Retirement is often seen as a period of fulfillment, yet many retirees encounter financial challenges. Enter the HECM line of credit (HECM LOC), a Home Equity Conversion Mortgage (HECM, reverse mortgage) loan feature designed to provide older homeowners with a versatile contingency fund.
https://reversepurchase.com/wp-content/uploads/sites/2/2024/04/Vanity-Site-Header-Image-High-Quality-37.jpg4301500noahhttps://reversepurchase.com/wp-content/uploads/sites/2/2021/09/rev-mortgage-logo_72ppi_prod-081621.pngnoah2024-04-17 14:39:402024-04-18 15:25:39Unlocking Financial Flexibility: Harnessing the Power of the HECM Line of Credit
If you’re looking to empower your retirement with a reverse mortgage loan, the process may seem a little confusing at first glance. Knowing what’s coming, being prepared and having an excellent lending team behind you helps ensure a smooth borrowing journey with less stress.
If you’re looking to empower your retirement with a reverse mortgage loan, the process may seem a little confusing at first glance. Knowing what’s coming, being prepared and having an excellent lending team behind you helps ensure a smooth borrowing journey with less stress.
The Home Equity Conversion Mortgage (HECM) for Purchase (H4P) loan is specifically designed for homebuyers 62 and older, offering a distinct set of advantages bridging the gap between cash purchases and traditional mortgages.
https://reversepurchase.com/wp-content/uploads/sites/2/2024/03/Vanity-Site-Header-Image-High-Quality-34.jpg4301500Michaelhttps://reversepurchase.com/wp-content/uploads/sites/2/2021/09/rev-mortgage-logo_72ppi_prod-081621.pngMichael2024-03-12 17:11:202024-03-13 14:19:36Top 10 Reasons for Older Adults To Use a HECM for Purchase (H4P) Loan To Buy Their Next Home
In this article, we’ll delve into the concept of reverse mortgages and examine common ways older-adult homeowners are leveraging this powerful financial solution.
https://reversepurchase.com/wp-content/uploads/sites/2/2024/03/R2400216_New-Article_Unlocking-Potential_Hero-Image_V1_1872-x-615-1536x505-1.jpg5051536noahhttps://reversepurchase.com/wp-content/uploads/sites/2/2021/09/rev-mortgage-logo_72ppi_prod-081621.pngnoah2024-03-12 17:09:142024-03-12 17:09:14Unlocking Potential: Exploring the Top 10 Uses for Reverse Mortgage Loans
Whether it’s surging living costs, healthcare expenses or insurance premiums, many adult children are anxious about their parents’ economic stability. By diversifying home equity, senior homeowners may be better equipped to manage risks, like spending surprises and inflation, throughout retirement.
https://reversepurchase.com/wp-content/uploads/sites/2/2024/02/Vanity-Site-Header-Image-High-Quality-32.jpg4301500noahhttps://reversepurchase.com/wp-content/uploads/sites/2/2021/09/rev-mortgage-logo_72ppi_prod-081621.pngnoah2024-02-02 21:33:582024-02-05 16:14:33Reverse Mortgage Loans: Information for Adult Children
Hear our customers talk about their journeys with reverse mortgage loans. Although each has unique circumstances, they all shared something in common —
their reverse mortgage loan made an already sound retirement strategy even better.
https://reversepurchase.com/wp-content/uploads/sites/2/2024/01/Vanity-Site-Header-Image-High-Quality-31.jpg4301500noahhttps://reversepurchase.com/wp-content/uploads/sites/2/2021/09/rev-mortgage-logo_72ppi_prod-081621.pngnoah2024-01-23 19:26:372024-01-23 19:26:37Customer Testimonial: How a Reverse Mortgage Loan With Fairway Made Great Retirements Even Better
Let’s start off 2024 with some good news. The Federal Housing Administration (FHA) increased the maximum claim amount on the Home Equity Conversion Mortgage (HECM). Read on to find out what that could mean for you or your clients.
https://reversepurchase.com/wp-content/uploads/sites/2/2024/01/2024-Loan-Limits-1.jpg4301500noahhttps://reversepurchase.com/wp-content/uploads/sites/2/2021/09/rev-mortgage-logo_72ppi_prod-081621.pngnoah2024-01-09 19:37:452024-01-09 19:37:45Enhanced Limit for the Home Equity Conversion Mortgage (HECM) Loan in 2024!
