Reverse Mortgage Articles

Everything You Need to Know About Reverse Mortgage

A lot of homeowners have probably heard of a reverse mortgage but there it is still not clear of what it means exactly. A reverse mortgage provides the opportunity to borrow based on your age and the amount of equity that has been built over the years on your primary residence. When searching for a [...]

By |2020-08-06T10:46:36-06:00August 6th, 2020|Reverse Mortgage|0 Comments

What Safeguards Does A Reverse Mortgage Provide?

Reverse Mortgage Safeguards This is important because your home is your largest asset and ought to be aware of how home financing protects you and your future. Regulated by Department of Housing and Urban Development (HUD) It takes an act of Congress or regulatory change for there to be changes made to the program. Insured [...]

By |2020-06-12T13:28:10-06:00June 12th, 2020|Reverse Mortgage|Comments Off on What Safeguards Does A Reverse Mortgage Provide?

Not Your Parents’ Reverse Mortgage

How Have Reverse Mortgages Changed? Since 1989 when the first reverse mortgage was funded, the program has matured and become safer for senior homeowners. Here are a few examples: When the program began, homeowners would sign over the title to their home. This has not been the case for decades. In 1998 Congress allocated funds [...]

By |2020-05-28T18:03:34-06:00June 7th, 2020|Reverse Mortgage|Comments Off on Not Your Parents’ Reverse Mortgage

Reverse Mortgage Secrets Revealed

When people understand the power and impact a reverse mortgage can have, they have two reactions. This is too good to be true and Why doesn’t everyone do this? Understanding your options is key to financial freedom! 3 Ways to Use a Reverse Mortgage In a nutshell, these are the 3 ways a [...]

By |2020-06-03T22:01:55-06:00June 1st, 2020|Reverse Mortgage|Comments Off on Reverse Mortgage Secrets Revealed

4 Keys For Retirement Success

One of the main concerns of baby boomers is how to thrive and not just survive in retirement. Experts say the 4 Keys for retirement success include: Income, Liquidity, Safety and Growth. They also urge retirees to hedge against longevity risk, stock market risk, inflation, and any real estate market correction. What if there were [...]

By |2020-05-04T14:55:02-06:00May 9th, 2020|Reverse Mortgage|Comments Off on 4 Keys For Retirement Success

Utilizing Every Resource – Maximize Home Equity

Most people are not maximizing their largest asset, their home equity. When I meet retired homeowners I always ask them how they are maximizing their home equity and most people give me a puzzled look. When someone starts a new job they negotiate the best salary and benefits package that they can. If a person [...]

By |2020-07-08T13:30:34-06:00May 4th, 2020|Reverse Mortgage|Comments Off on Utilizing Every Resource – Maximize Home Equity

Reverse Mortgage Trifecta

When senior homeowners understand the power that a reverse mortgage offers them, they often say to me “Wow, this is a no brainer.” Indeed it is. Here are the 3 main reasons senior homeowners choose a reverse mortgage. 1) Equity Protection. When a borrower closes on their reverse mortgage, approximately half of their equity is [...]

By |2020-05-20T13:12:10-06:00April 24th, 2020|Reverse Mortgage|Comments Off on Reverse Mortgage Trifecta

Dave Ramsey on Reverse Mortgage – Absolutely Wrong

Dave Ramsey on Reverse Mortgage Well known radio host and author Dave Ramsey has come out strongly against reverse mortgages. The truth is, Dave only likes 15 year fixed mortgages, or preferably cash when buying a home. For the sake of full disclosure, I am a Dave Ramsey fan, having facilitated his flagship program Financial [...]

By |2020-07-08T14:28:28-06:00October 16th, 2019|Reverse Mortgage|Comments Off on Dave Ramsey on Reverse Mortgage – Absolutely Wrong

Reverse Mortgage Example The Barkers Each Get a Home

Reverse Mortgage Example By: Kevin A. Guttman, Reverse Mortgage specialist – NMLS #384936 Ron and Linda Barker had been married for 36 years but had recently grown apart. With their children grown and living on their own, Ron and Linda discovered they didn’t have much in common any longer. Now in their early 60s, [...]

By |2019-12-16T14:39:29-07:00November 28th, 2017|Reverse Mortgage|Comments Off on Reverse Mortgage Example The Barkers Each Get a Home

The Meyer’s Paid Off Their Mortgage and Credit Cards and Took A Trip

Reverse Mortgage Home Equity - A Success Story. David and Michelle met later in life, both divorcees with grown children. Michelle was an interior designer, something that became quickly evident when walking into their quaint home. David was a truck driver and loved to tell stories about the America he had seen over the [...]

By |2019-12-20T12:00:53-07:00September 20th, 2017|Reverse Mortgage|Comments Off on The Meyer’s Paid Off Their Mortgage and Credit Cards and Took A Trip
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