Over the years, celebrities such as Robert Wagner, Alex Trebek and Fred Thompson have touted reverse mortgages as a way to supplement a senior’s fixed income by tapping equity that has accrued in their home. But here’s another, less common use of reverse mortgages that these celebrities may not have mentioned in their commercials: buying […]
What a senior needs to retire
WSJ: Reverse Mortgages Can Benefit Retirees, Both Wealthy and Not
Published on WSJ.com | August 16, 2013 | Written by Kelly Greene Move Can Help Retirees Keep Investments Until Right Time to Sell Reverse mortgages aren’t just for people struggling to keep their homes anymore. The loans also can work for well-heeled retirees looking for a buffer to keep them from selling investments at the wrong […]
Reverse Mortgages: I Outlived my Retirement Plan
In NRMLA’s July-August 2013 Reverse Mortgages, Marty Bell tells the story of Larry and Helen, who outlived their retirement plan. Larry and Helen took a responsible approach to planning their retirement. Both Larry’s older and younger brothers died prior to 50 and so Larry decided he was going to retire from his sales manager position […]
NRMLA: Aging in Place
See more: http://services.nrmlaonline.org/NRMLA_Documents/July-August13.pdf
What Really Happens to Your Reverse Mortgage After You Die?
The question people are always wondering about is: what happens to your home after you die if you have a reverse mortgage? The FHA has made this something you want to hear about! Watch this short video where Steve Haney, also known as The Mortgage Doctor of Colorado, answers this question completely. And if you […]