While the Home Equity Conversion Mortgage (HECM) loan accounts for the vast majority of reverse mortgages in the U.S., it’s not the only type of reverse mortgage available. A jumbo reverse mortgage is an alternative option that may better serve a borrower who owns a high-value property. Read on to learn more!
https://reversepurchase.com/wp-content/uploads/sites/2/2023/12/Vanity-Site-Header-Image-High-Quality-30.jpg4301500noahhttps://reversepurchase.com/wp-content/uploads/sites/2/2021/09/rev-mortgage-logo_72ppi_prod-081621.pngnoah2023-12-19 14:51:262023-12-19 14:53:21Jumbo Reverse Mortgage Loans: What You Need to Know
Breaking News! Fairway Mortgage Ranked #1 in the U.S. for Borrower Satisfaction Among Mortgage Origination Companies by J.D. Power. Read on to learn more!
https://reversepurchase.com/wp-content/uploads/sites/2/2023/11/JD-Power-Feature.jpg4301500noahhttps://reversepurchase.com/wp-content/uploads/sites/2/2021/09/rev-mortgage-logo_72ppi_prod-081621.pngnoah2023-12-04 15:05:512023-12-04 15:06:23Fairway Mortgage Ranked #1 in the U.S. for Borrower Satisfaction Among Mortgage Origination Companies by J.D. Power
If you’re an attorney working in estate planning, Home Equity Conversion Mortgage (HECM) loans, also called reverse mortgage loans, can be a particularly helpful option in your toolkit. Read on to see why!
For seniors with significant debt in retirement, especially if traditional home mortgage payments are a major factor, a HECM can be a powerful avenue to consolidate debt. Read on to learn more!
https://reversepurchase.com/wp-content/uploads/sites/2/2023/11/Vanity-Site-Header-Image-High-Quality.jpg4301500noahhttps://reversepurchase.com/wp-content/uploads/sites/2/2021/09/rev-mortgage-logo_72ppi_prod-081621.pngnoah2023-11-08 16:35:202023-11-08 16:35:20Debt Consolidation With Home Equity Conversion Mortgage (HECM) Loans: The Senior Homeowners’ Best Kept Secret
In strong real estate markets like Central California, HECMs can be a cornerstone in designing a comprehensive estate planning strategy. Read on to learn why and how to get started.
https://reversepurchase.com/wp-content/uploads/sites/2/2023/09/Vanity-Site-Header-Image-High-Quality-1.jpg4301500Michaelhttps://reversepurchase.com/wp-content/uploads/sites/2/2021/09/rev-mortgage-logo_72ppi_prod-081621.pngMichael2023-10-25 20:31:482023-10-27 17:10:58Integrating Home Equity Conversion Mortgage Loans (HECM)s in Estate Planning: A Central California Perspective on Asset Management
It’s common for homeowners to want to refinance their mortgage to a lower interest rate, but what about then the interest rates are as high as they are today? There can be times when refinancing to a higher rate can be a wise move, so it pays to learn about your options.
https://reversepurchase.com/wp-content/uploads/sites/2/2023/10/Vanity-Site-Header-Image-High-Quality-21.jpg4301500noahhttps://reversepurchase.com/wp-content/uploads/sites/2/2021/09/rev-mortgage-logo_72ppi_prod-081621.pngnoah2023-10-25 18:51:362023-10-25 18:52:12A Home Equity Conversion Mortgage (HECM) Loan vs. a Cash-Out Refinance: What Are the Advantages?
https://reversepurchase.com/wp-content/uploads/sites/2/2023/10/Vanity-Site-Header-Image-High-Quality-15.jpg4301500Michaelhttps://reversepurchase.com/wp-content/uploads/sites/2/2021/09/rev-mortgage-logo_72ppi_prod-081621.pngMichael2023-10-12 20:06:212024-03-12 18:35:40Customer Testimonial: Retiree Uses His Reverse Mortgage Loan To Buy a New Home After Divorce
Susan and Jim Arnold are a retired couple living in Morro Bay, California, who took out a reverse mortgage loan to have more financial freedom, fun and family time in retirement.
https://reversepurchase.com/wp-content/uploads/sites/2/2023/10/Vanity-Site-Header-Image-High-Quality-20.jpg4301500Michaelhttps://reversepurchase.com/wp-content/uploads/sites/2/2021/09/rev-mortgage-logo_72ppi_prod-081621.pngMichael2023-10-12 19:57:162023-12-18 19:26:24Customer Testimonial: Homeowners Find More Fun, Freedom and Family Time With a Reverse Mortgage Loan
If you’re a homeowner 62 or older, you might be sitting on a significant amount of untapped home equity that you can use to finance essential home updates, repairs or even major renovations.
https://reversepurchase.com/wp-content/uploads/sites/2/2023/10/Vanity-Site-Header-Image-High-Quality-12.jpg4301500noahhttps://reversepurchase.com/wp-content/uploads/sites/2/2021/09/rev-mortgage-logo_72ppi_prod-081621.pngnoah2023-10-06 20:47:242023-10-09 20:38:39The Benefits of Home Equity Conversion Mortgage (HECM) Loans for Home Improvement
Where you live in retirement influences so many aspects of your life. Read on to learn more about the pros and cons of the most common options for retirement living.
https://reversepurchase.com/wp-content/uploads/sites/2/2023/09/LO-sites.jpg6151872noahhttps://reversepurchase.com/wp-content/uploads/sites/2/2021/09/rev-mortgage-logo_72ppi_prod-081621.pngnoah2023-09-29 15:38:082023-09-29 15:38:26Aging at Home Vs. Other Living Options
Financial professionals, learn how the Home Equity Conversion Mortgage (HECM) can be an effective tool for insulating retirement portfolios, improving overall quality of life in retirement and helping retirees afford their dream home.
