Author: Greg Cook

The New Reverse Mortgage

Can The New Reverse Mortgage help you to delay retirement?

Millions of baby boomers planning to delay 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…

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…

The New Reverse Mortgage

The truth about the New Reverse Mortgage

The New Reverse Mortgage isn’t what you think it is. The Reverse Mortgage program was signed into law by President Reagan in 1987. The intent was to provide an instrument for senior homeowners to have a retirement “safety net”. He recognized that the skyrocketing inflation of the early 1980s made it almost impossible for those…