Reverse Mortgage Information

One of the questions that I have been asked time and time again from folks considering a reverse mortgage loan is: "What happens if I have a reverse mortgage and I am hospitalized or have to go to a nursing home before I die?"This question is usually asked by someone who all ready understands tha...

According to a recent AARP survey, one in four respondents 45 and older are planning to work much longer. One third of them, cited falling home values and shrinking investments as the main reasons.U.S. labor statistics show that 16 percent of Americans over the age of 65 were still working last y...

It's ironic that the recently passed housing rescue bill included the long overdue provision to increase the maximum loan amount for FHA insured HECM Reverse Mortgages.  The reason I say "ironic" is that it happens to coincide with unprecedented declines in home values across the country.Zillow, ...

The Housing and Economic Recovery Act of 2008 provides good news for consumers interested in tapping home equity through the use of an FHA insured HECM reverse mortgage.  The changes that pertain to reverse mortgages have been languishing in Congress for more than two years.  Thankfully, they wer...