One MSN reader asks if she should financially support her parents to avoid a reverse mortgage as she’s the sole heir. Here’s what they said.
Continue readingShould I help my parents to avoid a reverse mortgage?
A HECM for Purchase Success Story.
Here’s how one Facebook post helped one couple relocate and purchase their retirement home near the coast of South Carolina.
Continue readingBoomers expected to leave $17 trillion to kids
Older adult children who may face the need to support their aging parents even with a reverse mortgage. Here’s what one Ramsey Solutions caller had to say…
Continue readingThe HMBS program has gone from one to eliminate to one to emulate
Recently the Mortgage Bankers Association floated a proposal for Ginnie Mae to create a new mortgage-backed security program that would boost liquidity for which the agency’s new HMBS 2.0 program could serve as a template.
Continue readingWhat the latest HECM application data reveals
The latest case number assignments for HECM loans was released. Here’s what October’s application data reveals…
Continue readingFHA Announces the 2025 HECM Limit
Mortgagee Letter 2024-22 was released on November 26th announcing the new HECM limit which will be in effect for 2025.
Continue readingWill reverse mortgage surge in 2025? Here’s what one broker says
Corrina Carter, president and founder at CMS Mortgage, told Mortgage Professional America she expects reverse mortgage could become an increasingly viable option for many in 2025 and beyond.
Continue readingExpert Advice About Reverse Mortgages? Not so much.
Expert advice about reverse mortgages in the media is often misleading and downright inaccurate. Here’s a recent example…
Continue readingHere’s why homeowners may be overconfident in their retirement preparedness.
Despite having pension plans a majority of surveyed public employees are worried they won’t have enough money for retirement.
Continue readingSurvey shows public employees worried they won’t have enough money to last in retirement
Despite having pension plans a majority of surveyed public employees are worried they won’t have enough money for retirement.
Continue reading