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Reverse Mortgage News

Advantages and Disadvantages of Fixed Rate Reverse Mortgages

Learn about our all-time low fixed rate reverse mortgages starting at 3.99% (5.82% APR)

The post Advantages and Disadvantages of Fixed Rate Reverse Mortgages appeared first on All Reverse Mortgage.

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2019’s Best Reverse Mortgage Lenders | Compare Limits, Rates & Fees

Compare 2019’s Top Reverse Mortgage Lenders Featuring Side-By-Side User Reviews, Real-Time Interest Rates & Loan Comparisons. Includes HUD Approved and Private Lender Programs.

The post 2019’s Best Reverse Mortgage Lenders | Compare Limits, Rates & Fees appeared first on All Reverse Mortgage.

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Is a Reverse Mortgage Right for Me?… Let’s Weigh the Pros and Cons

The reverse mortgage can be a wonderful thing for the right person but is it right for you? Let’s find out…

The post Is a Reverse Mortgage Right for Me?… Let’s Weigh the Pros and Cons appeared first on All Reverse Mortgage.

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HUD Collecting Information on Reverse Mortgage Counseling Consumers

The Department of Housing and Urban Development (HUD) is planning to collect information on consumers who have participated in the Home equity Conversion Mortgage (HECM) counseling sessions.
HUD mandates these sessions as a way to protect potential HECM borrowers from lack of understanding about the HECM product. By surveying counseling participants, HUD plans to use the […]

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Common Misconceptions about Reverse Mortgages

There are significant misconceptions which circulate, through word-of-mouth, on Internet sites and even in media reports, which relate to reverse mortgages. To set the record straight, we scanned the internet and identified some of the most frequently cited instances of misinformation. Here we aim to set the record straight with some straight facts.

False: When […]

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Moving Ahead through Retirement

Imagine that you are about to retire. Your health is good, you have no debts, your Social Security benefits are about to kick in and between that, your pension and your savings, you’ll be able to make it through each month. Unfortunately, “just making it” pretty much describes the next several decades of your life. […]

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Reverse Mortgage – Bottom Line

If you’re considering applying for a Home Equity Conversion Mortgage, you’ll probably want to look at the pros and cons of the loan – the upfront costs, the loan fees, your responsibilities under the terms of the loan and your options. But when it comes right down to it, in making your decision, the […]

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HECM 3.0 — New and Improved

Home Equity Conversion Mortgages (HECMs) have evolved significantly since they were first introduced in 1989. Today they offer senior homeowners a safe and secure strategy for borrowing against their home’s equity.

Since its inception the HECM program has undergone a number of significant changes. Some of these include
· Introduction of the HECM for Purchase which allows […]

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The Reverse Mortgage as a Retirement Tool

EBRI, the Employee Benefit Research Institute (EBRI), a think tank dedicated to encouraging and enhancing the development of public policy and employee benefit programs via objective research and education, has published findings that indicate that Americans are not adequately prepared for their retirement years. EBRI estimates that roughly two-thirds of Americans are relying on […]

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Reverse Mortgages: What is “Willing and Able”?

In April 2015, a new tool was put into place to determine whether a potential borrower would be eligible to acquire a Reverse Mortgage. The Department of Housing and Urban Development began to enforce a criteria that is called “willing and able” that determines that the potential borrowers are prepared to abide by the loan’s […]

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