Home  /  Blog

All Reverse Mortgage

The Official Blog of All Reverse Mortgage®

Can I Opt for a Voluntary Life Expectancy Set-Aside? (LESA)

  by Admin Edit.   2 comments
Just learned of this feature, LESA. Am a current Reverse Mortgage holder and received a solicitation from a mortgage co. There's a lot to absorb regarding RM's and unless you are an educated real estate professional, it is virtually impossible to understand all the ramifications of these deals. Even with the "counseling" as required, total understanding remains murky. I would...
Read Full Article

How Financial Assessment Made Reverse Mortgages Safer

  by Admin Edit.   no comments
"This financial assessment process is conducive to making the Home Equity Conversion Mortgage (HECM) an even safer loan product." If a potential borrower can swallow such an absurdity he need not be concerned about who this financial assessment ( FA ) is making the product safer for!  The FHA wants 1.25% insurance and will only allow 60% loan to value...
Read Full Article

Reverse Mortgages and Solar Panels: What You Need to Know

  by Admin Edit.   2 comments
As our homes age, it is not uncommon to invest in renovation projects that enhance our ability to age in place, especially if those upgrades help lower monthly utility bills. Installing solar panels is one effective solution to reduce your overall electricity expense, but if you’re a homeowner considering a reverse mortgage to support your retirement, there are a few...
Read Full Article

Reverse Mortgages are LESS EXPENSIVE than alternatives

  by Admin Edit.   no comments
Overcoming  Objections to Reverse Mortgage High Fees. Compared to alternatives.  Read about home equity conversion mortgages (HECMs), and read about those who object to them—often citing high fees and risks to tapping home equity. Like other financial products, reverse mortgages come with certain borrowing costs. But, by understanding how these costs break down, you may discover that a HECM actually...
Read Full Article

New Reverse Mortgage Rules Take Effect September 19, 2017

  by Admin Edit.   no comments
HUD Publishes HECM Final Rule, but Defers on Interest Rate Cap and Reverse Mortgage Purchase Proposals The Department of Housing and Urban Development published FHA’s final HECM rule today formally adopting policy changes previously implemented by mortgagee letter and also making additional regulatory changes. Among the existing policies codified in the rule are: performing financial assessments, deferring due and payable status for...
Read Full Article

Reverse Mortgage Blog
(86 votes, average: 4.94 out of 5)
How Do You Rate This?
 
Ready for your Expert Guide and Proposal?
Yes, send my presentation by email
 
No Thank You