Tapping home equity via a reverse mortgage loan can be an excellent way for seniors to continue to own and live in the homes they love. But is it right for you? Take this quick quiz to find out!
https://reversepurchase.com/wp-content/uploads/sites/2/2023/09/Vanity-Site-Header-Image-High-Quality.jpg4301500noahhttps://reversepurchase.com/wp-content/uploads/sites/2/2021/09/rev-mortgage-logo_72ppi_prod-081621.pngnoah2023-09-17 16:16:152023-09-20 17:06:49QUIZ: Is a Reverse Mortgage Loan Right for You?
Nancy began learning about Home Equity Conversion Mortgages (HECMs), the most popular type of reverse mortgage loan, and found that it gave her more choices and control over her finances.
https://reversepurchase.com/wp-content/uploads/sites/2/2023/10/Vanity-Site-Header-Image-High-Quality-14.jpg4301500Michaelhttps://reversepurchase.com/wp-content/uploads/sites/2/2021/09/rev-mortgage-logo_72ppi_prod-081621.pngMichael2023-09-12 20:06:502023-10-12 20:24:41Customer Testimonial: Homeowner Uses a Reverse Mortgage Loan Line of Credit for a More Sustainable, Fun and Secure Retirement
After Cathy’s husband passed away, she felt she owed it to herself to pursue her life goal of living by the ocean. She used a reverse mortgage loan to not only purchase her dream ocean-front home, but also establish a line of credit for future expenses.
https://reversepurchase.com/wp-content/uploads/sites/2/2023/10/Vanity-Site-Header-Image-High-Quality-18.jpg4301500Michaelhttps://reversepurchase.com/wp-content/uploads/sites/2/2021/09/rev-mortgage-logo_72ppi_prod-081621.pngMichael2023-09-12 20:04:592023-10-12 20:27:39Customer Testimonial: Retiree Uses a Reverse Mortgage Loan to Buy Her Dream Home and Establish a Line of Credit for Home Improvements
Today’s interest rates are a common concern for those who are interested in reverse mortgage loans. The good news is that there are a number of other factors that can help you determine if now is the right time for a reverse.
https://reversepurchase.com/wp-content/uploads/sites/2/2023/09/Interest-Rates-Vanity-Site-Image.jpg4301500noahhttps://reversepurchase.com/wp-content/uploads/sites/2/2021/09/rev-mortgage-logo_72ppi_prod-081621.pngnoah2023-09-07 19:57:182023-09-11 16:34:13Why Today’s Interest Rates Shouldn’t Stop You From Improving Your Future
In this article, we’ll explore how a reverse mortgage can help you enjoy a more comfortable, secure retirement while providing the peace of mind that your children can continue their financial independence and benefit from the legacy you leave behind.
https://reversepurchase.com/wp-content/uploads/sites/2/2023/09/Children-Vanity-Site-Image.jpg4301500noahhttps://reversepurchase.com/wp-content/uploads/sites/2/2021/09/rev-mortgage-logo_72ppi_prod-081621.pngnoah2023-09-07 17:41:462023-09-11 16:32:57What Could a Reverse Mortgage Loan Mean for Your Children?
Rebecca’s reverse mortgage loan provided much more than financial freedom, it covered unexpected medical expenses and provided funds for a variety of projects.
https://reversepurchase.com/wp-content/uploads/sites/2/2023/10/Vanity-Site-Header-Image-High-Quality-19.jpg4301500Michaelhttps://reversepurchase.com/wp-content/uploads/sites/2/2021/09/rev-mortgage-logo_72ppi_prod-081621.pngMichael2023-08-12 19:58:012023-10-12 20:34:46Customer Testimonial: Homeowner’s Reverse Mortgage Loan Provides Financial Security for Medical Expenses and Funds for Home Improvements
Securing a comfortable retirement should be a top priority for homeowners 62 and above. We’ll also show how the Home Equity Conversion Mortgage loan (or HECM) can effectively insulate retirement portfolios while improving retirement life.
https://reversepurchase.com/wp-content/uploads/sites/2/2023/08/move-to-grandkids-featured-image.jpg4301500noahhttps://reversepurchase.com/wp-content/uploads/sites/2/2021/09/rev-mortgage-logo_72ppi_prod-081621.pngnoah2023-08-02 18:41:392023-08-03 15:10:00Things to Consider Before Moving Closer to Your Grandchildren
https://reversepurchase.com/wp-content/uploads/sites/2/2023/08/No-Longer-Last-Resort-Feature-Image.jpg4301500noahhttps://reversepurchase.com/wp-content/uploads/sites/2/2021/09/rev-mortgage-logo_72ppi_prod-081621.pngnoah2023-08-02 15:55:432023-08-03 15:27:50Reverse Mortgages: No Longer Just a Loan of Last Resort
Most reverse mortgage loans today are HECMs—the only reverse mortgages insured by the Federal Housing Administration (FHA). In this article, Leslie and the Kight Team will tell you everything you need to know about HECMs in order to get started.
