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Browyn Belling, the AARP Foundation’s reverse mortgage specialist, said the loans are a relatively new way to tap into home equity for those who are 62 and older. In a conventional “forward” mortgage, homebuyers borrow a lump sum and make monthly ...
The Reverse Mortgage is a financial planning tool that allows senior homeowners (62 and over) stay at home, accessing equity in the home to supplement income or to consolidate existing debt into a loan that has no monthly payments. It has been ...
Retirement can be a time of great anticipation along with tremendous worry as the thoughts of peaceful relaxation and adventure are thrown into question by concerns over you’re going to satisfy the financial demands that will surely arise. For those ...
South Jersey Federal Credit Union presents a new series of free Reverse Mortgage Seminars in the coming months. Attendees do not need to be members of SJFCU to attend, and family members are welcome. Pre-registration is required, by calling 800 ...
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Q: Dear Rick: I am a General Motors retiree. I've been retired for about 12 years. Between my pension and Social Security, it covers all my living expenses. In addition, when I pass away, my wife will continue to receive my pension. Friends told ...
The website of the self-proclaimed “Reverse Mortgage Critic” recently promoted a reverse mortgage webinar to  financial and elder care professionals titled: Should you recommend a reverse mortgage to your clients? The webinar, originally ...
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Many originators work largely through referrals in building their reverse mortgage business, with traditional sources such as financial and real estate professionals being the tried-and-true referral relationships. Another type of referral may ...