Tag: reverse mortgage questions

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. Do reverse mortgages run a…

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…

The New Reverse Mortgage

Can The New Reverse Mortgage help you to delay retirement?

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. (Note: this pre-retiree finally has a retirement date, lunch time the day of my funeral) Are you “underprepared…

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…

Enjoy the Reverse Mortgage experience

The New Reverse Mortgage Experience

With The New Reverse Mortgage the journey is as important as the destination For every Reverse Mortgage “horror story” there are thousands of families like yours who are thankful they have The New Reverse Mortgage to help them enjoy a  secure retirement. Most of the media stories about The New Reverse Mortgage focus on the…

HECM Counseling for The New Reverse Mortgage

In 2012 HUD began fine tuning its HECM (Home Equity Conversion Mortgage) program to make it more senior friendly. At that time they instituted the requirement that you complete mandatory HECM counseling seven days prior to starting any paperwork for a Reverse Mortgage. What is HECM counseling? Mandatory HECM counseling provides seniors with the necessary…