HighTechLending, Inc. NMLS # 7147

Solutions for today’s biggest retirement challenges

By: Chris Clow The difficulty that the senior population has in finding an adequate amount of money to fund retirement is an issue that is only growing in scale, and the reverse mortgage industry needs to keep the unique hardships faced by seniors fully in mind when advising them on…

Create family experiences and a legacy with help from a Reverse Mortgage

You have spent a lifetime building your family and creating a safe home for your kids and grand-kids to enjoy together.  As your family has grown and gone out into the world they may have separated from you in distance or in closeness but there are things you can do…

2019 Best Medical Alert Systems

According to the Centers for Disease Control and Prevention, one out of every four older adults falls every year, and 20 percent of those falls are serious, resulting in a broken bone, head trauma or the similar injury. Seniors who experience a fall double their chance of experiencing another fall in…

Condo not FHA approved? You can get a reverse mortgage now.

Condos can be a nice fit for many retirees; there is no yard to maintain, and there is usually a community pool or recreation center, sometimes the condo even sits on a golf course.  Life in a condo can be relaxing and maintenance free.  Often times those in condos think…

Women improve finances after major life events

Women are living longer today than the average man.  According to the National Vital Statistics system an American woman today will live to the age of 81 years old; over 5 years longer than the average man.  As a result of this longer lifespan, may women are learning to take…

Aging in Place? Prepare your home and finances ahead of time

Aging in Place (AIP) is a new name for a traditional concept.  Instead of retiring to a new home, or going to a care facility as you get older, thousands of seniors prefer to prepare their own home to be better suited for them to live comfortably, in a familiar…

California home sales fall; now may be the time to apply for a Reverse Mortgage

California has enjoyed a housing boom over the last 9 years, but according to Corelogic– the premier CA-based financial and property analytics firm, the number of homes sold has fizzled over the past year.   Sales of new homes, existing homes, and condominiums have dropped by 11.8% from June 2017 to…

HECM Reverse Mortgage fees have dropped

The Home Equity Conversion Mortgage (HECM Reverse Mortgage) program was signed into law by President Reagan in February 1988.  Prior to this date, this was a bank run program and they had the power to foreclose on homeowners if they ran out of equity.  Unfortunately, some seniors ended up homeless…

Savvy realtors help more people buy homes using the HECM for purchase

Patti did a HECM (Home Equity Conversion Mortgage) reverse mortgage  years ago; it was a great fit and saved her home.  She was thinking about moving and called me to go over the details of how that would work.  Patti was surprised to hear that she could buy a home…

Downsize to apartment or smaller home in retirement? Look back 15 years to anticipate the future

I recently met with “Helen” as she was in the process of selling her home she had purchased in LA County 30 years ago.  Her home value went up a whopping $600,000 of which she will be able to keep about $300,000 after paying off mortgage and realtor fees.  Helen…