Curious About Reverse Mortgages? Read This!

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Curious About Reverse Mortgages? Read This! Posted by denny jones monday, February 23, 2015 0 comments. Let’s set the scene. You’re thinking of retiring from work and enjoy the rest of your life doing the things you didn’t get a chance to do earlier on in life.

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A new book on reverse mortgages seeks to explain the products in an even more concise fashion to average potential borrowers – while also explaining the new reverse mortgage math. Author Dan Hultquist released "Understanding Reverse – 2018" at the start of the new year, providing an update of his regular series of educational books [.]

Realtors need to know about reverse mortgages. a reverse mortgage,” she writes. “Best of all, there are no payments and no qualification making this an ideal way to let mom keep her home or.

Home News Read This Before You Get a Reverse Mortgage. Read This Before You Get a Reverse Mortgage. Over 50 Finance October 9, 2017 Leave a Comment.. The reverse mortgage, or Home Equity Conversion Mortgage (HECM), has been in existence since 1988, and is an FHA-insured program..

ConsumerAffairs, an advocacy organization that covers consumer news, recall information and thousands of consumer reviews, recapped the recent reverse mortgage non-borrowing spouse changes in its.

Reverse. mortgage borrowers are often at first uncertain of the idea. “My first answer, when people ask how to approach the kids, is to ask them if they have an extra room in their house for their.

With a single-purpose reverse mortgage, the lender restricts how you can use the money from a reverse mortgage. For example, a single-purpose reverse mortgage may only be used to pay off property taxes or to make home repairs. These reverse mortgages are typically the least expensive option, but they are limited in availability.

A recent comment from our reader: To whom it may concern: I have read so many reverse mortgage info. It sounds like it’s not really to help you but for the bank to help themselves. It’s designed to make you think they are helping you, but the truth is you are really giving away [.]

A study published in the Journal of Financial Planning found the use of a reverse mortgage Saver as a retirement planning tool greatly improves the financial standing of a household in retirement..