BBB: Reverse Mortgages Must Be a ‘Family Decision’

Consumers need to fully understand all of the associated costs, terms and conditions prior to applying for a reverse mortgage transaction, and that the ultimate decision made by a senior homeowner at or over the age of 62 should be in consultation with a prospective borrower’s family or other trusted advisors. This is the perspective […]

Reverse Mortgage LOC Can Help Seniors Endure Financial Turbulence

For those Americans over the age of 62 who have recently seen the values of their retirement accounts shaken by the ongoing effects of the COVID-19 coronavirus pandemic, the ability for a reverse mortgage to take some pressure off of individuals and their accounts should not be overlooked. This is according to a column appearing […]

New Florida Broker Bets Big on Reverse Mortgage for Purchase

Launching any new business during the height of the COVID-19 coronavirus pandemic is no easy task, particularly in an area of the country that is seeing rising numbers of infections. For the launch of Florida’s Reverse Mortgage Center (FLRMC), however, focusing on the potential benefits of a Home Equity Conversion Mortgage (HECM) for Purchase (H4P) […]

Nasdaq: How Reverse Mortgages Can Assist Wealthy Seniors’ Tax Plans

The sweeping Tax Cuts and Jobs Act of 2017 changed much about the way that tax laws work in the United States, and also helped to elevate the reverse mortgage product category by enhancing its strategic importance for wealthy seniors seeking to incorporate a new element of strategy into their tax situations. This is according […]

Bankrate: HELOC Losses Could Mean Gains for Reverse Mortgages

The diminishing availability of Home Equity Line of Credit (HELOC) loans due to lenders pulling back on such offerings makes finding those loans difficult, but alternative options — including a reverse mortgage — can help those who wish to access their home’s equity. This is according to a column published this week by Bankrate. “Despite […]

Reverse Mortgages Begin Broader Emergence in South Africa

Reverse mortgages have yet to fully catch on globally, but one nation with minimal product has recently introduced a new player. The reverse mortgage product concept is beginning to emerge more broadly in the nation of South Africa with the entrance of a new lender offering the product, citing a report published earlier this year […]

Previously Paused Private Reverse Mortgages Return, RMF Adds LOC Product

Reverse Mortgage Funding (RMF) and Liberty Reverse Mortgage, respectively, have each resumed offering their previously-suspended proprietary reverse mortgage products after observing increased stability in market conditions. In addition, RMF is also introducing a new variation of its private product with a line of credit feature. This is according to representatives from both companies during a […]

CNBC: Reverse Mortgages Helpful for Those Who ‘Mind the Pitfalls’

A reverse mortgage loan may be a tempting prospect for a homeowner over the age of 62, particularly if they’re looking for new and novel ways to make ends meet in retirement. It may be a loan worth exploring, as long as the potential disadvantages of the product category are understood before engaging into one […]

QuantumReverse Gains Patent as Tech Need Rises for Reverse Mortgages

Web-based reverse mortgage origination platform QuantumReverse has been awarded a new patent for its software’s handling of Financial Assessment (FA) requirements for Home Equity Conversion Mortgage (HECM) loans in its system. The patent, which lists QuantumReverse founder and CEO Thomas Martignoni as its inventor, protects a QuantumReverse product feature which allows its users to accomplish […]

Radio Host: Reverse Mortgages Have Many ‘Snakes in the Grass’

Reverse mortgages may be a good option for particular seniors who find themselves strapped for cash, but should likely still be among a senior’s final considerations when coming up with a financial plan in retirement. This is according to consumer finance commentator and syndicated radio host Clark Howard, describing reverse mortgages on his website Clark.com. […]