Reverse Mortgages have changed significantly over time
Most retirees understand a Reverse Mortgage (RM) can be used to access a percentage of the equity in their home, but don’t know how versatile a tool it can be. Here are some potential uses: A source of tax-free money (consult a tax advisor). Protection against future drops in housing. …
Reverse Mortgage Financial Assessment brings changes April 27th 2015
With the Financial Assessment date almost upon us, HUD has issued clarification on how this will affect those that don’t complete their counseling before April 27th 2015. In an effort to further protect those with reverse mortgages the financial assessment will use two methods to ensure that borrowers will be…
