced veteran of the mortgage industry. When he's not working, he enjoys spending time with his family, skiing, camping, traveling, or reading a good book. Roberts is the author of The Reverse Mortgage Revealed: An Industry Insider’s Guide to the Reverse Mortgage, which is available on Amazon.

A HECM Line of Credit Example

A HECM Line of Credit Example

The HECM reverse mortgage line of credit is a great financial tool for many seniors. … Read More

Mike Roberts Avatar
About Mike Roberts

Mike Roberts is the founder of MyHECM.com, an author, and a highly experienced veteran of the mortgage industry. When he's not working, he enjoys spending time with his family, skiing, camping, traveling, or reading a good book. Roberts is the author of The Reverse Mortgage Revealed: An Industry Insider’s Guide to the Reverse Mortgage, which is available on Amazon.