https://reversepurchase.com/wp-content/uploads/sites/2/2023/08/What-You-Need-to-Know-Feature-Image.jpg4301500noahhttps://reversepurchase.com/wp-content/uploads/sites/2/2021/09/rev-mortgage-logo_72ppi_prod-081621.pngnoah2023-08-01 13:23:452023-08-02 20:01:54Home Equity Conversion Mortgage (HECM) Loan: What You Need to Know
There are a number of myths and opinions out there about reverse mortgage loans today, but they really are just cashflow. Read this article to learn why.
https://reversepurchase.com/wp-content/uploads/sites/2/2023/07/Why-Cashflow-Feature-Image.jpg4301500noahhttps://reversepurchase.com/wp-content/uploads/sites/2/2021/09/rev-mortgage-logo_72ppi_prod-081621.pngnoah2023-07-31 21:27:232023-08-02 20:05:16Why A Reverse Mortgage Loan Is Really Just Cashflow
https://reversepurchase.com/wp-content/uploads/sites/2/2023/07/What-Is-a-Reverse-Feature-Image.jpg4301500noahhttps://reversepurchase.com/wp-content/uploads/sites/2/2021/09/rev-mortgage-logo_72ppi_prod-081621.pngnoah2023-07-31 21:00:102023-08-02 16:57:37What Is A Reverse Mortgage Loan?
https://reversepurchase.com/wp-content/uploads/sites/2/2023/07/What-Are-The-Costs-Feature-Image.jpg4301500noahhttps://reversepurchase.com/wp-content/uploads/sites/2/2021/09/rev-mortgage-logo_72ppi_prod-081621.pngnoah2023-07-27 19:53:052023-08-08 17:46:16What Are the Costs of a Reverse Mortgage Loan?
Reverse mortgage loans apply to many legal scenarios, but for lawyers involved in silver divorces, the reverse mortgage could be just the tool you need for your clients’ success.
https://reversepurchase.com/wp-content/uploads/sites/2/2023/07/How-a-Reverse-Mortgage-Loan-Can-Help-in-a-Silver-Divorce-.jpg6151872Michaelhttps://reversepurchase.com/wp-content/uploads/sites/2/2021/09/rev-mortgage-logo_72ppi_prod-081621.pngMichael2023-07-19 15:19:142023-07-19 19:59:37How a Reverse Mortgage Loan Can Help in a Silver Divorce
Reverse mortgage loans can be powerful tools for people in a variety of situations. But are they right for you? See the reverse mortgage pros and cons.
https://reversepurchase.com/wp-content/uploads/sites/2/2023/07/pros-and-cons-reverse-mortgage-2-e1641219342241.jpg6181919Michaelhttps://reversepurchase.com/wp-content/uploads/sites/2/2021/09/rev-mortgage-logo_72ppi_prod-081621.pngMichael2023-07-19 14:39:342023-07-21 19:51:14Pros and Cons of a Reverse Mortgage
Claudette sees the Home Equity Conversion Mortgage (HECM) loan as a significant bonus for retirees and greatly appreciates the peace of mind and financial control it provides.
https://reversepurchase.com/wp-content/uploads/sites/2/2023/10/Vanity-Site-Header-Image-High-Quality-17.jpg4301500Michaelhttps://reversepurchase.com/wp-content/uploads/sites/2/2021/09/rev-mortgage-logo_72ppi_prod-081621.pngMichael2023-07-12 20:04:092023-10-12 20:36:54Customer Testimonial: Homeowner’s Reverse Mortgage Loan Gives Peace of Mind and a New Level of Control Over Personal Finances
For most homeowners aged 62 and older, home equity represents the largest portion of their overall net wealth. Three common home-equity-release loans available today for senior homeowners are the Home Equity Line of Credit (HELOC), Home Equity Loan (HEL), and the Home Equity Conversion Mortgage (HECM).
https://reversepurchase.com/wp-content/uploads/sites/2/2023/06/reverse-mortgage-loan-vs-heloc-or-home-equity-loan.jpg6151872Michaelhttps://reversepurchase.com/wp-content/uploads/sites/2/2021/09/rev-mortgage-logo_72ppi_prod-081621.pngMichael2023-06-21 15:04:372023-06-22 20:41:23Advantages of a Reverse Mortgage Loan vs. a HELOC and a Home Equity Loan
Retirees face no shortage of risks to their retirement savings. Read on for solutions to one of the biggest funding challenges of all—long-term care (LTC).
