by RickMay | Feb 13, 2020 | Reverse Mortgage Blog, Reverse Mortgage Line of Credit
I’ve got a financial proposal that is probably going to surprise you. Take out a reverse mortgage at age 62, even though you don’t need the money. In fact, take it especially if you don’t need the money. There will never be a better time for people who want to use the...
by RickMay | Dec 5, 2019 | Reverse Mortgage Blog, reverse mortgage calculator, reverse mortgage refinance
A reverse mortgage, also known as a HECM, can be a valuable way for homeowners to convert some of the equity in their home into much needed cash. Backed by HUD and insured by the FHA, these loans are just one of the many tools designed to help homeowners 62 years and...
by RickMay | Oct 12, 2019 | Reverse Mortgage Blog, reverse mortgage calculator, reverse mortgage refinance
“Few things in life are as exciting and satisfying as buying a new home,” said Monte Howard, CRMP, Manager of the Reverse Mortgage Division at C2 Financial, based in San Diego. “When I show a client how they can own the home of their dreams with a Reverse Purchase, I...
by RickMay | Sep 27, 2019 | Calculator, Reverse Mortgage Blog, reverse mortgage calculator, reverse mortgage refinance
Can you buy a home using a reverse mortgage? The answer is a definite yes. Buying a home with a reverse mortgage is usually a conversation for seniors that are looking to downsize from the homes they already live in, and especially the amount of money they are paying....
by RickMay | Jul 19, 2019 | Calculator, Reverse Mortgage Blog, Reverse Mortgage Line of Credit
“As the United States has become an older nation, reverse mortgages have grown into a $20-billion-a-year industry, with elderly homeowners taking out more than 132,000 such loans in 2007, an increase of more than 270 percent from two years earlier.” -Charles Duhigg...
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