Author: Greg Cook

The New Reverse Mortgage

The best bargain in the financial markets?

The New Reverse Mortgage is part of a well thought out retirement plan The New Reverse Mortgage can help you access your most valuable asset In it’s current state your home’s equity has the same value as monopoly money, it’s nice to think about but it won’t be much help in a financial emergency. With…

The New Reverse Mortgage

Did the housing bubble cause you to delay retirement?

Millions planning to delay their retirement The bursting of the housing bubble has caused millions of families to delay retirement. According to a recent survey, 20% of pre-retirees made plans to postpone retirement last year. (Note: this pre-retiree finally has a retirement date, lunch time the day of my funeral) Are you “underprepared for retirement?…

Reverse Mortgage and Senior Divorce

Saving the family home when senior citizens divorce

The New Reverse Mortgage helping seniors get through divorce Senior citizens divorce (also called “silver” or “gray” divorce) is becoming more common, and more acceptable. In 2014, people age 50 and above were twice as likely to go through a divorce than in 1990, according to the National Center for Family and Marriage Research at…

Enjoy the Reverse Mortgage experience

The New Reverse Mortgage Experience

With The New Reverse Mortgage the journey is as important as the destination For every Reverse Mortgage “horror story” there are thousands of families like yours who are thankful they have The Reverse Mortgage to help them enjoy a  secure retirement. Most of the media stories about The New Reverse Mortgage focus on the process…

The New Reverse Mortgage

Retirement Planning is tricky business

Planning for a comfortable retirement is tricky business Retirement planning can be overwhelming in today’s uncertain economy. We’re trying to figure out how to use the income from our peak earning years, the 70s, 80s and 90s to pay for goods and services at today’s prices. Even though the FED has managed to keep inflation…

HECM Counseling for The New Reverse Mortgage

In 2012 HUD began fine tuning its HECM (Home Equity Conversion Mortgage) program to make it more senior friendly. At that time they instituted the requirement that you complete mandatory HECM counseling seven days prior to starting any paperwork for a Reverse Mortgage. What is HECM counseling? Mandatory HECM counseling provides seniors with the necessary…