https://reversepurchase.com/wp-content/uploads/sites/2/2023/06/Tapping-Housing-Wealth-To-Help-Fund-Long-Term-Care.jpg6151872Michaelhttps://reversepurchase.com/wp-content/uploads/sites/2/2021/09/rev-mortgage-logo_72ppi_prod-081621.pngMichael2023-06-15 17:33:032023-06-20 16:17:33Tapping Housing Wealth To Help Fund Long-Term Care
https://reversepurchase.com/wp-content/uploads/sites/2/2023/10/Vanity-Site-Header-Image-High-Quality-16.jpg4301500Michaelhttps://reversepurchase.com/wp-content/uploads/sites/2/2021/09/rev-mortgage-logo_72ppi_prod-081621.pngMichael2023-06-12 19:56:402023-10-12 20:17:39Customer Testimonial: Retired Homeowner Uses His Reverse Mortgage to Combat Inflation, Pay His Bills and Enhance His Lifestyle
https://reversepurchase.com/wp-content/uploads/sites/2/2023/09/financial-advisor-long-term-care-planning-for-clients-e1636654263744.jpg6721600noahhttps://reversepurchase.com/wp-content/uploads/sites/2/2021/09/rev-mortgage-logo_72ppi_prod-081621.pngnoah2023-05-26 14:30:432023-09-26 14:30:58Why Your Clients Shouldn’t Wait to Plan for Long-Term Care
Reverse mortgage loans have become an increasingly popular tool for financial planners. Read on to learn the Top Four Reasons for you to bring them into your financial planning toolkit.
https://reversepurchase.com/wp-content/uploads/sites/2/2023/09/SeptemberBlog_Header_v1-1500x630-1-e1636654859848.jpeg5511500noahhttps://reversepurchase.com/wp-content/uploads/sites/2/2021/09/rev-mortgage-logo_72ppi_prod-081621.pngnoah2023-04-26 14:22:482023-09-26 14:23:28Top Four Reasons Why Reverse Mortgage Loans Should Be In Your Financial Planning Toolkit
Of the challenges that financial planners face in shepherding clients through retirement, cash flow and risk management are among the most common. The reverse mortgage loan line of credit offers immediate solutions for both of these issues. Read on to learn more!
https://reversepurchase.com/wp-content/uploads/sites/2/2023/09/shutterstock_753961939-crop-1-e1636654341735.jpeg8102000noahhttps://reversepurchase.com/wp-content/uploads/sites/2/2021/09/rev-mortgage-logo_72ppi_prod-081621.pngnoah2023-03-26 14:25:422023-09-26 14:26:21The Reverse Mortgage Loan Line Of Credit: The Swiss Army Knife Of Financial Planning
There are many older-adult homeowners who would like to downsize, upsize, or right-size into their dream home, but stay on the sidelines due to the challenging real estate landscape. Luckily, there’s a way for many seniors to purchase a new home that greatly increases their buying power.
https://reversepurchase.com/wp-content/uploads/sites/2/2023/03/How-Seniors-Could-Double-Their-Home-Buying-Power-1.jpg6151872Michaelhttps://reversepurchase.com/wp-content/uploads/sites/2/2021/09/rev-mortgage-logo_72ppi_prod-081621.pngMichael2023-03-15 16:58:572024-01-24 20:35:47How Seniors Could Double Their Home Buying Power Despite High Interest Rates
https://reversepurchase.com/wp-content/uploads/sites/2/2023/03/How-to-Find-the-Perfect-Retirement-Community-hero-image-min-1.jpg6151872Michaelhttps://reversepurchase.com/wp-content/uploads/sites/2/2021/09/rev-mortgage-logo_72ppi_prod-081621.pngMichael2023-03-15 16:16:522023-04-05 18:48:20How to Find the Perfect Retirement Community
https://reversepurchase.com/wp-content/uploads/sites/2/2023/07/how-your-home-can-help-fund-retirement.png6151872Michaelhttps://reversepurchase.com/wp-content/uploads/sites/2/2021/09/rev-mortgage-logo_72ppi_prod-081621.pngMichael2023-03-15 04:20:032023-07-21 19:31:08REALTORS How Your Home Can Help Fund Your Retirement
https://reversepurchase.com/wp-content/uploads/sites/2/2023/02/advantages-of-getting-a-reverse-mortgage-now-1500x430-1.jpg4301500Michaelhttps://reversepurchase.com/wp-content/uploads/sites/2/2021/09/rev-mortgage-logo_72ppi_prod-081621.pngMichael2023-02-08 15:37:082023-04-05 18:57:03Advantages of Getting a Reverse Mortgage Loan Now Rather Than Later
https://reversepurchase.com/wp-content/uploads/sites/2/2023/02/How-a-Reverse-Mortgage-Loan-Can-Enhance-a-Sound-Retirement-Strategy-2.jpg6151872Michaelhttps://reversepurchase.com/wp-content/uploads/sites/2/2021/09/rev-mortgage-logo_72ppi_prod-081621.pngMichael2023-02-07 19:11:182023-04-05 19:13:48How a Reverse Mortgage Loan Can Enhance a Sound Retirement Strategy
When it comes to making savings last over a lengthy retirement period, retirees have no shortage of obstacles to contend with. Here are three ways people 62 and older (working in tandem with their advisors) can incorporate reverse mortgages into sound retirement plans to potentially improve retirement outcomes.
