Tag: reverse mortgage questions

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…

reverse mortgage lender

The five most asked reverse mortgage questions

 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…

retire when you're ready with The New Reverse Mortgage

Retire when you’re ready using The New Reverse Mortgage

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. This pre-retiree finally has a retirement date: lunch time the day of my funeral   Delaying retirement because…

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…