Category: New Reverse Mortgage

use your home to stay at home

The cost of staying healthy in retirement

Without question, it costs a lot of money to stay healthy in America. When Dave and Linda retired they planned on twenty plus years of golf, travel and spending time with their kids and grand kids. They had (what they thought) sufficient savings to carry cover even those unforeseen expenses that are just part of…

Conventional wisdom of reverse mortgages

Conventional wisdom is not always wise

When it comes to The New Reverse Mortgage is conventional wisdom always wise? Historically, home equity has been the “sacred cow” of retirement planning, only to be used as a last resort and not at all if possible. This ‘conventional wisdom” has created a generation of retirees who are “house rich but cash poor” and…

The New Reverse Mortgage working as advertised

HUD Says New Reverse Mortgage Updates Are Good For Everyone When was the last time you heard about a government loan program that worked as advertised? The FHA Home Equity Conversion Mortgage has come under a great deal of criticism since its inception in 1989. Some of the criticism was justified, some not so much.…

reverse mortgage lender

Choosing the right reverse mortgage lender

How do I choose the right New Reverse Mortgage Lender? The New Reverse Mortgage is more than just a loan program it’s a retirement lifeline. So finding the right professional to answer your questions is the first step in deciding if a reverse mortgage is right for you. Because 99% of reverse mortgages are HUD…

Exposing the Reverse Mortgage Foreclosure Myth

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. The foreclosure proceeding are actually…

What is the New Reverse Mortgage?

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…