Mahwah, N.J.-based reverse mortgage lender Longbridge Financial announced several new initiatives today including new hires to the company’s training department, while also bolstering the online presence of its wholesale division to include new features for brokers and additional educational materials to allow new brokers to become more accustomed to the specifics of the reverse mortgage […]
Among the four primary ways a retiree can use their home’s equity to create additional cash flow in their post-working years, a reverse mortgage is one such potentially viable option based on the specific situation of the senior making the choice. This is according to an article published at U.S. News & World Report. A […]
HomeEquity Bank, the largest reverse mortgage lender in Canada, has launched a new product variation designed to offer Canadian seniors a short-term reverse mortgage product that they can use to cover specific tasks. “CHIP Open” is an alternative to the standard “CHIP Reverse Mortgage,” and is designed for Canadians aged 55 and older who are […]
The concept of the reverse mortgage is active all over the world. While different countries see different levels of reverse mortgage success, analysts and researchers at institutions like the World Bank and the Brookings Institution see a greater potential for reverse mortgage products to provide solutions to increasingly cash-strapped seniors both within and beyond the […]
Making the decision about where and how to spend retirement can be difficult for many American seniors, often dictated by the amount of resources a retiree has access to. One of these decisions can involve either moving — into a new home or an assisted living facility at the appropriate time — or choosing to […]
As the reverse mortgage industry becomes more populated with a wider variety of products with different potential advantages for potential clients to observe, the potential for reaching different types of customers is similarly expanded. In particular, the proliferation of private variations of the reverse mortgage that is separate from the government-sponsored Home Equity Conversion Mortgage […]
With the impact of the COVID-19 coronavirus pandemic still a persistent presence in the everyday lives of Americans, more adult children and retired parents are spending time together, which makes for an optimal moment for retirees to talk about their finances with their children. A reverse mortgage can be one such solution for retirees to […]
The proprietary reverse mortgage market is still in relatively early days considering the amount of time in which multiple lenders have been competing in the space. While new products are likely to emerge in 2021, it may be unlikely for proprietary products to ever overtake the FHA-backed Home Equity Conversion Mortgage (HECM) offerings. Still, proprietary […]
For someone who has used existing assets to pay off an existing mortgage on their home, the use of a reverse mortgage line of credit would be an effective way to prepare for a person’s older years and to avoid premature exhaustion of assets, which can lead to poverty. This is according to Jack Guttentag, […]
Google will be implementing new targeting restrictions for its ads, preventing customers on its platform from targeting based on certain demographic factors including age. This is based on a communication that the tech giant distributed to users of its advertising platform, which was obtained by RMD. One of the newly-implemented restrictions involves targeting ads based […]
