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Reverse Mortgage Myths
September 8, 2016 In almost any field there are myths that seem to take on a life of their own until we’ve heard them so many times, they must be true. Certainly the Reverse Mortgage field has not been immune to these myths – I hear at least one of these every day. Today we’ll attempt to […]
Study Makes Case for $1 Million Reverse Mortgage Retirement Strategy
Several studies have already demonstrated the potential benefits to be reaped when using a reverse mortgage as part of a coordinated retirement strategy, but one recent case study further expounds on the efficacy of the reverse mortgage line of credit. With the arrival of new program changes and consumer protections in recent years, the reverse […]
Protecting Senior Citizens from Fraud and Financial Scams
According to “The True Link Report on Elder Financial Abuse, 2015” each year the elderly are defrauded of as much as $36.48 billion, and much of that money is taken through means that are unethical and deceptive but technically legal. Seniors need to be especially on their guard against those who would and could steal […]
The “New” Reverse Mortgage
Compared to the reverse mortgages found in the marketplace just three years ago, Home Equity Conversion Mortgages nowadays bear little resemblance to their past selves. As the reverse mortgage product has evolved over the years with new program changes, so too have their functions in meeting the various needs of today’s dynamic aging population. Following […]