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HUD Collection Of Reverse Mortgage Counseling Data Could Improve Process

Reverse Mortgage Counseling

The Department of Housing and Urban Development (HUD) is requesting the approval to collect information of consumers who have participated, as mandated by law, in the Home equity Conversion Mortgage (HECM) counseling sessions. The goal, according to HUD, is to use the information – which comprises 300 households or individual ...

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Learn The Reverse Mortgage Basics

Reverse-Mortgage-Basics

An increasingly popular retirement tool, the reverse mortgage has become a staple in modern times for older Americans seeking a more secure retirement. Knowing the reverse mortgage basics can help you better understand your options with these popular home loans. Originally introduced in 1989 as an FHA-insured loan for people ...

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Should You Use A Reverse Mortgage For Healthcare Expenses?

Revere Mortgage For Healthcare

With rising medical costs and the increasing cost of retirement, a lot of older Americans are looking for a way to meet these financial needs. One question that has been poised is can you use a reverse mortgage for healthcare expenses? In author Robert Powell’s USA Today column, a reader ...

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Reverse Mortgages For Retirement More Popular Option Than Ever Before

reverse mortgage options

As the baby boomer generation settles into their golden years, many are turning to the convenient option of a reverse mortgages for retirement to help them secure their retirement years. In recent years, the reverse mortgage market has once again become healthy, after experiencing a brief fallout during the housing ...

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Can You Use A Reverse Mortgage For Investment Protection Strategy?

Reverse Mortgage For Investment Protection

The media has changed its tone on reverse mortgages in recent months, namely after new laws passed that protect the homeowners and reduce the chance of foreclosure or eviction. The new reverse mortgage laws also make these home loans more viable as an investment protection strategy, too. With the availability ...

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