Borrowers control risks associated with reverse mortgages [feedly]

Q: "It seems to me that you are writing a lot about reverse mortgages recently ... is the subject really worth the time you are spending on it?"

A: I think so. I view the home equity conversion mortgage (HECM) program as an important, if partial, solution to a critical problem: an increasing concern among people looking ahead that their living standards won't be maintained after they stop working.  Read more...  http://feedproxy.google.com/~r/inmannews/~3/QBYWWurF2nU/borrowers-control-risks-associated-with-reverse-mortgages

Borrowers control risks associated with reverse mortgages [feedly]

Q: "It seems to me that you are writing a lot about reverse mortgages recently ... is the subject really worth the time you are spending on it?"

A: I think so. I view the home equity conversion mortgage (HECM) program as an important, if partial, solution to a critical problem: an increasing concern among people looking ahead that their living standards won't be maintained after they stop working.  Read more...  http://feedproxy.google.com/~r/inmannews/~3/QBYWWurF2nU/borrowers-control-risks-associated-with-reverse-mortgages

Understanding HECM loan's dual interest rates | Inman News

This is a great time for senior homeowners to take out a home equity conversion mortgage (HECM), especially if they don't need the extra money now! Sounds crazy? It isn't, so read on.

The federal HECM reverse mortgage program allows seniors 62 or older who own and occupy their homes to take out a mortgage against it. What makes it a "reverse mortgage" is that the amount owed tends to rise over time, whereas on a standard mortgage it tends to decline.  Read more.   http://www.inman.com/buyers-sellers/columnists/jackguttentag/understanding-hecm-loans-dual-interest-rates?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+inmannews+%28Inman+News+-+Headlines%29

Understanding HECM loan's dual interest rates | Inman News

This is a great time for senior homeowners to take out a home equity conversion mortgage (HECM), especially if they don't need the extra money now! Sounds crazy? It isn't, so read on.

The federal HECM reverse mortgage program allows seniors 62 or older who own and occupy their homes to take out a mortgage against it. What makes it a "reverse mortgage" is that the amount owed tends to rise over time, whereas on a standard mortgage it tends to decline.  Read more.   http://www.inman.com/buyers-sellers/columnists/jackguttentag/understanding-hecm-loans-dual-interest-rates?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+inmannews+%28Inman+News+-+Headlines%29