People’s behavior makes sense if you think about it in terms of their goals, needs, and motives. That’s the case when it comes to the trend toward younger reverse mortgage borrowers. But senior advocates and others see it differently…
Continue readingThe Last Safe Haven?
Is a reverse mortgage in fact the last safe haven for future retirees? If so why are we not seeing record production? A look at the current state of soon to be retirees, home values and more.
Continue readingBridge over troubled waters – Retirement Funding
Don’t burn bridges. The HECM is a bridge over the troubled waters of retirement. What must we do to insure it remains a reachable option for future retirees?
Continue readingIs retirement planning broken?
A recent article in the Wall Street Journal cites concern over the 4% Rule. Traditional withdrawal strategies may no longer work for most in today’s market. Reverse Mortgages are mentioned as part of the solution.
Continue readingCash Burn or Last Resort? – Younger Reverse Mortgage Clients
AARP still calls it a ‘loan of last resort’. Will cash-burn by younger borrowers increase future defaults and foreclosures?
Continue readingFinancial Underwrite A Go: Industry Leader Update
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HUD has made it official, reverse mortgage lenders have the authority to help prevent tax and insurance defaults when it comes to financial underwriting and potential reverse mortgage borrowers assessments.
$30 Billion savings for Medicaid if RM used. Industry Leader Update
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$30 Billion Savings Per Year if Medicaid Eligibility Rules Changed
One expert points out that home equity should be required to be utilized before certain individuals can qualify for Medicaid. Learn how the system discourages savings and what could be done.