https://reversepurchase.com/wp-content/uploads/sites/2/2023/09/ways-to-use-reverse-mortgages-in-retirement-planning-min.jpg6161872noahhttps://reversepurchase.com/wp-content/uploads/sites/2/2021/09/rev-mortgage-logo_72ppi_prod-081621.pngnoah2023-01-26 14:24:282023-09-26 14:24:39Imaginative Ways Reverse Mortgages Loans Can Be Used in Retirement Planning
If you ask people what they think about reverse mortgages, you are sure to get some strong opinions. Unfortunately, many people form those opinions based on misconceptions about the way reverse mortgages work.
https://reversepurchase.com/wp-content/uploads/sites/2/2022/10/1549059010-e1641219470612-1536x496-1-1500x430-1.jpg4301500Michaelhttps://reversepurchase.com/wp-content/uploads/sites/2/2021/09/rev-mortgage-logo_72ppi_prod-081621.pngMichael2022-10-21 19:36:032023-09-26 14:22:39Debunking Reverse Mortgage Myths: Get the Facts
Unlocking Financial Flexibility: Harnessing the Power of the HECM Line of Credit
Financial Advisors, Homeowners, Real Estate ProfessionalsRetirement is often seen as a period of fulfillment, yet many retirees encounter financial challenges. Enter the HECM line of credit (HECM LOC), a Home Equity Conversion Mortgage (HECM, reverse mortgage) loan feature designed to provide older homeowners with a versatile contingency fund.
The Payout Options for Reverse Mortgage Loans Explained
Financial Advisors, Homeowners, Real Estate ProfessionalsIf you’re looking to empower your retirement with a reverse mortgage loan, the process may seem a little confusing at first glance. Knowing what’s coming, being prepared and having an excellent lending team behind you helps ensure a smooth borrowing journey with less stress.
The Reverse Mortgage Loan Process: From Education Through Closing
Financial Advisors, Homeowners, Real Estate ProfessionalsIf you’re looking to empower your retirement with a reverse mortgage loan, the process may seem a little confusing at first glance. Knowing what’s coming, being prepared and having an excellent lending team behind you helps ensure a smooth borrowing journey with less stress.
Top 10 Reasons for Older Adults To Use a HECM for Purchase (H4P) Loan To Buy Their Next Home
Financial Advisors, Homeowners, Real Estate ProfessionalsThe Home Equity Conversion Mortgage (HECM) for Purchase (H4P) loan is specifically designed for homebuyers 62 and older, offering a distinct set of advantages bridging the gap between cash purchases and traditional mortgages.
Unlocking Potential: Exploring the Top 10 Uses for Reverse Mortgage Loans
Financial Advisors, Homeowners, Real Estate ProfessionalsIn this article, we’ll delve into the concept of reverse mortgages and examine common ways older-adult homeowners are leveraging this powerful financial solution.
Reverse Mortgage Loans: Information for Adult Children
HomeownersWhether it’s surging living costs, healthcare expenses or insurance premiums, many adult children are anxious about their parents’ economic stability. By diversifying home equity, senior homeowners may be better equipped to manage risks, like spending surprises and inflation, throughout retirement.
Customer Testimonial: How a Reverse Mortgage Loan With Fairway Made Great Retirements Even Better
Financial Advisors, HomeownersHear our customers talk about their journeys with reverse mortgage loans. Although each has unique circumstances, they all shared something in common —
their reverse mortgage loan made an already sound retirement strategy even better.
Enhanced Limit for the Home Equity Conversion Mortgage (HECM) Loan in 2024!
Attorneys, Builders, Financial Advisors, Homeowners, Real Estate ProfessionalsLet’s start off 2024 with some good news. The Federal Housing Administration (FHA) increased the maximum claim amount on the Home Equity Conversion Mortgage (HECM). Read on to find out what that could mean for you or your clients.
Jumbo Reverse Mortgage Loans: What You Need to Know
Homeowners, Real Estate ProfessionalsWhile the Home Equity Conversion Mortgage (HECM) loan accounts for the vast majority of reverse mortgages in the U.S., it’s not the only type of reverse mortgage available. A jumbo reverse mortgage is an alternative option that may better serve a borrower who owns a high-value property. Read on to learn more!
Fairway Mortgage Ranked #1 in the U.S. for Borrower Satisfaction Among Mortgage Origination Companies by J.D. Power
Attorneys, Builders, Financial Advisors, Homeowners, Real Estate ProfessionalsBreaking News! Fairway Mortgage Ranked #1 in the U.S. for Borrower Satisfaction Among Mortgage Origination Companies by J.D. Power. Read on to learn more!
Integrating Home Equity Conversion Mortgage (HECM) Loans in Estate Planning
Attorneys, HomeownersIf you’re an attorney working in estate planning, Home Equity Conversion Mortgage (HECM) loans, also called reverse mortgage loans, can be a particularly helpful option in your toolkit. Read on to see why!
