Understanding Your Monthly Reverse Mortgage Statement

You spent months contemplating taking out a reverse mortgage. You went through the counseling session, provided the necessary paperwork, had your home appraised and finally closed on the loan. Shortly thereafter, you receive your first “Monthly Reverse Mortgage Statement” in the mail. While your statement may appear complicated at first glance…

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Reverse Mortgage Advantages Over HELOCs

Home Equity Conversion Mortgages are safer than ever, thanks to recent regulatory changes made by the Department of Housing and Urban Development. When applied appropriately, HECMs offer advantages over home equity lines of credit, allowing seniors to postpone tapping other retirement resources by leveraging a tax- and payment-free option that serves as…

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Free Reverse Mortgage Counseling is Available!

FREE REVERSE MORTGAGE COUNSELING IS AVAILABLE! (but our bureaucratic government regulators won’t allow me to tell you where!)

Free reverse mortgage counseling is available however somewhere at the crossroads between dumb and dumber lies a government bureaucrat that has decided that we’re not allowed to tell you where.  These regulators are writing more and more rules, regulations and restrictions…maybe seeking job security or perhaps…

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