Tag: new reverse mortgage

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…

get a retirement paycheck

Your very own Personal Retirement Paycheck

The New Reverse Mortgage can be your Personal Retirement Paycheck When that day finally arrives and you’ve announced your retirement, among the many things that will be different in your life is you’ll no longer be getting a weekly paycheck. And that is going to require some adjustment to the lifestyle to which you have…

Debunking Reverse Mortgage Myths

Debunking the #1 New Reverse Mortgage Myth

I give up ownership of my home with a Reverse Mortgage. Without question is the number one fear of many older homeowners when considering a Reverse Mortgage. I can remember when someone asked my father if he owned his home, he always answered: Yes, me and the bank! With a forward mortgage as long as…

secure retirement

The New Reverse Mortgage and a secure retirement

5 ways to a safe and secure retirement – Including one that will save you thousand$ Baby boomers agree having a safe and secure retirement is priority one. But in today’s uncertain economy, achieving that goal is challenging to say the least. Many of us have seen our investments decimated by the recent housing crash…

A Retirement Calculator gives The New Reverse Mortgage some Love

Finally a retirement calculator that gives the New Reverse Mortgage some love. There are countless retirement calculators available that allow users to punch in a few numbers and determine what lifestyle adjustments they will need to make for a secure retirement. Most retirement calculators however, focus on spending and saving. Which is a good start…

The New Reverse Mortgage

The New Reverse Mortgage for wealthy homeowners?

The New Reverse Mortgage perfect for wealthy homeowners Even though the FHA HECM (Home Equity Conversion Mortgage) was not designed for wealthy homeowners . There are countless homeowners whose homes are valued at over $1 million are finding that a Reverse Mortgage can be a an important part of their retirement planning. Will the New…