Debt Consolidation With Home Equity Conversion Mortgage (HECM) Loans: The Senior Homeowners’ Best Kept Secret
HomeownersFor seniors with significant debt in retirement, especially if traditional home mortgage payments are a major factor, a HECM can be a powerful avenue to consolidate debt. Read on to learn more!
Integrating Home Equity Conversion Mortgage Loans (HECM)s in Estate Planning: A Central California Perspective on Asset Management
HomeownersIn strong real estate markets like Central California, HECMs can be a cornerstone in designing a comprehensive estate planning strategy. Read on to learn why and how to get started.
A Home Equity Conversion Mortgage (HECM) Loan vs. a Cash-Out Refinance: What Are the Advantages?
HomeownersIt’s common for homeowners to want to refinance their mortgage to a lower interest rate, but what about then the interest rates are as high as they are today? There can be times when refinancing to a higher rate can be a wise move, so it pays to learn about your options.
Customer Testimonial: Retiree Uses His Reverse Mortgage Loan To Buy a New Home After Divorce
HomeownersColin was well-positioned for retirement, until he got a divorce. Afterward, he used a reverse mortgage loan to purchase a house he loves.
Customer Testimonial: Homeowners Find More Fun, Freedom and Family Time With a Reverse Mortgage Loan
HomeownersSusan and Jim Arnold are a retired couple living in Morro Bay, California, who took out a reverse mortgage loan to have more financial freedom, fun and family time in retirement.
The Benefits of Home Equity Conversion Mortgage (HECM) Loans for Home Improvement
HomeownersIf you’re a homeowner 62 or older, you might be sitting on a significant amount of untapped home equity that you can use to finance essential home updates, repairs or even major renovations.
Aging at Home Vs. Other Living Options
HomeownersWhere you live in retirement influences so many aspects of your life. Read on to learn more about the pros and cons of the most common options for retirement living.
Enhancing Financial Resilience: Leveraging Home Equity Conversion Mortgage Loans To Safeguard Retirement Portfolios
Financial AdvisorsFinancial professionals, learn how the Home Equity Conversion Mortgage (HECM) can be an effective tool for insulating retirement portfolios, improving overall quality of life in retirement and helping retirees afford their dream home.
QUIZ: Is a Reverse Mortgage Loan Right for You?
HomeownersTapping home equity via a reverse mortgage loan can be an excellent way for seniors to continue to own and live in the homes they love. But is it right for you? Take this quick quiz to find out!
Customer Testimonial: Homeowner Uses a Reverse Mortgage Loan Line of Credit for a More Sustainable, Fun and Secure Retirement
HomeownersNancy began learning about Home Equity Conversion Mortgages (HECMs), the most popular type of reverse mortgage loan, and found that it gave her more choices and control over her finances.
Customer Testimonial: Retiree Uses a Reverse Mortgage Loan to Buy Her Dream Home and Establish a Line of Credit for Home Improvements
HomeownersAfter Cathy’s husband passed away, she felt she owed it to herself to pursue her life goal of living by the ocean. She used a reverse mortgage loan to not only purchase her dream ocean-front home, but also establish a line of credit for future expenses.
Why Today’s Interest Rates Shouldn’t Stop You From Improving Your Future
Financial Advisors, HomeownersToday’s interest rates are a common concern for those who are interested in reverse mortgage loans. The good news is that there are a number of other factors that can help you determine if now is the right time for a reverse.
What Could a Reverse Mortgage Loan Mean for Your Children?
Financial Advisors, HomeownersIn this article, we’ll explore how a reverse mortgage can help you enjoy a more comfortable, secure retirement while providing the peace of mind that your children can continue their financial independence and benefit from the legacy you leave behind.
Customer Testimonial: Homeowner’s Reverse Mortgage Loan Provides Financial Security for Medical Expenses and Funds for Home Improvements
HomeownersRebecca’s reverse mortgage loan provided much more than financial freedom, it covered unexpected medical expenses and provided funds for a variety of projects.
Insulating Retirement Portfolios: How Home Equity Conversion Mortgage Loans Protect Homeowners in Volatile Markets
Financial Advisors, HomeownersSecuring a comfortable retirement should be a top priority for homeowners 62 and above. We’ll also show how the Home Equity Conversion Mortgage loan (or HECM) can effectively insulate retirement portfolios while improving retirement life.
Things to Consider Before Moving Closer to Your Grandchildren
HomeownersMoving to live near your grandchildren is no small leap. Read on to learn the top tips to consider before you make the move.
Reverse Mortgages: No Longer Just a Loan of Last Resort
Builders, Financial Advisors, Homeowners, Real Estate ProfessionalsNow more than ever, financial advisors and homeowners are viewing the reverse mortgage in a financial planning sense — read on to learn why.
Home Equity Conversion Mortgage (HECM) Loan: What You Need to Know
Financial Advisors, HomeownersMost reverse mortgage loans today are HECMs—the only reverse mortgages insured by the Federal Housing Administration (FHA). In this article, Leslie and the Kight Team will tell you everything you need to know about HECMs in order to get started.
