With all the alarming headlines lately regarding the mortgage crisis and the rise in home foreclosures nationwide, you might think that anything and everything having to do with a mortgage would be bad news for consumers. However, that is not the case for someone that is in the market for a reverse mortgage. The Reverse […]

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If you are a senior homeowner considering taking out a reverse mortgage you need to understand the importance of the value of your home. The amount of money that you will be able to receive from a reverse mortgage directly relates to the value of your property. If your home is declining in value, as […]

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Fixed rate reverse mortgages have been introduced recently through FHA/HECM as well as proprietary products from various private lenders. But before you get all excited, you should really take a moment to compare the fixed rate offerings to the more traditional reverse mortgages that were customarily adjustable rate loans. I know what you’re thinking: Most […]

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Reverse Mortgages offer older homeowners a solution for accessing their home equity without having to make monthly mortgage payments. Seniors that find themselves strapped for cash or are having difficulty coming up with lump sums of money to make major purchases or home repairs, are increasingly turning to reverse mortgages to help with their financial […]

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A recent report issued by the Treasury Department said that Social Security is facing a $13.6 Trillion dollar shortfall. The shortfall is the gap between what Social Security is expected to pay out in benefits and what it will raise in payroll taxes. Delaying reforms to the Social Security entitlement program would be unfair to […]

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One of the most pervasive misconceptions about Reverse Mortgages is that the senior no longer owns their home. This could not be further from the truth. Working in this industry for some time now, it still amazes me that so many people think that they no longer have the ability to leave their home to […]

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Reverse Mortgage industry experts are expecting baby boomers to embrace the use of reverse mortgages with open arms. Unlike previous generations, the boomers are accustomed to leverage, borrowing, and using financial services. Combining the attitude of the average baby boomer along with factors like increased life expectancy, social security’s uncertainty, diminished pension plans and low […]

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As most people know, reverse mortgages have been surging in popularity over the last couple of years. As the baby boomers reach retirement age during the next couple of years, reverse mortgage demand is expected to explode. One of the explanations for this phenomenon is the lack of defined benefit retirement plans or pensions. Consequently, […]

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