Tag: reverse mortgage for purchase

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…

Thinking about down sizing? Think right sizing!

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…