American Advisors Group recently entered into a partnership with a nationwide real estate firm in an attempt to bolster its presence in the Home Equity Conversion Mortgage for Purchase landscape. The Orange, Calif.-based industry heavyweight became an “approved” reverse mortgage lender for United Real Estate, a nationwide real estate franchise. As part of the arrangement, AAG […]
Category: HECM for Purchase
The National Association of Realtors issued the most recent edition of its exhaustive Home Buyer and Seller Generational Trends Report this week, providing an interesting snapshot of homebuying habits within the 62-and-older set. The Washington, D.C.-based trade group probed trends among homebuyers of all generations, starting with 36 and younger and going all the way […]
In a week that saw storm clouds gathering over the Department of Housing and Urban Development’s budget and new HUD Secretary Ben Carson generating controversy that had nothing to do with housing, RMD’s readers focused on a Q&A from researchers who say older Americans are still afraid of tapping into their home equity, a look at […]
In a post from reverse mortgage expert Jack Guttentag, the Huffington Post explores an interesting twist to a potential Home Equity Conversion Mortgage borrower’s mental calculus — the knowledge that people in his family tend not to live very long. The bulk of Guttentag’s piece explores the typical options available to a 61-year-old retiree who […]
Editor’s note: A previous version of this article misidentified Rob Cooper of Reverse Mortgage Funding as Jeff Cooper. RMD regrets the error. In the eight years since it was first offered under the Home Equity Conversion Mortgage program, the HECM for Purchase (H4P) has failed to gain traction, despite the fact that many believe it […]
The National Association of Realtors hosted a lively webinar on using reverse mortgages in real-estate transactions — and in the process revealed that real estate professionals have many of the same questions about the program as potential buyers and borrowers. The Chicago-based trade group, whose membership includes more than 1.2 million members across about 1,100 […]
Happy Friday, glad you made it here. Labor Day made for a short, but nevertheless busy week for reverse mortgage news. And while only a few hours stand between you and yet another weekend, before you take off, check out the top stories grabbing the attention of RMD readers this week: Reverse Mortgage Volume Jumps 24% in August, […]
A new home can be an expensive purchase, especially for retirees with limited liquid resources to fund this type of transaction. While most buyers generally have two options when it comes to buying a new home, a reverse mortgage can provide a critical third option for retirees, according to a recent article from Seeking Alpha. […]
Not all retirees want to downsize in retirement. But for those who would rather ‘upsize’ to a larger or more expensive home, a reverse mortgage can help, explains a recent article from CBS News. If seniors have a significant amount of home equity in their current home, they could combine that asset with a reverse mortgage to purchase […]
There are only 21% of workers who are very confident that they will have enough money to live comfortably during retirement and over half of Americans have been labeled “at risk” of not being able to keep up with their lifestyle expenses in retirement, according to EBRI, cited in a recent article from Forbes. But, […]
