The Street: Reverse Mortgages Can Increase Cash Flow During Gray Divorce

Divorce is an often painful, difficult process no matter when it’s decided on as a solution, but the difficulty and complexity of the process can increase significantly for those at or near retirement. If a senior is facing the prospect of a divorce and can consequently run into issues related to cash flow, a reverse […]

Parade: How to Determine if a Reverse Mortgage is Right for a Borrower

A Home Equity Conversion Mortgage (HECM) could be a viable choice for a potential borrower who has paid off their existing forward mortgage, and is looking for additional cash flow to fund expenses which may include repairs or healthcare costs. The solution should also make potential borrowers think long-term about associated costs and bequest assets, […]

U.S. News: Things to Consider Before Getting a Reverse Mortgage

Reverse mortgages can serve as a potential path for older Americans to gain access to additional cash in retirement, but there are several considerations a retiree should make before applying that are both pros and cons. This is according to a new column published this week in U.S. News & World Report. A primary advantage […]

How to Approach Wealthy Borrowers About Reverse Mortgage Options

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 […]

Mortgage Professor: How to Use a Reverse Mortgage to Avoid Poverty

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, […]

Former Fraudster Leads New Reverse Mortgage Anti-Scam Campaign

Frank W. Abagnale, Jr. — a former fraudster and con man who famously assisted the Federal Bureau of Investigation (FBI) on fraud crimes before starting his own consultancy firm — has found a role as the subject of a new reverse mortgage advertising campaign and educational video series designed to help seniors spot when they’re […]

Bankrate: Low Interest Rates Fuel Renewed Reverse Mortgage Appeal

As the mortgage rate environment and the finances of seniors have gained renewed focus during the COVID-19 coronavirus pandemic, so too has the interest in and potential value proposition of tapping home equity to create cash flow with a reverse mortgage. This is according to a new column published at Bankrate. “Although there are costs […]

Bankrate: Pros and Cons of a Reverse Mortgage, Possible Alternatives

As a complex financial instrument, a reverse mortgage has the potential to help retirees which are in specific financial circumstances, but should be fully understood in context with features, potential shortcomings and comparison with available alternatives. This is according to a reverse mortgage guide published this month by Bankrate. Seniors at or over the age […]