At the Housing Wealth in Retirement Symposium in Washington, D.C., researchers met with policymakers to discuss topics related to seniors with home equity in retirement. This included a discussion on … [Read more...]
Buy Your Next Home and Make $0 Mortgage Payments For Life
Many people are familiar with the Reverse Mortgage, also known as the Home Equity Conversion Mortgage or HECM, which allows seniors (age 62 and over) to access the equity in their homes to obtain … [Read more...]
Star-Telegram: Reverse Mortgages Backed By HUD Safer Starting in August
Reverse Mortgages backed by HUD offer a safe way for older Americans to access the equity in their home to meet their financial goals. The HUD website for Reverse Mortgages says: The Home Equity … [Read more...]
3 Benefits of a Reverse Mortgage
A reverse mortgage allows you to turn your home equity into cash, and can be a perfect solution for individuals who are 62 or older. Here are 3 benefits of a reverse mortgage. #1 The Loan is Paid … [Read more...]
Heirs of Reverse Mortgage Holders May Suffer
The Boston Globe reports that heirs of reverse mortgage holders could suffer, since reverse mortgage companies are threatening heirs with foreclosure unless they pay the mortgages in full. Read the … [Read more...]
How Does a Reverse Mortgage Work?
A reverse mortgage is a home loan that provides cash payments to senior citizens based on home equity. Homeowners typically defer payment of the loan until they die, sell, or move out of the home, … [Read more...]
