Reverse Mortgage foreclosure – “fake news” A recent article in the Washington post headlined: More Seniors taking loans against their homes – and it’s costing them. It details the story of a 92 year old woman in Washington D.C. who took out a reverse mortgage and is now facing foreclosure. Do reverse mortgages run a…
The Housing Bubble and the new normal If you’re one of the countless number of seniors heading into retirement carrying housing related debt, then you are the new normal. When the housing market bottomed out in 2009 it put pre-retirees in a precarious position. Not only did their investment accounts take a hit, most lost…
The New Reverse Mortgage can help solve your personal health care puzzle Trump-Care, Obama-Care or No-Care, the #1 area of concern for most seniors is how they will pay for health care in retirement. Without question, it costs a lot of money to stay healthy in America. AARP dishes on the health care dilemma On…
What is The New Reverse Mortgage? Most folks credit Ronald Reagan for the birth of the Reverse Mortgage program in the late 1980s. However, the very first reverse mortgage was written to Nellie Young in Portland, Maine by Nelson Haynes of Deering Savings & Loan. Haynes designed this very unique type of loan to help…
Thinking about downsizing? Think right sizing! Thinking about downsizing now that the kids are on their own? My father once said to me: “The older you are when you have children, the older you are when they come back.” I didn’t always heed a lot of his advice but in this instance I’m glad I…
The 5 most asked reverse mortgage questions There’s a lot of information (and misinformation) out there when it comes to The New Reverse Mortgage. Here are the 5 most frequently asked questions. Related: The truth about the New Reverse Mortgage 1. Is it better to wait until I’m older to get a reverse mortgage? The…