Why A Reverse Mortgage Loan Is Really Just Cashflow
Builders, Financial Advisors, Homeowners, Real Estate ProfessionalsThere are a number of myths and opinions out there about reverse mortgage loans today, but they really are just cashflow. Read this article to learn why.
What Is A Reverse Mortgage Loan?
Builders, Financial Advisors, Homeowners, Real Estate ProfessionalsWhat is a reverse mortgage loan and how does it work? Read this article to help decide if one the right choice for you, a loved one or a client.
What Are the Costs of a Reverse Mortgage Loan?
Financial Advisors, Homeowners, Real Estate ProfessionalsIn this article, we’ll cover what a HECM reverse mortgage loan is, the typical upfront and ongoing costs and whether those costs are worth it for you.
How a Reverse Mortgage Loan Can Help in a Silver Divorce
Financial Advisors, HomeownersReverse mortgage loans apply to many legal scenarios, but for lawyers involved in silver divorces, the reverse mortgage could be just the tool you need for your clients’ success.
Pros and Cons of a Reverse Mortgage
Builders, Financial Advisors, Homeowners, Real Estate ProfessionalsReverse mortgage loans can be powerful tools for people in a variety of situations. But are they right for you? See the reverse mortgage pros and cons.
Customer Testimonial: Homeowner’s Reverse Mortgage Loan Gives Peace of Mind and a New Level of Control Over Personal Finances
HomeownersClaudette sees the Home Equity Conversion Mortgage (HECM) loan as a significant bonus for retirees and greatly appreciates the peace of mind and financial control it provides.
Advantages of a Reverse Mortgage Loan vs. a HELOC and a Home Equity Loan
Financial Advisors, Homeowners, Real Estate ProfessionalsFor most homeowners aged 62 and older, home equity represents the largest portion of their overall net wealth. Three common home-equity-release loans available today for senior homeowners are the Home Equity Line of Credit (HELOC), Home Equity Loan (HEL), and the Home Equity Conversion Mortgage (HECM).
Tapping Housing Wealth To Help Fund Long-Term Care
Financial AdvisorsRetirees face no shortage of risks to their retirement savings. Read on for solutions to one of the biggest funding challenges of all—long-term care (LTC).
Customer Testimonial: Retired Homeowner Uses His Reverse Mortgage to Combat Inflation, Pay His Bills and Enhance His Lifestyle
HomeownersWhen inflation outpaced Jeff’s social security and pension, he used a reverse mortgage loan to free up cash, pay off debt and treat himself.
Why Your Clients Shouldn’t Wait to Plan for Long-Term Care
Financial AdvisorsTop Four Reasons Why Reverse Mortgage Loans Should Be In Your Financial Planning Toolkit
Financial AdvisorsReverse mortgage loans have become an increasingly popular tool for financial planners. Read on to learn the Top Four Reasons for you to bring them into your financial planning toolkit.
The Reverse Mortgage Loan Line Of Credit: The Swiss Army Knife Of Financial Planning
Financial AdvisorsOf the challenges that financial planners face in shepherding clients through retirement, cash flow and risk management are among the most common. The reverse mortgage loan line of credit offers immediate solutions for both of these issues. Read on to learn more!
How Seniors Could Double Their Home Buying Power Despite High Interest Rates
Builders, Financial Advisors, HomeownersThere are many older-adult homeowners who would like to downsize, upsize, or right-size into their dream home, but stay on the sidelines due to the challenging real estate landscape. Luckily, there’s a way for many seniors to purchase a new home that greatly increases their buying power.
How to Find the Perfect Retirement Community
Builders, Homeowners, Real Estate ProfessionalsTop 15 Reverse Mortgage Loan Questions Answered
Financial Advisors, HomeownersREALTORS How Your Home Can Help Fund Your Retirement
Builders, Homeowners, Real Estate ProfessionalsH4P loans can not only help you grow your REALTOR® business, it can help you overcome challenges in your own retirement planning.
Advantages of Getting a Reverse Mortgage Loan Now Rather Than Later
Financial Advisors, HomeownersHow a Reverse Mortgage Loan Can Enhance a Sound Retirement Strategy
Financial Advisors, HomeownersImaginative Ways Reverse Mortgages Loans Can Be Used in Retirement Planning
Financial AdvisorsWhen it comes to making savings last over a lengthy retirement period, retirees have no shortage of obstacles to contend with. Here are three ways people 62 and older (working in tandem with their advisors) can incorporate reverse mortgages into sound retirement plans to potentially improve retirement outcomes.
Debunking Reverse Mortgage Myths: Get the Facts
Builders, Financial Advisors, Homeowners, Real Estate ProfessionalsIf you ask people what they think about reverse mortgages, you are sure to get some strong opinions. Unfortunately, many people form those opinions based on misconceptions about the way reverse mortgages work.
Customer Testimonial: Finding Freedom with a Reverse Mortgage Loan
HomeownersKathleen Scarcelli is a long-time resident of Scottsdale, AZ, and entrepreneur. Her husband passed away, which left her in a difficult position.