The reverse mortgage industry has made several recent efforts to appeal to the financial planner community, and RMD updates the industry on those from FAR, Fairway, CrossCountry Mortgage and the Academy for Home Equity in Financial Planning.
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 […]
Financial planners account for significant potential as reverse mortgage referral partners due to the clients they have access to, and the steps those clients take to strategically employ their assets for their own financial security. That’s why reverse mortgage loan originators would do well to observe some key realities related to how they can forge […]
While there are some restrictions placed upon financial planners by broker dealers and investment advisor firms in terms of discussing reverse mortgage options with clients, another element that may get in the way of reverse mortgage solutions being presented is adequate education and awareness of how the product category can be leveraged as a tool […]
While the relationship between financial planner professionals and the reverse mortgage industry is evolving in a positive direction, there are still a number of things that the reverse industry can and should observe when aiming to facilitate connections with those planners as potential referral partners. This is according to a trio of financial experts discussing […]
The evolution of the reverse mortgage product space has been a constant reality that the surrounding industry has had to contend with for many years, but having gone through such demonstrable and customer-focused periods of change is exactly what has made reverse mortgages more appealing for financial planner professionals. This is according to Evelyn M. […]
Reverse mortgage lender Finance of America Reverse (FAR) and the Financial Planning Association (FPA) recently announced a new partnership, in which both organizations will collaborate on new educational materials designed to give financial planner professionals a greater understanding of reverse mortgage products, and the incorporation of home equity into retirement planning. The new partnership has […]
Finance of America Reverse (FAR) and the Denver, Colo.-based Financial Planning Association (FPA) today announced the formation of a new partnership aimed at providing educational material to financial planner professionals to better inform them of the options that are available to their clients in incorporating reverse mortgages as part of a comprehensive financial plan. This […]