Many senior homeowners are attracted to the idea of using a reverse mortgage to draw additional funds, but are so fearful of making a costly mistake involving their house, or being taken advantage of ...
I have created a calculator that allows users to get a sense of the principal limit available with a HECM reverse mortgage on their homes using the most popular one-month variable-rate option. A ...
With the new reverse mortgage loan limit on its way, I know that originators are looking for a calculator that shows the $625,500 loan limit. IBIS published a sample calculator for RMD readers which ...
In a recent article, I described a reliable and easy-to-use calculator that could improve the ability of seniors to determine whether their lives would be improved by an HECM, or reverse mortgage.
In a recent column, I described a reliable, easy-to-use calculator that could improve the ability of seniors to determine whether or not their lives would be benefited by a home equity conversion ...
“I am interested in your opinion of the following plan: Take a Home Equity Conversion Mortgage reverse mortgage on my home, which is worth $1 million and will appreciate by 3.5 percent a year. I would ...
In a recent article, I described a reliable and easy-to-use calculator that could improve the ability of seniors to determine whether or not their lives would be benefited by a HECM reverse mortgage.
“I am interested in your opinion of the following plan: Take a HECM reverse mortgage on my home, which is worth $1,000,000 and will appreciate by 3.5% per year. I would draw on the HECM for cash to ...